The turnover in Chemical Products in Belgium is forecasted to grow steadily from 15.29 billion euros in 2024 to 16.34 billion euros in 2028, which constitutes an increase of approximately 6.86%. The year-on-year variations show a consistent upward trend with an average annual increase of around 1.71%. It’s noteworthy to mention that in 2023, the turnover stood at 15.03 billion euros.
Key points:
- From 2024 to 2025, the turnover is forecasted to grow by 1.77%.
- From 2025 to 2026, the turnover shows a year-on-year growth of 1.67%.
- From 2026 to 2027, the turnover is expected to grow by 1.64%.
- From 2027 to 2028, the projected increase is 1.62%.
- Compound Annual Growth Rate (CAGR) over the last 5 years is approximately 1.69%.
Future trends to watch for include the impact of environmental regulations on chemical production costs, innovations in sustainable chemical processes, and shifts in global economic conditions that could affect demand and supply chains.
