The forecast for the import of amino-resins, phenolic resins, and polyurethanes to India from 2024 to 2028 shows a consistent upward trend. The expected import value was $899.94 million in 2024, incrementally rising to $1065.1 million by 2028. In comparison, in 2023, the import value stood at approximately $859.0 million. The year-on-year growth rates illustrate steady increases, with an average annual growth rate (CAGR) over the forecasted period being robust, indicating consistent demand and market expansion.
Key trends to watch for include technological advancements in resin applications, potential shifts in regulatory environments, and fluctuations in global supply chain dynamics, which could influence both demand and pricing structures in the Indian market.
