The forecasted import of pigments, opacifiers, and colors for ceramics and glass to India from 2024 to 2028 shows a steady increase in volume, from 26.363 million kilograms in 2024 to 31.01 million kilograms by 2028. This growth represents an average annual compound growth rate (CAGR) of approximately 4.14% as India continues to expand its construction and manufacturing sectors, thereby necessitating more raw materials for production.
In 2023, the actual import volume stood at a lower level, highlighting a positive trend in the demand for these products.
Future trends to watch for include:
- Increasing urbanization driving demand in the building and construction sector.
- Government policy changes affecting import duties and tariffs.
- Technological advancements in domestic production that may reduce reliance on imports.