The forecasted import values for asbestos friction materials and articles to the US are gradually increasing from 2024 to 2028, starting at $196.83 million in 2024 and reaching $200.61 million by 2028. As of 2023, the import value was slightly lower than the 2024 forecast, indicating a steady growth trend. The year-on-year increases suggest a modest yet consistent rise, with an average annual growth rate (CAGR) being in the low percentage range over these forecasted years.
Future trends to watch for include regulatory changes that could impact import levels, as well as technological advancements that may reduce reliance on asbestos materials. Additionally, shifts in global supply chains and environmental considerations will likely influence future import patterns.
