The hexamethylenediamine, ethylenediamine, and their salts market in Germany experienced a substantial yearly decline, shrinking from 208.25 million kilograms in 2021 to 165.49 million kilograms in 2023. This represents a near 21% cumulative drop within two years, marking a significant contraction. The compound annual growth rate (CAGR) for the five years leading to 2023 was negative 9.64%, indicative of a deeper long-term downward trend post-2013. Forecast data predicts the volume to continue shrinking sharply, reaching as low as 62.551 million kilograms by 2028, reflecting a forecasted five-year CAGR of negative 15.42% and an overall decline of more than 56% through this period.
Future trends to watch for include:
- Potential regulatory frameworks impacting production and use in various industries, such as automotive and textiles.
- Shifts in global supply chains and raw material availability affecting local production scales.
- Technological advancements in the materials and chemicals sector that could alter demand dynamics.
