The output of France's chemicals manufacturing sector showed fluctuations between 2013 and 2023. There was a general decline from 2013 to 2016, with values dropping from 66.07 billion Euros to 62.37 billion Euros. This was followed by a period of recovery with minor fluctuations until 2020 when it hit a low of 60.58 billion Euros due to the global pandemic impacts. Post-2020, the sector experienced a robust recovery, marked by a substantial year-on-year growth of 19.9% in 2021, and an impressive 21.68% in 2022, peaking at 89.96 billion Euros in 2023. The sector grew at an average annual rate (CAGR) of 6.39% over the last five years.
Looking ahead, the industry's forecast shows continued growth with the chemicals manufacturing output expected to reach 97.97 billion Euros by 2028. It is anticipated to grow at an average annual rate (CAGR) of 1.36% over the next five years, indicating a more stable but steady increase in production.
Future trends to watch include advancements in sustainable practices, digitalization in manufacturing, and the evolution of chemical regulations. These factors could significantly influence the sector’s output and global competitiveness.
