The import of Dioctyl Orthophthalates to India is projected to increase steadily, with volumes forecasted to grow from 42.267 million kilograms in 2024 to 52.292 million kilograms by 2028. In 2023, the actual import volume was slightly below the 2024 estimate, reflecting an accelerating trend. The annual growth rates for 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028 are expected to be around 6.1%, 5.6%, 5.2%, and 4.9%, respectively. The compound annual growth rate (CAGR) for the 5-year period is projected to be approximately 5.4%.

Future trends to watch:

Potential impacts of regulatory changes on the import volumes of phthalates.
Shifts in demand due to alternative plasticizers emerging in the market.
India's economic growth and industrial expansion affecting plasticizer requirements.