The Chemical Gross Value Added per Employee (FTE) in the UK is projected to witness marginal growth, with forecasts indicating values of 114.1 thousand euros in 2024 to 115.1 thousand euros by 2028. This translates to a year-on-year growth rate of approximately 0.2%–0.3%. The Compound Annual Growth Rate (CAGR) over the five-year period is expected to remain consistent at around 0.2%. As of 2023, the GVA per employee stood at approximately 114.0 thousand euros.
Future trends to watch for:
- Technological advancements that could enhance productivity and efficiency in the chemical industry.
- Potential impacts of economic and regulatory changes post-Brexit on the sector's growth.
- Shifts towards sustainability and green chemistry that might influence production processes and added value.
- Global market dynamics, such as supply chain adjustments and international trade agreements, affecting the sector.