The asbestos market size value per capita in India is forecasted to steadily decline from 2024 to 2028. In 2023, the market value stood at 0.57 USD per capita. The year-on-year variation for 2024 shows a slight decline of approximately 1.75%. This downward trend continues through 2025 with a further decrease of around 1.79%, followed by consistent reductions of 1.82% in 2026 and 2027, and stabilizing in 2028 with no significant change.
For the entire forecast period, the Compound Annual Growth Rate (CAGR) illustrates an average annual decline of roughly 1.76% from 2024 to 2028.
Future trends to watch for include the potential impact of stricter environmental regulations and the growing adoption of asbestos alternatives. These factors are likely to further reduce asbestos utilization, impacting market size values per capita.
