The forecasted sold production of isocyanates in the UK shows a steady year-on-year increase from 2024 to 2028, starting at 7.8984 million kilograms and reaching 8.756 million kilograms by the end of this period. This reflects consistent growth, with projected average annual growth around 2% per year.
In 2023, the actual sold production stood slightly below the 2024 forecast, indicating a positive growth trend beginning in 2024. Recent data suggests an upward trajectory in production volume due to increased demand and technological advancements in the chemical industry.
Future trends to watch include potential supply chain disruptions and changes in environmental regulations which might influence production efficiencies and market dynamics. Monitoring competitive pressures and raw material costs will be critical for anticipating market shifts.
