In 2023, the value added of chemical, rubber, plastics, fuel products, and other non-metallic mineral products in Japan stood at approximately 27.87 trillion yen. From this base, the forecast data from 2024 to 2028 shows a steady increase, suggesting positive growth in Japan's industry.
Year-on-year growth is projected as:
- 2024: 0.89%
- 2025: 0.88%
- 2026: 0.86%
- 2027: 0.84%
- 2028: 0.81%
The compound annual growth rate (CAGR) for 2024-2028 is anticipated to be around 0.85%, indicating gradual yet consistent development.
Future trends to watch for include advancements in chemical processing technologies, shifts in global oil prices impacting fuel products, and emphasis on sustainable materials that could enhance sectoral growth further.
