In 2023, the import volume of exfoliated vermiculite, foamed slag, and expanded mineral to the US was approximately 19.7 million kilograms. From 2024 onwards, the forecast shows a steady increase in import volumes. Specifically, the year-on-year growth for 2024 to 2025 is 3.27%, from 2025 to 2026 is 3.10%, from 2026 to 2027 is 2.95%, and from 2027 to 2028 is 2.81%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is anticipated at about 2.95%.
Future trends to watch for include: - Potential impact of domestic production capacity on imports.- Changes in industry demand driven by environmental regulations promoting mineral-based products.- Market dynamics influenced by global supply chain disruptions.
