The forecast for India's import of phenolic resins shows a steady increase from 2024 to 2028, starting at 30.971 million kilograms in 2024 and reaching 35.579 million kilograms by 2028. As of 2023, the import volume stood at 29.845 million kilograms, indicating a rising trend in demand. The year-on-year increase reflects a consistent upward trajectory, with an average annual growth rate (CAGR) over the five-year period suggesting robust demand in the Indian market.
Looking ahead, potential trends to monitor include advancements in applications for phenolic resins, impacts of environmental regulations, and shifts in global supply chains that could influence import dynamics.
