The forecasted values for the sold production of aromatic polycarboxylic and carboxylic acids with additional oxygen functions in Germany indicate a consistent decline from 2024 to 2028, decreasing from 127.54 million euros to 52.069 million euros. In 2023, the production value was 146.2 million euros. Year-on-year decreases from 2024 to 2028 are apparent, with the most substantial drop observed between consecutive years. The five-year CAGR for the period 2024-2028 represents a significant contraction in the market, reflecting a wider trend of decreasing production volumes.
Future trends to watch for include advancements in sustainable and green chemistry that might influence production techniques and costs, regulatory changes, and potential shifts in global demand towards less environmentally taxing chemical products.
