In 2023, the import volume of Isobutene-Isoprene (Butyl) Rubber (IIR) to the US stood at the recorded last actual data. The forecast for the following years indicates a steady increase from 25.702 million kilograms in 2024 to 27.49 million kilograms in 2028. The year-on-year growth rate shows modest increments, reflective of a stable demand trajectory. The compound annual growth rate over this five-year period approximates to an average consistent growth percentage, suggesting a healthy market expansion.
Future trends to watch for include:
- Potential shifts in automotive and manufacturing industries, as these are primary consumers of IIR.
- Technological advancements or regulatory changes affecting synthetic rubber production.
- Global trade dynamics, including tariffs and international relations, which could impact import volumes and prices.