In 2023, the US imported an approximate volume of propylene glycol that aligns with the decreasing trend forecasted from 2024 onwards. The projections indicate a consistent decline in imports from 10.647 million kilograms in 2024 to 9.3402 million kilograms in 2028. The annual decreases represent a year-on-year percentage drop, reflecting a cautious shift in demand or increased domestic production. The compounded annual growth rate (CAGR) over this period is expected to reflect a steady decline.
Future trends to watch for include:
- Potential shifts in global supply chains impacting imports.
- Developments in domestic production capabilities.
- Regulatory changes influencing demand patterns.
- Innovations in alternative materials possibly reducing reliance on propylene glycol.