Between 2013 and 2023, Italy’s chemicals manufacturing output witnessed a mix of growth and decline phases. Notable dips occurred in 2014, 2016, 2019, and 2020, with significant rebounds in 2017 and 2021. In 2023, the industry's output stood at €57.62 billion, marking a 1.11% year-on-year increase. From 2018 to 2023, the sector achieved an average annual growth rate (CAGR) of 1.16%.
Looking ahead, the chemicals manufacturing output in Italy is forecasted to grow steadily, reaching €60.69 billion by 2028. This denotes a forecasted CAGR of 0.82% over the next five years. Key future trends to watch include advancements in sustainable and green chemistry, an increasing shift towards digitalization in manufacturing processes, and potential impacts from regulatory changes in the EU. Monitoring these elements will be crucial for strategic planning and investment in the chemical sector.
