The turnover in the Chemical Products sector in Belgium for 2024 is forecasted at 37.38 billion euros, with anticipated gradual increments reaching 39.96 billion euros by 2028. Compared to 2023, which recorded an actual turnover of 36.75 billion euros, the sector is showing a consistent growth trajectory. Year-on-year variations indicate a steady growth rate of approximately 1.7%, while the Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is projected to be around 1.7% per annum. This steady growth reflects a positive outlook for the sector.
- 2024: +1.7%
- 2025: +1.7%
- 2026: +1.7%
- 2027: +1.6%
- 2028: +1.6%
Future trends to watch for include advancements in sustainable chemical production, regulatory changes, and potential impacts of economic fluctuations. The sector should also monitor innovations in chemical recycling and green chemistry, which could drive further growth and competitiveness in the market.
