In 2023, the sold production of phenolic resins in primary forms in Italy stood at 72.3 million kilograms. The forecasted data indicates a decreasing trend from 2024 to 2028, starting with 68.05 million kilograms in 2024 and dropping to 51.93 million kilograms in 2028.
Year-on-year variations in percentage are as follows:
- 2024: -5.88%
- 2025: -6.0%
- 2026: -6.30%
- 2027: -6.69%
- 2028: -7.10%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -6.28%.
Future trends to watch for include potential technological advancements, changing market demands due to the shift towards sustainable materials, and regulatory changes impacting production practices. Monitoring developments in these areas could provide insights into further fluctuations or stabilization of phenolic resin production volumes.