The forecasted import of asbestos brake linings and pads into the US, expressed in volume, shows a gradual increase from 2024 to 2028. In 2023, the import volume stood at 23.971 million kilograms. The year-on-year variation indicates a steady growth pattern: 0.73% increase from 2024 to 2025, followed by a 0.71% rise from 2025 to 2026, 0.69% from 2026 to 2027, and a 0.66% growth from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period reveals an average annual increase of approximately 0.70%.
Future trends to watch for include:
- Changes in regulatory policies regarding asbestos use, which could impact import volumes.
- Technological advancements in brake linings and pads that could offer substitutes and affect demand.
- The influence of environmental and health-related concerns on consumer preferences and industry standards.