In 2024, Germany continues to dominate the European chemicals manufacturing sector with a significant value-added share of 57.89 million euros. The Netherlands, Belgium, and Spain also contribute notably to the sector, with respective values of 13.52 million euros, 10.86 million euros, and 10.36 million euros. Finland, Portugal, Lithuania, Greece, Slovenia, and Estonia represent smaller but essential shares in the industry.
Year-on-year variations from 2023 indicate largely stable growth with some notable changes. Germany's value added increased by 2.08%, showing robust performance. Finland, Portugal, and Lithuania experienced significant increases of 3.91%, 4.6%, and 10.08% respectively. Conversely, the Netherlands saw a slight decline of 0.023%. Other smaller markets like Slovenia and Estonia also grew, posting 5.38% and 1.62% increases respectively.
Future trends to watch include further technological advancements and sustainability initiatives, which are expected to drive growth in the chemicals manufacturing sector. Additionally, increased regulatory measures and market consolidation could reshape market shares among European countries. Close monitoring of the sector's expansion in smaller markets will be crucial for understanding overall industry dynamics.
Top countries in Value Added of Chemicals Manufacturing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 57.89 | 2023 | +1.67% | +2.08% | View data |
| 2 | 2 Netherlands | 13.52 | 2023 | +1.61% | -0.023% | View data |
| 3 | 3 Belgium | 10.86 | 2023 | +1.71% | +0.94% | View data |
| 4 | 4 Spain | 10.36 | 2023 | -0.66% | +0.82% | View data |
| 5 | 5 Finland | 3.34 | 2023 | +3.49% | +3.91% | View data |
| 6 | 6 Portugal | 1.15 | 2023 | +2.26% | +4.6% | View data |
| 7 | 7 Lithuania | 1.14 | 2023 | +3.24% | +10.08% | View data |
| 8 | 8 Greece | 1.02 | 2023 | +0.93% | +1.19% | View data |
| 9 | 9 Slovenia | 0.57 | 2023 | +2.6% | +5.38% | View data |
| 10 | 10 Estonia | 0.15 | 2023 | +2.6% | +1.62% | View data |
