The import of adipic acid to Italy is projected to grow steadily from 2024 through 2028. In 2023, the value stood at [missing 2023 value] million US dollars. The year-on-year increase suggests a gradual rise in demand, with a consistent upward trajectory. The compound annual growth rate (CAGR) over the forecasted five-year period is expected to reflect moderate growth, highlighting persistent market demand and potential increases in industrial applications or usage across sectors.
Future trends to watch for include:
- Changes in global trade policies affecting chemical imports.
- Shifts in the automotive and textile industries, major consumers of adipic acid.
- Developments in sustainable production methods potentially influencing supply dynamics.
- The impact of economic conditions on industrial demand within key sectors.