The import of Isocyanates to India is anticipated to increase steadily from 2024 to 2028, rising from 115.55 million kilograms to 120.84 million kilograms. This consistent growth demonstrates a compounded annual growth rate (CAGR) over the period. In 2023, the actual import value stood slightly lower than 115.55 million kilograms, highlighting the upward trajectory in the forecasted years.
Year-on-year analysis indicates a gradual increase, reflecting strong demand and potential economic expansion influencing the industrial sectors utilizing isocyanates.
Future trends to watch for include advancements in manufacturing technologies, environmental regulations impacting import levels, and shifts in the global supply chain dynamics. Monitoring these factors will be essential for strategic planning and decision-making.
