India Polyisobutylene Market Size & Outlook, 2020-2028
India polyisobutylene market, 2016-2028 (US$M)
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India polyisobutylene market highlights
- The India polyisobutylene market generated a revenue of USD 81.3 million in 2020 and is expected to reach USD 121.9 million by 2028.
- The India market is expected to grow at a CAGR of 5.2% from 2021 to 2028.
- In terms of segment, high molecular weight was the largest revenue generating product in 2020.
- High Molecular Weight is the most lucrative product segment registering the fastest growth during the forecast period.
Polyisobutylene market data book summary
| Market revenue in 2020 | USD 81.3 million |
| Market revenue in 2028 | USD 121.9 million |
| Growth rate | 5.2% (CAGR from 2020 to 2028) |
| Largest segment | High molecular weight |
| Fastest growing segment | High Molecular Weight |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Molecular Weight, Medium Molecular Weight, Low Molecular Weight |
| Key market players worldwide | Basf SE, Daelim, TPC Group, INEOS, Kothari Petrochemicals, Braskem SA ADR, ENEOS Holdings Inc |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global polyisobutylene market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China polyisobutylene market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 121.9 million by 2028.
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Polyisobutylene Market Scope
Polyisobutylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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India polyisobutylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyisobutylene market will help companies and investors design strategic landscapes.
High molecular weight was the largest segment with a revenue share of 63.35% in 2020. Horizon Databook has segmented the India polyisobutylene market based on high molecular weight, medium molecular weight, low molecular weight covering the revenue growth of each sub-segment from 2016 to 2028.
The Indian market is anticipated to grow on account of the high demand for PIB from the construction and automotive industries coupled with increasing consumer awareness regarding the quality and features offered by PIB products in various packaging and medical applications.
Increasing production of commercial vehicles and passenger cars in the country is another factor projected to augment the demand for lubricants & additives such as PIB-based ashless dispersants in lubricant formulations to prevent deposits, sludge formation, and oil thickening.
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Horizon Databook provides a detailed overview of country-level data and insights on the India polyisobutylene market , including forecasts for subscribers. This country databook contains high-level insights into India polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India polyisobutylene market size, by product, 2016-2028 (US$M)
India Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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