The UK is projected to see a steady increase in the import of plaster or compositions based on plaster from 2024 to 2028, starting at $81.0 million in 2024 and reaching $91.148 million by 2028. This represents a gradual upward trend in value. In 2023, the import value stood at $78.5 million, marking a consistent year-on-year growth. From 2023 to 2028, imports are expected to grow annually by an average of around 3.13% (CAGR), indicating a robust demand in the market for plaster products.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly building materials could impact the composition and types of plaster imported.
- Potential market disruptions due to geopolitical tensions or changes in trade policies and regulations post-Brexit.
- Advancements in construction technology may alter the demand dynamics for traditional plaster products.