The import of acrylic or vinyl polymer paint or varnish (non-aqueous) to India is projected to increase from 12.438 million kilograms in 2024 to 14.343 million kilograms by 2028. This depicts a consistent annual growth rate, with a CAGR suggesting a steady upward trend over these years. As of 2023, the recorded import volume was slightly lower, indicating a positive momentum starting in 2024.
Potential future trends to watch for include:
- The impact of trade policies on import dynamics.
- Fluctuations in domestic demand for polymer-based paints and varnishes.
- Technological advancements in paint manufacturing and alternatives.
- Environmental regulations affecting non-aqueous paint imports.
