In 2023, the production of non-cellular plates and strips of phenolic resins in Italy stood at a certain volume. The forecast for 2024 sees this figure rising to 3.396 million kilograms, with a steady year-on-year increase in subsequent years: 7.74% in 2025, 7.12% in 2026, 6.57% in 2027, and 6.11% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) stands at approximately 6.44%.
Future trends to watch for in this market include the impact of sustainability initiatives which might drive innovation in phenolic resin applications, as well as international competition and economic factors that could influence production rates.
