In 2023, the re-import of asbestos friction material articles to China excluding brake materials stood at a certain volume. The forecast indicates a steady increase from 25.04 thousand kilograms in 2024 to 30.37 thousand kilograms by 2028. This represents a compounded annual growth rate (CAGR) over the forecast period, showcasing consistent demand or need for these materials.
Year-on-year, the volume is projected to increase progressively, reflecting positive growth rates. Such a trend suggests a stable market with potentially increasing industrial requirements or declining domestic production.
Future trends to watch for include regulatory changes in environmental and health standards, which could impact the re-import dynamics, technological advancements offering alternative materials, and shifts in industrial demand that might affect the market.
