In 2023, the import of methacrylic acid and its salts to China stood at 11.989 million kilograms. The forecast data from 2024 to 2028 shows a steady increase in imports from 12.086 million kilograms in 2024 to 12.467 million kilograms in 2028, suggesting a consistent annual growth trend. This indicates a moderately increasing demand in China for this chemical, with a forecasted CAGR of approximately 0.98% over the next five years. The year-on-year percentage variation from 2024 to 2028 reflects a stable growth trend, highlighting a gradual, yet sustainable increase.
Future trends to watch for include:
- Possible shifts in China's industrial or regulatory landscape that could affect demand for methacrylic acid and its salts.
- Changes in global supply chain dynamics, which might influence China's import strategies.
- Technological advancements in applications using methacrylic acid that could enhance demand.
