The sold production of diols, polyalcohols, and cyclical alcohols in the UK saw significant fluctuations over the past decade. Between 2013 and 2023, the volume peaked in 2018, followed by a variable trend demonstrating both declines and rebounds. By 2023, the volume stood at approximately 11.748 million kilograms, representing a 4.68% increase from 2022. The compound annual growth rate (CAGR) over the last five years has been a modest 1.31%. Moving forward, a steady growth is forecasted, with a projected CAGR of 3.03% from 2024 to 2028, anticipating a volume of 14.228 million kilograms by 2028.
Future trends to watch for:
- Ongoing innovation in chemical synthesis and production efficiencies.
- The impact of regulatory changes on chemical production industries.
- Market demand shifts due to emerging applications in various industries.
- Economic factors influencing industrial production and export-import balances.
