In 2024, the forecasted import value of plaster or compositions based on plaster to India is expected to reach 92.711 million USD. By 2028, this value is projected to increase to 109.8 million USD, with notable year-on-year growth. The compound annual growth rate (CAGR) over this period is expected to reflect a steady increase.
From 2024 to 2028, the imports show a consistent upward trend, reflecting increased demand or market expansion in India for plaster-based products. This growth may be influenced by factors such as construction industry growth, infrastructural developments, and increased urbanization in the region.
Future trends to watch:
- Fluctuations in global plaster prices and their impact on import values.
- Changes in domestic production capacity and government policies on imports.
- Developments in construction technologies that might affect demand.
- Economic conditions influencing import budgets and expenditure.
