In 2023, the import of slag wool, rock wool, and similar mineral wools to India stood at 2.94 million kilograms. The forecasted data from 2024 to 2028 shows a downward trend, with import volumes steadily decreasing each year. The year-on-year change from 2024 to 2025 is a reduction of 1.77%, followed by decreases of 1.77%, 1.78%, and 1.76% in the subsequent years. The compound annual growth rate (CAGR) over this five-year period is approximately -1.74%, indicating a consistent decline in imports.
Future trends to watch for include:
- The impact of local manufacturing capabilities on import needs.
- Potential shifts in regulatory or environmental policies affecting demand.
- Innovations in insulation materials that might reduce reliance on mineral wools.