In 2023, India's import of cellular sheets of polymers of vinyl chloride stood at approximately 14.5 million kilograms. Forecasted data from 2024 to 2028 shows a consistent year-on-year increase in import volume, starting at 15.241 million kilograms in 2024 and reaching 18.421 million kilograms by 2028.
Key Trends and Forecast Insights:
- From 2024 to 2025, a growth of about 5.37% is anticipated.
- Subsequent years maintain a steady growth trajectory, with consistent single-digit growth each year.
- The compound annual growth rate (CAGR) over the forecast period (2024-2028) reflects stable demand at approximately 5.17% annually.
Future trends to watch include increasing industrial applications and potential regulatory changes influencing demand dynamics. The underlying growth could be impacted by advancements in polymer technology and additional sourcing opportunities enhancing supply chain efficiencies.
