In 2023, India imported 75.565 million kilograms of Isobutene-Isoprene (Butyl) Rubber (IIR). Forecasts predict a steady increase in imports, reaching 84.676 million kilograms by 2028. The year-on-year growth shows a consistent rise, with increases of approximately 2.4% from 2024 to 2025, 2.3% from 2025 to 2026, 2.2% from 2026 to 2027, and 2.1% from 2027 to 2028, indicating a gradually slowing growth rate. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 1.9% annually.
Future trends to watch for include:
- Shifts in global production dynamics, potentially impacting supply and pricing.
- Technological advancements improving the production efficiency of IIR.
- Regulatory changes affecting import tariffs or trade agreements, influencing import volumes.
- Variations in domestic demand driven by developments in the automotive and construction industries.
