The import of phenolic resins to Japan is forecasted to steadily increase from 15.876 million kg in 2024 to 16.001 million kg in 2028. In 2023, the import value stood at 15.844 million kg. The year-on-year variation shows minimal changes: 0.2% from 2024 to 2025, 0.2% from 2025 to 2026, 0.19% from 2026 to 2027, and 0.19% from 2027 to 2028. The CAGR over the last five years projects an average annual growth rate of 0.2%.
Future trends to watch for include:
- Global supply chain dynamics affecting raw material availability.
- Technological advancements in resin production impacting import volumes.
- Changes in regulatory policies influencing demand for phenolic resins.
- Evolving market requirements and consumer preferences.