The Basic Chemicals sector in Germany saw a fluctuating trend between 2013 and 2023. In 2023, the number of employees stood at 155.33 thousand. While there were notable declines in some years, such as 2015 and 2016, the sector experienced significant rebounds, especially from 2017 onwards. Over the last two years, the sector showed modest year-on-year growth with 2.46% in 2023. Average variation per year (CAGR) over the last five years stood at 1.43%, indicating steady but moderate growth.
Future trends to watch for include technological advancements, regulatory changes, and shifts towards sustainable practices. The forecast indicates a continued upward trend, with a forecasted 5-year CAGR of 1.75% and an overall growth rate of 9.05% by 2028.