Isobutene Market - Forecast(2021 - 2026)
As per the International Trade Centre (ITC), the trade of synthetic rubber across the globe reached a value of $27.521 billion in 2018. The usage of rubber is prevalent across various industries including transportation, garments, pharmaceutical, and others. In comparison to natural rubber, synthetic rubbers are much more thermally stable and compatible with petroleum products because of constituents which include chemical compounds such as isobutene , isoprene , chloroprene , and others. Growth of the synthetic rubber industry across the globe is significantly supporting expansion of the isobutene market which was valued at $32.9 billion in 2018, and is expected to grow at a CAGR of 4.6% during the forecast period of 2019-2025. Request Sample In 2018, North America held maximum share of the isobutene market, amounting to 42%, due to growth of the automotive and pharmaceutical industries, which extensively use rubber. According to the International Organization of Motor Vehicle Manufac...