In 2023, India's import of Acrylonitrile-Butadiene Rubber (NBR), Latex stood at an estimated 655 Thousand Kilograms. Projections for 2024 indicate an increase to 670.15 Thousand Kilograms, followed by a steady year-on-year growth of around 2% annually, reaching 728.68 Thousand Kilograms by 2028. The compound annual growth rate (CAGR) for this period is approximately 2.18%, reflecting moderate growth in the demand for NBR latex in India.
Future trends to watch for include:
- Technological advancements in rubber production which may enhance the performance and appeal of NBR.
- Potential shifts in regulatory policies affecting the import landscape.
- Industrial demand fluctuations, particularly driven by the automotive and healthcare sectors.