In 2023, the import value of azelaic and sebacic acids to the US was recorded at 68.0 million USD. As of 2024, the forecast predicts a rising trend, with import values reaching 70.225 million USD, showing a steady year-on-year increase. The trend continues upwards, with projections of 72.961 million USD in 2025, 75.642 million USD in 2026, 78.27 million USD in 2027, and 80.845 million USD in 2028. This results in a compound annual growth rate (CAGR) of approximately 3.5% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in demand from key industries such as cosmetics and lubricants, which could impact import volumes.
- Regulatory changes affecting chemical imports and their environmental impact.
- Global market dynamics, including raw material availability and geopolitical influences that might affect supply chains.