Based on the provided data for 2024, Niger leads with the highest chemicals manufacturing value added, followed by Mauritius and Qatar. Significant growth is noted in countries like Cyprus, the United Kingdom, and Latvia, indicating robust advancements in their chemical manufacturing sectors. Conversely, Kuwait, Ecuador, and Romania experienced notable declines, highlighting potential challenges in their chemical industries. On a year-on-year basis, several European countries such as Germany, France, and Sweden showed positive growth trends, whereas countries like Finland, Mexico, and Poland showed negative variations indicating potential market corrections or economic challenges in the sector.
Future trends to watch in the global chemicals manufacturing sector include the ongoing transition towards more sustainable and eco-friendly chemical production, driven by stringent environmental regulations and changing consumer preferences. Digital transformation and Industry 4.0 technologies are also likely to play a crucial role in enhancing manufacturing efficiency and innovation across the globe. Observing the geopolitical landscape and its impact on supply chains will be critical as well.
Top countries in Chemicals Manufacturing Value Added by Country
| # | 10 Countries | Percent of Manufacturing Value Added | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Niger | 107.45 | 2023 | +1.03% | -0.32% | View data |
| 2 | 2 Mauritius | 85.67 | 2023 | -2.02% | -2.08% | View data |
| 3 | 3 Qatar | 58.49 | 2023 | +5.13% | +0.65% | View data |
| 4 | 4 Oman | 40.59 | 2023 | +2.73% | +1.74% | View data |
| 5 | 5 Belgium | 36.16 | 2023 | +1.13% | +2.28% | View data |
| 6 | 6 Switzerland | 35.84 | 2021 | +5.14% | +4.97% | View data |
| 7 | 7 Denmark | 29.97 | 2023 | +1.9% | +3.05% | View data |
| 8 | 8 Saudi Arabia | 27.74 | 2023 | -1.14% | -0.83% | View data |
| 9 | 9 Iran | 27.53 | 2023 | +1.29% | +1.45% | View data |
| 10 | 10 Kuwait | 23.51 | 2023 | +1.44% | -5.63% | View data |
