The import of alkyd resins to the US is projected to increase steadily over the next five years, from $40.962 million in 2024 to $46.688 million in 2028. Given that the actual imports stood at $39.5 million in 2023, this forecast reveals a consistent year-on-year growth ranging from approximately 3.6% to 3.8%. The five-year compound annual growth rate (CAGR) is expected to be around 3.6%, indicating a robust trend of increasing demand or usage of these materials.
Future trends to monitor include:
- Shifts in industrial regulations affecting the import and use of alkyd resins.
- Technological advancements leading to alternative materials affecting demand.
- Global supply chain dynamics impacting import prices and availability.
