The adipic acid market in Germany is projected to decline over the next five years, with values dropping from 535.37 million Euros in 2024 to 483.38 million Euros by 2028. In 2023, the market size was 550 million Euros, indicating a consistent downward trend. Year-on-year, this represents a decrease of approximately 2.51% in 2025, 2.52% in 2026, 2.53% in 2027, and 2.54% in 2028. The compound annual growth rate (CAGR) over the forecast period is approximately -2.47%.
Future trends to watch for include:
- Potential regulatory changes impacting production and environmental standards.
- Evolving automotive and textile industries influencing demand.
- Increased interest in bio-based adipic acid as a sustainable alternative.
- Technological advancements enhancing production efficiency.
