The phenols market in France stood at an actual volume of 26.492 million kilograms in 2023. From 2024 onwards, the forecasted data shows a consistent decline in market size:
- 2024: 24.695 million kilograms, down 6.81% from 2023
- 2025: 22.992 million kilograms, down 6.91% from 2024
- 2026: 21.307 million kilograms, down 7.33% from 2025
- 2027: 19.638 million kilograms, down 7.83% from 2026
- 2028: 17.986 million kilograms, down 8.40% from 2027
The compound annual growth rate (CAGR) from 2024 to 2028 is -6.77%, indicating an average decline of this percentage per year over the five-year period.
Future trends to watch for include potential advancements in alternative materials and regulations aimed at reducing chemical usage, which could further influence the decline in phenol consumption. Additionally, the impact of sustainability initiatives and economic factors could alter market dynamics significantly.
