'North american polyisobutylene market' presentation slideshows

North American Polyisobutylene Market

The U.S. Polyisobutylene market is estimated to be valued at $722.14 million in 2017 and expected to increase in 2023, and growing at a CAGR of 3.39% during the forecast period. The national CAGR of U.S. is lower than the region’s average because it is a mature market for PIB. The major growth of the region is in parts of Canada and Mexico. In spite of registering low growth rates, the U.S. remains the main contributor to the market as it is the largest economy in the trade region (NAFTA). The demand for new automobiles by the American population will ensure that the market keeps growing. The sales of automobiles has continuously increased in the U.S. and thus, the need for tires and other car accessories also increase. This ensures that more PIB is used in manufacturing of cars and lubricants.

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