In 2023, the actual sold production of alkyd resins in primary forms in Germany was measured at 298.50 million kilograms. The data from 2024 onward are forecasts, indicating a steady upward trend with year-on-year growth of around 1.84% to 1.61%. By 2028, the production is expected to reach 325.73 million kilograms, which reflects a cumulative average growth rate (CAGR) of approximately 1.73% over five years.
Future trends to watch for in this sector include:
- Technological advancements in production efficiency, potentially influencing output volume.
- Industry shifts towards sustainable and eco-friendly resins, impacting demand and market dynamics.
- Regulatory developments within the EU that might affect production capabilities and raw material availability.
- Global supply chain fluctuations that could impact raw material costs and production logistics.