The forecast for Japan's import of glass frit and other glass (in powder, granules, flakes) shows an upward trajectory from 2024 to 2028. In 2023, imports were recorded at 18.71 million kilograms. From 2024 to 2028, there is a consistent increase, with an average year-on-year growth rate of approximately 2.8%. This steady rise suggests a compounded annual growth rate (CAGR) of about 3.5% over the five-year period.
Future trends to watch for:
- Increased demand for advanced glass powders in technology and electronics.
- Potential impact of environmental regulations on production and imports.
- Global economic conditions influencing raw material sourcing and pricing.
