The import of Rosin and Resin Acids to India is projected to steadily increase from 2024 through 2028. The forecast values in million kilograms are as follows: 46.894 in 2024, 47.46 in 2025, 48.016 in 2026, 48.56 in 2027, and 49.093 in 2028. This trend reflects a consistent year-on-year growth.
Estimating from the consistent figures reported, these imports are likely to experience an approximate CAGR of 1.16% over the five-year period. Such growth suggests a moderately increasing demand for these chemical products in the Indian market.
Future trends to watch include:
- Potential shifts in supply chains due to geopolitical factors or trade agreements.
- Technological advancements in substitutes or innovations affecting rosin and resin acids demand.
- Changes in regulations impacting imports and domestic production dynamics.