The forecast for the UK’s imports of petroleum resins, polyterpenes, and polysulphides from 2024 to 2028 shows a steady annual increase in value from $188.75 million in 2024 to $197.15 million in 2028. The constant growth reflects a modest year-on-year percentage increase. In 2023, imports were at a lower base value, indicating a positive trend over the following years. With the Compound Annual Growth Rate (CAGR) over these five years expected to remain stable, this indicates a consistent demand for these materials.
Future trends to watch include potential disruptions in supply due to geopolitical issues, fluctuations in global oil prices impacting base material costs, and shifts towards eco-friendly and sustainable alternatives, which may influence the market dynamics in this sector.
