Title: India High Purity Isobutylene Market - Forecast(2021 - 2026)
1India High Purity Isobutylene Market Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- 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.
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3There has been an increase in Global warming and
CO2 emissions post lockdowns.
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- Key Takeaways
- Moreover, In Jan 2018, Apollo tyres laid
foundation for their fifth Indian facility in
Andhra Pradesh which they will manufacture
passenger vehicle tyres. Apollo also planned to
expand its TB capacity at the Chennai plant
which is expected to commence operations in this
financial year. - The Indian Tyre Industry is an integral part of
the automotive sector. It contributes to 3 of
the manufacturing GDP of India and 0.5 of the
total GDP directly. MRF Ltd. which is the largest
manufacturer of tires in India is situated in the
South.
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- By Distribution Channel- Segment Analysis
- Butyl Rubber segment held the largest share of
77 in the India High Purity Isobutylene market
in 2020 and is growing at a CAGR of 8.6 during
2021-2026. - Butyl Rubber has superior product properties in
comparison to natural rubber, in terms of tear
strength, aging, and heat resistance are
anticipated to provide a positive scope for
market growth over the forecast period. India
being one of the major pharmaceutical
manufacturers is expected to drive the demand for
butyl rubber in the pharmaceutical closures
application.
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- India High Purity Isobutylene Market Industry
Outlook - Vinati Organics Limited
- RX Marine International
- and Reliance Industries Ltd.
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Adsorbents Market - Forecast(2021 - 2026) Learn
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