In 2023, India's import of petroleum resins, coumarone, indene, and polyterpenes was recorded at a significant level, forming the basis for the forecast analysis. From 2024 to 2028, the import volume shows an increasing trend, growing from 48.449 million kilograms to 56.45 million kilograms. This indicates a consistent year-on-year growth ranging around 4-5%. Consequently, the compound annual growth rate (CAGR) over this five-year forecast period is projected to reflect persistent growth in demand for these materials.
Future trends to watch for include potential influences from India's economic growth, technological advances in related industries, and policy changes affecting importation. Additionally, shifts in global supply chains and prices could impact these forecasts, necessitating continuous monitoring of market conditions. Sustainability initiatives may also play a crucial role in shaping demand patterns for these resins and related compounds.
