Cyprus Chemical Industry Outlook 2022 - 2026

Key Market Indicators

Cypriot chemicals manufacturing production is forecast to decrease slightly in the next five years. It is expected to reach €57.62 million by 2026, down 0.6% from 2021. Since 2000, the output of chemicals in Cyprus has grown 1.6% year on year. As of 2021, the country was ranked 17th worldwide, just behind Latvia at €58.71 million. France, Italy, and the Netherlands followed in second, third, and fourth place, respectively. The share of chemicals manufacturing in the total manufacturing value added in Cyprus is expected to rise 1.6 percentage points to 14.84% by 2026. Since 1968, this market has grown 1.8 percentage points year on year.

Cyprus Chemical Market Data and Forecasts

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• Polymer Industry: Unveiling the Future of Styrene Butadiene Market Dynamics

  Increasing environmental concerns and burgeoning regulatory frameworks are creating a shift in the styrene butadiene industry. The focus has moved towards developing eco-friendly and high-performance products. With central uses in automobiles, packaging and building materials, this evolution is being largely driven by changes in consumer trends and regulatory norms in...

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• Chemical Industry: Navigating Opportunities and Challenges in the Propylene Oxide Market

  Opportunities in the propylene oxide market are primarily driven by rising global demand, particularly in sectors such as polyurethanes, propylene glycol and glycol ethers. Propylene oxide is a critical raw material in the production of these chemicals which have extensive industrial and consumer applications. Growing economies, rising industrialization and increasing...

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• Fertilizer Industry Spotlight: Future Trends and Insights in Diammonium Hydrogen Phosphate Market

  The global diammonium hydrogen phosphate (DAP) sector is facing a period of considerable change, shaped by a combination of market dynamics and shifting patterns of consumption. While traditional demand sectors like agriculture continue to dominate, there is a growing interest in DAP as a potential solution to soil nutrient deficiencies....

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• Alkalies & Chlorine: Decoding Market Trends, Products, and Competitive Landscapes

  Current analyses indicate a steady growth trajectory for the alkalies and chlorine market, spurred by increased global demand in various industrial applications. Specific sectors showing significant demand include water treatment, pharmaceuticals, and pulp and paper manufacturing. However, sustainability and environmental concerns pose significant challenges, with growing pressure for manufacturers to...

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• Agrochemical Export Landscape: A Comprehensive Study of Pesticide Markets

  The escalating need for pesticides is prominently driven by the expanding global population, which consequently results in increasing food demand. Relentless climatic challenges and the persistence of pest-related issues constitute additional factors boosting the global pesticide market, inevitably impacting the export scenario of agrochemicals. Despite the pressures for a more...

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