Analyzing the import of safety glass to India reveals significant fluctuations and consistent growth over the past decade. In 2023, imports stood at 172.0 million USD, marking a 5.03% increase from the previous year. The last two years saw variations of 5.41% in 2022 and 27.53% in 2021, highlighting recovery from a dip in 2020. The CAGR over the last five years is 4.37%, and forecast data projects continued growth with a projected CAGR of 3.5% for the next five years, anticipating a total growth rate of 18.78% by 2028.
Future trends to watch for:
- Advancements in safety glass technology
- Changes in regulatory standards
- Economic factors affecting construction and automotive industries
- China and other major exporters' market dynamics
