In 2023, the import of prepared binders for foundry moulds or cores to Italy stood at approximately 45 million kilograms. The forecast data from 2024 to 2028 shows a steady growth, with values expected to increase from 46.251 million kilograms to 51.745 million kilograms. This indicates a year-on-year growth of about 3% to 3.5% each year. The compound annual growth rate (CAGR) for this five-year period reflects a consistent upward trajectory in the import volume.
Future trends to watch for include:
- Technological advancements in foundry practices that could influence demand for specialized binders.
- Shifts in global supply chains and trade policies that might impact import patterns.
- Environmental regulations that may affect the compositions and usage of these binders in industrial processes.