Canada's imports of methacrylic acid and its salts are forecasted to increase steadily from 2024 to 2028. Starting at 5.4361 million kilograms in 2024, the projections show a growth to 6.1124 million kilograms by 2028. The compound annual growth rate (CAGR) over this period is consistent, with an approximate annual increase of around 3%. This upward trend indicates a growing demand or application for methacrylic acid in Canada's market.
In 2023, the import volume stood at 5.26 million kilograms, providing a baseline for future forecasts.
Future trends to monitor include:
- Innovations in manufacturing that may impact methacrylic acid consumption.
- Potential changes in trade policies affecting import costs.
- Developments in global methacrylic acid supply and demand dynamics.
