The import of safety glass laminated for non-vehicle use to India in 2023 reached 10.507 million USD, showing year-on-year growth of 3.8%. From 2019 to 2023, the compound annual growth rate (CAGR) stood at 2.21%, suggesting a modest growth trajectory over the past five years. Analyzing the historical data, we observe significant fluctuations with a sharp decline between 2013 and 2016, followed by a phase of recovery and a consistent upward trend post-2017.
Future trends to watch for:
- Continued steady growth, with a forecasted CAGR of 2.75% from 2023 to 2028.
- Expected market expansion with a 14.53% growth rate over the next five years, reaching 12.518 million USD by 2028.
- Potential impacts of regulatory changes and advancements in construction and safety technologies influencing demand.