The import of adipic acid to India is projected to grow from 40.47 million kilograms in 2024 to 46.541 million kilograms in 2028. In comparison, import volume stood at a lower figure in 2023. The year-on-year growth fluctuates, with 2024-2025 at approximately 3.86%, 2025-2026 at 3.64%, 2026-2027 at 3.45%, and 2027-2028 at 3.26%. The compound annual growth rate (CAGR) over this five-year period is expected to average around 3.53%.
Future trends to watch include:
- Increased demand from automotive and textile industries could drive imports.
- Fluctuations in global production and supply chain disruptions might impact import volumes.
- Sustainability and eco-friendly production practices might influence adipic acid sourcing.