In 2023, the import of synthetic organic products used as luminophores to India stood at an actual value of $7.8 million USD. This figure is projected to decline steadily from 2024 to 2028, with expected values of $7.3721 million in 2024 and decreasing to $5.6177 million by 2028. The year-on-year variations show a negative trend with imports decreasing by approximately 6.13% annually on average from 2024 to 2028.
Future trends to watch for include potential advancements in local manufacturing capabilities that could further reduce import demands, as well as changes in government policies promoting domestic industry or fluctuations in global luminophore demand and pricing that could impact these projections.
