The import of plaster board not ornamental, paper reinforced to India is set to show a steady increase from 2024 onwards. The forecast data indicates a continuous rise in import volumes from 282.12 million kilograms in 2024 to 337.47 million kilograms by 2028. This trend suggests a compounded annual growth rate (CAGR) as demand and import volumes expand year by year.
Key future trends to watch for include:
- Potential increase in domestic demand driven by construction and infrastructure projects.
- Policy changes or trade agreements that may impact import tariffs or costs.
- Technological advancements in manufacturing that influence production efficiency or cost.
- Environmental and sustainability trends that could affect material preferences.