In 2023, the import of Methacrylic Acid and its salts to India stood at a value of 39.0 million USD. The forecast indicates a steady increase from 40.563 million USD in 2024 to 46.894 million USD in 2028. Year-on-year growth rates from 2024 to 2028 show an annual increase ranging from approximately 4% to 3%, with a compound annual growth rate (CAGR) of around 3.5% over this five-year period. This trend suggests both stable demand and a potential strategic importance of these imports to India’s industrial applications.
Future trends to watch for:
- Increasing domestic production capabilities which could impact import reliance.
- Global supply chain fluctuations that may affect import costs and availability.
- Changes in environmental regulations influencing the use of methacrylic acid and its derivatives.
