In 2023, the import of gaskets, washers, and other seals of vulcanized rubber to India was approximately 26.581 million kilograms. The forecast indicates a consistent year-on-year increase, with growth rates as follows: 2.3% from 2024 to 2025, 2.2% from 2025 to 2026, 2.1% from 2026 to 2027, and 2.0% from 2027 to 2028. Over the five years from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 2.1%.
Future trends to watch for in this segment include the impact of advancements in automobile and industrial manufacturing, potential policy changes in trade agreements, and shifts in global rubber production affecting market dynamics. Monitoring these factors will be crucial for market stakeholders.
