The forecast for the import of adipic acid to the UK shows a steady increase from 2024 to 2028. In 2023, the imports stood at a certain base volume, and projections indicate a rise from 15.629 million kilograms in 2024 to 16.315 million kilograms by 2028. This upward trend reflects a consistent year-on-year growth, showcasing the strengthening demand for adipic acid in the UK. The annual growth rate from 2024 to 2028 is indicative of a stable CAGR over the five-year period, underlining a robust period of expansion for adipic acid imports.
Future trends to watch for include:
- Potential impacts of sustainability initiatives on adipic acid demand.
- Market adaptations in response to economic fluctuations and trade policies.
- Technological advancements in adipic acid production and applications.