In 2023, the import of anti-knock preparations (excluding lead compounds) to India stood at an actual value of 2.1 million kilograms. From 2024 onwards, a consistent decrease is forecasted, with volumes falling from 2.0761 in 2024 to 1.8101 million kilograms by 2028. This represents a decline of approximately 3.3% year-on-year over this period. The compound annual growth rate (CAGR) indicates a reduction of about 3% annually over the five-year forecast period.
Future trends to watch include potential market shifts due to alternative fuel adoption and changes in regulatory standards mandating cleaner and more efficient additives. Additionally, economic variables affecting import costs and the automotive industry's evolution in India could significantly influence demand patterns.
