In 2023, Italy's production of urea and thiourea resins in primary forms stood at 180 million kg. From 2024 to 2028, a pronounced decline is forecasted, with production falling from 159.47 to 6.5787 million kg. Year-on-year, the production is expected to plummet by approximately 24% annually over this period, indicating a continuous contraction. This significant decrease reflects broader industry trends and shifting market demand.
Future trends to watch for include:
- Potential shifts towards sustainable materials that could further impact resin demand.
- Innovation or regulatory changes in the chemical and manufacturing sectors.
- Global market dynamics and trade policies that might alter production forecasts.