The import of epoxides, epoxy-alcohols, -phenols, and -ethers to India is projected to grow consistently over the forthcoming years. In 2023, the imports stood at 23.1 million US dollars. Based on the forecast, a steady year-on-year increase is anticipated for 2024 through 2028, with predicted annual import values rising from 24.249 to 28.602 million US dollars. This indicates a compound annual growth rate (CAGR) of approximately 4.2% over the five-year forecast period, implying a stable growth trajectory in demand for these chemicals in India.
Future trends to watch for include:
- Growing industrial applications of epoxides and related chemicals, driven by developments in sectors like automotive, electronics, and construction.
- Potential impact of regulatory changes on chemical imports and usage standards.
- Fluctuations in the global market or raw material prices that may affect import volumes and costs.