In 2023, India's import of hydrogen peroxide was significantly lower than the forecasted 109.07 million kilograms for 2024. The data projects a steady increase in imports with annual growth rates approximately between 4-5% each year. The forecasted values for 2025 and 2026 show an increase to 113.81 million kilograms and 118.44 million kilograms respectively, reflecting consistent demand. Continuing this trend, by 2028, the import is expected to reach 127.44 million kilograms. This indicates a compound annual growth rate (CAGR) of around 4% over the five-year forecast period.
Future trends to watch for include technological advancements in domestic production potentially impacting import needs, government policies influencing chemical imports, and shifts in industrial demand, especially in sectors like healthcare and manufacturing, which widely use hydrogen peroxide.
