The import of compound plasticisers for rubber or plastic to India in 2023 stood at approximately 33.745 million USD. The forecast data indicates a steady annual increase in import value, reaching 38.894 million USD by 2028. Year-on-year growth rates display a consistent upward trend, with annual increases of approximately 3% each year. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 3.5%, reflecting gradual yet stable growth in imports.
Future trends to watch for include potential economic changes influencing import demand, technological advancements in alternative materials, and policy shifts that could impact trade. Monitoring global supply chain dynamics and raw material price fluctuations will also be crucial.
