The production value of chemical, rubber, plastics, fuel products, and other non-metallic mineral products in Italy is forecasted to rise from €211.09 billion in 2024 to €216.03 billion by 2028, indicating a steady upward trend. Assuming 2023 data shows a level slightly below €211.09 billion, the sector is experiencing ongoing growth. Year-on-year variations suggest a consistent, modest increase of approximately 0.6% to 0.7%, reflecting industry stability. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 is expected to be around 0.7%, demonstrating a persistent, albeit moderate, expansion.
Future trends to watch include technological advancements in production processes, increased demand for sustainable and eco-friendly materials, and the impact of global trade dynamics on the Italian manufacturing industry.
