The import of alkyd resins to India is predicted to rise steadily from 2.2579 million kilograms in 2024 to 2.6475 million kilograms by 2028. This reflects a consistent year-on-year growth driven by demand in industries like coatings and construction. By 2028, there would have been a progressive increase across the forecasted years. In 2023, the import volume stood at 2.1575 million kilograms, indicating a strong growth outlook beginning from this baseline.
Future trends to watch for include:
- Economic shifts within India's construction and manufacturing sectors affecting resin demand.
- Technological advancements in resin formulations that could drive import variations.
- Trade policy adjustments influencing the import dynamics.