In 2023, the import of anti-freezing preparations and prepared de-icing fluids to India stood at 5.8 million kilograms. Forecasts indicate a steady increase, reaching 7.0139 million kilograms by 2028. This signifies annual growth rates of approximately 4.2% in 2024, 4.0% in 2025, 3.9% in 2026, 3.7% in 2027, and 3.5% in 2028. A Compound Annual Growth Rate (CAGR) of approximately 4% is anticipated over five years from 2024 to 2028.
Future trends to watch for:
- The impact of India's industrial growth and infrastructure development on demand.
- Environmental regulations influencing the types of anti-freezing agents imported.
- Technological advancements in de-icing formulations.
- Potential shifts in trade policies affecting imports.