In 2024, India is forecasted to import 190.68 million kilograms of Polymers of Vinyl Chloride and Halogenated Olefins, compared to 2023, where the imports stood at 180 million kilograms. The forecast indicates a positive annual growth, with a year-on-year increase of approximately 5.28% for 2024. The subsequent years reveal steady growth, with estimated imports rising to 229.76 million kilograms by 2028, reflecting a five-year compounded annual growth rate (CAGR) of around 4.70%.
Future trends to watch for include:
- Expansion in India's construction and manufacturing sectors which could drive further demand.
- Developments in trade policies affecting import tariffs and regulations.
- Technological advancements in polymer processing that may influence global supply chains.