The value added of Chemicals Manufacturing in Brazil reached 93.32 billion Brazilian Reals in 2023, showing a year-on-year increase of 5.1%. The sector exhibited significant growth from 2013 to 2023, with occasional downturns in 2017 and 2018. Over the past five years, the compound annual growth rate (CAGR) has been 7.7%, showcasing a consistent upward trend despite the economic challenges posed in various years.
From 2024 onwards, forecasts indicate a steady growth trajectory, with the value expected to rise to 115.31 billion Brazilian Reals by 2028. This implies a forecasted CAGR of 3.35% over the upcoming five years, marking a 17.89% overall growth from 2023 to 2028.
Future trends to watch for include technological advancements in chemical processes, increased demand for specialized chemicals, and the potential impacts of international trade policies. Sustainability and environmental regulations will also shape the sector, prompting shifts towards greener manufacturing practices.
