INDIA HIGH PURITY ISOBUTYLENE MARKET SIZE FORECAST TO REACH $222.6 MILLION BY 2026
Increased Usage of HPIB in Fuel and Lubricant Additives Driving the Growth of India High Purity Isobutylene Market India High Purity Isobutylene market size is forecast to reach $222.6 million by 2026, after growing at a CAGR of 8.4% during 2021-2026. High Purity Isobutylene (HPIB) demand is on the rise owing to its increased application in butyl rubber which is further used in the manufacturing of rubber products. Most of the growth in HPIB demand can be attributed to the expansion of end-use sectors such as rubber manufacturing and fuel additives. High Purity Isobutylene is used as an intermediate in the production of a variety of products in the chemical industry. Rising demand of butyl rubber and PIB is the prime factor fueling the demand of high purity isobutylene market in India. COVID-19 Impact Global economies are currently recovering from the consequences of the globe-sweeping COVID-19 pandemic. As a result of the outbreak, various additive manufacturers acro...