The forecast for the import of phenolic resins to the UAE is projected to increase consistently over the five-year period from 2024 to 2028. The year-on-year variations are as follows:
- 2025: 2.19%
- 2026: 2.10%
- 2027: 2.02%
- 2028: 1.93%
The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 2.06%.
Future Trends to Watch
The increasing imports of phenolic resins suggest growth in the UAE's construction and manufacturing sectors, where these resins are commonly used. Future trends to monitor include advancements in resin technology, changes in demand from key industries, and fluctuations in global resin prices which may impact import volumes.
