The forecast of asbestos brake linings and pads imports to India from 2024 through 2028 indicates a steady increase, reaching 1009.2 thousand kilograms in 2028. Compared to 2023, the anticipated growth suggests a positive trajectory, with consistent year-on-year increases: 3.12% in 2025, 2.96% in 2026, 2.82% in 2027, and 2.68% in 2028. The compound annual growth rate over five years stands at a robust 2.86%, reflecting healthy demand increments.
Future trends to monitor include:
- Regulatory shifts impacting asbestos use in automotive products.
- Technological advancements offering asbestos alternatives.
- Broader environmental policies influencing import dynamics.
- Potential shifts in automotive industry supply chain strategies.
