As of 2023, India's import of Isoprene Rubber (IR) stood at approximately 11.3 million kilograms. The forecast from 2024 to 2028 shows a steady increase in imports, with values expected to rise from 11.889 million kilograms in 2024 to 14.364 million kilograms by 2028. This represents an average annual compound growth rate (CAGR) of around 5% over this period.
Year-on-year, the projected growth for 2025 is about 5.4%, 5.0% for 2026, 4.7% for 2027, and 4.4% for 2028. The import trend reflects a consistent increase, suggesting rising domestic demand or potential limitations in local production.
Key future trends to monitor include:
- Global price fluctuations impacting import costs.
- The development of local manufacturing capabilities impacting import needs.
- Environmental regulations affecting rubber production and import.
- Economic factors influencing industrial demand for isoprene rubber.
