The import of Terephthalic Acid to India is forecasted to rise steadily from 2024 to 2028, showing a consistent year-on-year increase in value. In 2023, actual imports stood at an undisclosed value, while forecasts indicate a gradual growth to 498.36 million USD by 2028 from 490.71 million USD in 2024. This reflects a modest upward CAGR over the five-year forecast period. However, specific annual growth rates for the years prior to 2024 are not provided.
Future trends to watch for include:
- Potential shifts in global supply chains that may affect import prices and volumes.
- India's domestic production capabilities and capacity expansions which may impact import requirements.
- Changes in environmental policies and regulations influencing demand for sustainable materials.