The import of toughened safety glass for non-vehicle use in India stood at approximately $117 million in 2023. The forecasted data shows a steady increase in value, with imports projected to grow from $123.61 million in 2024 to $148.65 million in 2028. The compound annual growth rate (CAGR) for this period is expected to be around 4.7%, indicating a consistent upward trend in demand.
The year-on-year growth highlights a stable demand driven by infrastructure development and construction activities.
Future trends to watch:
- Increasing importance of safety standards in construction potentially boosting demand.
- Emerging innovations in safety glass technology may influence market dynamics.
- Potential impact of government policies on import tariffs and duties affecting the cost landscape.