From 2012 to 2022, the trend shows a general increase in market volume with some fluctuations. Key variations include a notable dip in 2013 (-4.27%) and a significant spike in 2014 (13.23%). Over the last five years, the Compound Annual Growth Rate (CAGR) shows a positive trend, culminating at 1.37% in 2022. Year-on-year analysis of the last two years reveals a stable growth pattern with an increase of 0.13% in 2021, and 0.85% in 2022, reflecting gradual market recovery or stabilization.
Future trends to watch for include the impacts of sustainability initiatives, advancements in industrial applications, and potential disruptions from economic or regulatory changes. Continued monitoring of technological innovations and shifts in demand will be crucial for strategic planning.
