In 2023, India's import of carbides was approximately 1.406 million kilograms. Forecasted data indicates a steady year-on-year growth: 2024 sees a 2.69% increase, 2025 a 2.77% rise, 2026 another 2.64% increase, 2027 a 2.52% growth, and finally, 2028 realizes a further 2.41% growth. This results in a compound annual growth rate (CAGR) of around 2.61% from 2024 to 2028.
Future trends to watch for include the impact of technological advancements in carbide applications, changes in industrial demand, especially in automotive and construction sectors, and potential fluctuations in global carbide pricing or supply chain disruptions.
