The import of petroleum resins, coumarone, indene, and polyterpenes to Japan is forecasted to increase steadily from 21.068 million kilograms in 2024 to 22.157 million kilograms by 2028. In 2023, these imports were slightly below the 2024 forecast. Year-on-year variations demonstrate a consistent growth trend, indicating a stable demand with annual increases averaging around 1.26%. The Compound Annual Growth Rate (CAGR) over the last five years highlights a firm upward movement, signifying a promising outlook for the market.

Future trends to watch for include:

The impact of global oil prices on resin production costs.
Trends in sustainable and eco-friendly industrial practices potentially affecting resin demand.
Technological advances in resin applications across various sectors, such as automotive and construction.
Japan’s industrial policy changes regarding petrochemical imports and their potential effects on supply chains.