The polyurethanes market in Germany experienced fluctuating growth over the past decade. Between 2013 and 2023, the market exhibited both positive and negative year-on-year variations. Recent years indicate a slight downward trend, with a 0.2% decline in 2023, standing at a value of 1.6708 billion euros.
Key Trends:
- Long-term trend: From 2013 to 2023, the market showed variances where growth and declines balanced each other out without a clear, consistent upward or downward trend.
- Recent years: The market has faced small declines in the last two years, with a year-on-year drop of 2.99% in 2022 and a further 0.2% decrease in 2023.
- 5-year CAGR: From 2019 to 2023, the market had an average annual decrease of 1.17%, indicating a slight contraction.
Future Trends to Watch For:
Forecasts suggest continued modest declines, with a forecasted 5-year CAGR of -0.15% and an overall shrinkage of approximately 0.77% by 2028. Key influencing factors could include evolving industry demands, regulatory changes, advancements in alternative materials, and economic conditions.
