The import of artificial waxes and prepared waxes of polyethylene glycol to India is projected to increase steadily from 2024 to 2028. With an actual value standing at 38 million USD in 2023, 2024 shows a forecasted increase to approximately 40.139 million USD. The year-on-year growth percentages are consistent, averaging around 4-5% annually, contributing to a compound annual growth rate (CAGR) of approximately 5% over the five-year period.

Future trends to watch for:

Potential shifts in global trade policies and tariffs influencing import dynamics.
Innovations in alternatives or new applications for polyethylene glycol-based waxes.
Environmental regulations potentially impacting the demand for specific types of waxes.