The import of acrylic acid and its salts to the US stood at an estimated 56 million kilograms in 2023. Forecasts from 2024 to 2028 show a gradual increase, with imports rising from 58.352 million kilograms in 2024 to 65.601 million in 2028. This indicates an overall positive year-on-year trend with an anticipated compound annual growth rate (CAGR) of approximately 3% over these five years. Expectation for 2024 is a 4% increase compared to 2023, projecting continued demand growth in subsequent years.
Future trends to monitor include:
- Fluctuations in global supply chain dynamics, which may impact import volumes.
- Potential shifts in regulatory policies affecting chemical imports.
- Technological advancements in production that could alter supply and demand dynamics.
- Economic factors including currency fluctuations that could affect importing costs.
