The forecast for Canada's import of alkyd resins shows a steady increase from 2024 through 2028. Compared to 2023, where imports amounted to 13.19 million kilograms, there is a consistent annual growth, with year-on-year increases averaging around 0.5-0.7%. The compound annual growth rate (CAGR) over the five-year forecast period indicates a modest but stable upward trend in the demand for alkyd resins.
Future trends to watch for include:
- Potential changes in global trade policies impacting resin imports.
- Technological advancements in coating and resin alternatives.
- Environmental regulations affecting production and usage of alkyd resins.
- Fluctuations in construction and manufacturing sectors influencing demand.
