In the forecast period from 2024 to 2028, the import of synthetic organic products used as luminophores to the US is expected to show a consistent declining trend. The imports are projected to decrease from 673.27 thousand kilograms in 2024 to 621.76 thousand kilograms by 2028. This declining trend indicates a 7.66% decrease over the five-year period, with the volume diminishing each year. The year-on-year decrease remains steady, emphasizing reduced demand or increased sourcing efficiency resulting in lower import volumes annually.
Future trends to watch for include:
- Technological advancements in synthetic organic luminophores that might influence local production capabilities.
- Potential regulatory changes impacting the importation of these materials.
- Emerging sustainable alternatives that could reduce the demand for synthetic versions.