The import of Sulphuric Acid and Oleum to India has been on a consistent upward trend from 2024, with forecasted figures showing an increase from $85.594 million in 2024 to $97.482 million in 2028. The data reflects a consistent annual growth rate, contributing to a steady compound annual growth rate (CAGR) over the forecast period. Compared to 2023, the value of imports in 2024 reflects expected growth based on market demands, infrastructure development, and industrial consumption patterns. Year-on-year growth rates over the forecasted period stay moderately stable, implying a sustainable demand increase in the coming years.
Future trends to watch for include:
- Potential fluctuations in global sulphuric acid prices impacting import values.
- Government policies impacting domestic production versus import reliance.
- Technological advancements affecting the efficiency of sulphuric acid use in industries.
- Geopolitical factors influencing trade agreements and tariffs that may impact import costs.