In 2023, the sold production of acrylic acid and its salts in Germany amounted to 239.5 million Euros. From 2024 to 2028, forecasted data shows a consistent downward trend. The year-on-year variation is approximately -4.4% for 2025, -4.6% for 2026, -4.7% for 2027, and -4.9% for 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at around -4.6%, indicating a steady decline across the forecasted years.
Future trends to watch for include:
- The potential impact of evolving environmental regulations on production costs and demand.
- Technological advancements that could enhance production efficiency.
- Market shifts due to global supply chain adjustments and competition.
- Development of substitutes or innovations that could alter demand dynamics.
