In 2023, the import of vinyl chloride covering was estimated at 36.7 million USD. The forecast from 2024 to 2028 indicates a steady growth. Year-on-year, the import value is expected to increase, with an annual growth of 4.0% in 2025, 3.8% in 2026, 3.6% in 2027, and 3.3% in 2028. The five-year compound annual growth rate (CAGR) is projected at around 3.5%.
Future trends to watch:
- Emerging environmental regulations affecting vinyl chloride use.
- Technological advancements in production and design.
- Fluctuations in international trade agreements and tariffs.
- Shifts in consumer preference towards sustainable materials.
- Potential market expansion in developing regions within India.
