The import of aluminium hydroxide to India is projected to increase steadily from 2024 to 2028, with values rising from $29.304 million in 2024 to $34.027 million in 2028. This indicates a compound annual growth rate (CAGR) considering forecast data, reflective of consistent growth in this sector.
In 2023, imports stood at $28 million, suggesting a healthy upward trend in the demand for aluminium hydroxide in India. The year-on-year increase progresses from 4.15% in 2024 to an anticipated 3.48% in 2028, showcasing steady market expansion.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on import values.
- Technological innovations affecting usage rates of aluminium hydroxide in various industries.
- Government policies influencing import tariffs and trade regulations.