The import of pigments and preparations based on chromium compounds to India is projected to decline over the coming years. In 2023, the actual import volume stood at 94.5 thousand kilograms. Forecast data reveals a gradual year-on-year decrease, with imports dropping to 93.86 thousand kilograms in 2024 and further down to 91.29 thousand kilograms by 2028. This reflects a compound annual growth rate (CAGR) of approximately -0.87% over the five-year period.

Future trends to watch for:

Global regulations on chromium compounds could impact import levels.
Shift towards eco-friendly alternatives might reduce dependency on chromium-based products.
Technological advancements in pigment production could influence import dynamics.