In 2023, India's import of non-cellular, non-reinforced polymethyl methacrylate sheet or film was 70.0 million kilograms. From 2024 to 2028, imports are forecasted to rise from 73.134 to 85.67 million kilograms. This indicates a steady increase, with year-on-year growth rates of 4.42% in 2025, 4.14% in 2026, 3.90% in 2027, and 3.68% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.99%, highlighting a consistent upward trend.
Future trends to watch for:
- Potential impact of domestic production capacity expansion.
- Shifts in global supply chain dynamics affecting raw material availability.
- Policy changes in import tariffs or trade agreements.
- Technological advancements in material alternatives reducing dependence on imports.