Data Analysis (Values in Million US Dollars):
- 2024: $36.083
- 2025: $37.297 (3.37% ↑)
- 2026: $38.486 (3.19% ↑)
- 2027: $39.652 (3.03% ↑)
- 2028: $40.794 (2.88% ↑)
The Compound Annual Growth Rate (CAGR) over the forecast period is approximately 3.12%.
Continued economic growth, increasing demand in the automotive and packaging industries, and potential trade policy changes could impact future import levels of polyisobutylene to India. Monitoring fluctuations in global oil prices and advancements in polymer alternatives will also be crucial.
