In 2023, the sold production of adipic acid in Germany stood at approximately 265 million kilograms. Forecasts from 2024 to 2028 indicate a steady growth in production volume, increasing from 266.0 million kilograms in 2024 to 269.65 million kilograms in 2028.
Year-on-year variations during this period show a consistent, albeit modest, upward trend, signifying a stable market environment. The average compound annual growth rate (CAGR) over the five-year forecast period is around 0.34%.
Future trends to watch for include potential shifts in global demand for eco-friendly materials, which could influence adipic acid markets. Additionally, developments in renewable production methods may impact production costs and capacities in Germany's adipic acid industry.
-Stable growth observed from 2024 to 2028.
-Consistent year-on-year increase in adipic acid production.
-Potential impact of eco-friendly material trends on future demand.
-Developments in renewable production methods may alter industry dynamics.
