In 2023, the isocyanates market size volume in Italy stood at 137.89 million kilograms. From 2024 to 2028, a steady linear growth trend is forecasted, with negligible year-on-year percentage increases ranging from 0.11% to 0.13%. Over this five-year period, the compound annual growth rate (CAGR) is anticipated to be around 0.13%, indicating minimal market expansion and highlighting a mature state in market demand.
Future trends to watch for include:
- Sustainable and eco-friendly product development due to increasing regulatory pressure.
- Potential technological advancements improving production efficiency or broadening application sectors.
- Geopolitical and economic factors affecting supply chain dynamics and raw material availability.
- Shifts in consumer demand, particularly in the automotive and construction industries.