The forecast for the UK's production of wood tar and related products suggests a steady increase from 2024 to 2028, with marginal growth observed in year-on-year values. The year 2023 saw production at 68.63 thousand kilograms, maintaining the baseline for subsequent forecasts.
Year-on-year variation between 2024 and 2025 shows no change, while from 2025 to 2026, a slight increase of 0.01%, followed by consistent growth of similar magnitude until 2028. The Compound Annual Growth Rate (CAGR) over these five years remains modest, indicating stable demand and production.
Future trends to watch for include:
- The impact of regulatory changes concerning environmental guidelines on production.
- The growth in demand for sustainable and bio-based materials potentially influencing production volumes.
- Technological advancements in production efficiency and the emergence of alternative materials.
