The import of polyisobutylene to India is forecasted to grow consistently from 20.616 million kilograms in 2024 to 23.353 million kilograms in 2028. This indicates a steady year-on-year growth each year. In 2023, the actual import was lower than the 2024 forecast, underscoring a clear upward trend in import volume.
Year-on-year percentage variations reflect consistent growth, reinforcing the trend of increasing demand for polyisobutylene in India. The compound annual growth rate (CAGR) over the five-year period is positive, highlighting a healthy and sustained increase averaging annually.
Going forward, key trends to monitor include changes in domestic production capabilities, shifts in demand from consuming industries such as automotive and construction, and fluctuations in global market prices. Additionally, environmental regulations and technological advancements in polyisobutylene applications could significantly impact import volumes.
