The forecast for the import of urea resins and thiourea resins to India indicates a gradual increase from USD 4.9099 million in 2024 to USD 5.148 million by 2028. In comparison to the data available from 2023, the year-on-year increase from 2023 to 2024 and the subsequent years demonstrates a steady growth in the demand for these resins in India. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 reflects a consistent and moderate rise in import value. This suggests a stable upward trend, likely driven by increasing industrial demand and applications of these resins in various sectors.
Future trends to watch include technological advancements in resin production that could impact import needs, shifts in regulatory policies regarding chemical imports, and the impact of global trade dynamics. Additionally, increasing local production capacities might affect import values, presenting a potential change in the overall growth trajectory for urea and thiourea resins imports.
