Year-on-Year Variations:
- 2024: $46.086M
- 2025: $46.887M (1.74% increase)
- 2026: $47.672M (1.68% increase)
- 2027: $48.441M (1.61% increase)
- 2028: $49.195M (1.56% increase)
The average Compound Annual Growth Rate (CAGR) over the forecasted period is approximately 1.65%.
Future trends to watch include potential regulatory changes impacting chemical imports, fluctuations in global demand and prices, and India's domestic production capacity which could affect import dependence.
