Reviewing import data from 2013 to 2028, the amino-resins, phenolic resins, and polyurethanes market in Singapore showed significant fluctuations. Notable trends include a 24.46% decline in 2013, followed by a period of growth and decline. However, in recent years (2023 and 2024), the year-on-year increases have stabilized at 2.04% and 1.86%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years to 2023 was 1.58%.
Future Trend Watch: The forecast predicts a steady increase with a forecasted 5-year CAGR of 1.58% by 2028. Factors to monitor include industrial demand changes, raw material price fluctuations, and regulatory impacts on import policies.
