Forecast: Import of Acrylic Acid and Its Salts to India

The forecast for the import of acrylic acid and its salts to India suggests a steady increase from 47.958 million kilograms in 2024 to 56.022 million kilograms in 2028. This indicates a consistent annual growth over the five-year period. As of 2023, the actual import stood at an estimated 45 million kilograms, based on historical trends. The year-on-year variation shows an increase trend while the compound annual growth rate (CAGR) over these years reflects a moderate growth, aligning with the projections.

Future trends to observe include:

  • Increasing demand driven by growth in related industries such as coatings, adhesives, and textiles.
  • Potential impact of economic policies and tariffs affecting raw material costs and import volumes.
  • Environmental regulations influencing synthetic processes and material sourcing.

Top Countries about Acrylic Acid