In 2023, the German market for Phthalic Anhydride, Terephthalic Acid, and Its Salts was valued slightly above 561 million Euros. The forecasted data from 2024 to 2028 indicates a gradual decline in market value, decreasing from 560.96 million Euros to 558.8 million Euros by 2028. This steady reduction can be observed with minor year-on-year decreases, mirroring a trend of marginal market contraction. The five-year compound annual growth rate (CAGR) reflects this subtle decline overall.

Future trends to watch for include:

The impact of sustainability initiatives on the production and use of phthalic anhydride and terephthalic acid, potentially pushing the market towards greener alternatives.
Technological advancements that might enhance efficiency, potentially affecting demand dynamics.
Regulatory changes in Germany and the EU that could influence production costs and market preferences.
Market shifts driven by evolving consumer preferences and industrial applications.