In 2023, India's isocyanate imports stood at a certain level, and forecasts predict a steady upward trend from 2024 to 2028, starting at $412.74 million in 2024 and potentially reaching $457.55 million by 2028. With the year-on-year growth rate gradually increasing, the expected average growth over this five-year period (CAGR) indicates a consistent rise in import value.

Future trends to watch for:

Potential impacts of global supply chain fluctuations and geopolitical factors on import prices.
Growth in domestic demand driven by the expansion of industries utilizing isocyanates such as automotive and construction.
Any regulatory changes affecting the chemical industry that might influence import dynamics.
Advancements in local production capabilities that might offset some import needs.