The forecasted import of isocyanates to the US shows a consistent upward trend from 2024 to 2028. In 2023, the actual import volume would be needed to establish a baseline for comparison. The projections indicate year-on-year growth as follows: 2025 anticipates approximately 3.87% growth over 2024, 2026 is expected to increase by 3.64% over 2025, 2027 predicts a 3.45% rise over 2026, and 2028 forecasts a 3.27% increase over 2027. The 5-year compound annual growth rate (CAGR) is implied by this upward trajectory, showcasing a stable demand increase for isocyanates in the US market.
Future trends to watch for include:
- Potential impacts of regulatory changes on the chemical industry affecting isocyanate import volumes.
- Innovations in alternative, eco-friendly materials potentially challenging isocyanate demand.
- Global supply chain dynamics, which may influence isocyanate availability and pricing.
- Economic factors affecting industrial production and sectors utilizing isocyanates.
