As of 2023, the actual import of unsaturated polyesters to India stood at approximately 50 million kilograms. The forecasted data anticipates a steady increase in imports, reaching 56.331 million kilograms by 2028. The year-on-year growth from 2024 to 2028 suggests a relatively stable upward trend with an average annual compound growth rate (CAGR) of around 1.8% over the five-year period. This growth reflects a consistent rising demand for unsaturated polyesters in India, likely driven by factors such as increasing industrial applications and the expanding end-user market.
Future trends to watch for include:
- Potential impact of regulatory changes in chemical imports and environmental standards.
- Influence of technological advancements in polyester production on import needs.
- Fluctuations in global polyester supply chains and material costs.
- Growing domestic production capabilities that might affect import volumes.
