The forecasted imports of amino-resins, phenolic resins, and polyurethanes to the US show a steady upward trend from 2024 to 2028. Starting at $1.3133 billion in 2024, the imports are expected to rise to $1.493 billion by 2028. This represents an annual growth rate, a compound annual growth rate (CAGR), of approximately 3.27% over the five-year forecast period from a 2023 baseline.
Key future trends to watch for include:
- Increasing demand in construction and automotive sectors, driving up resin imports.
- The impact of environmental regulations pushing for sustainable production methods.
- Technological advancements in resin applications potentially influencing import volumes.