The ethylene glycol market in Germany in 2023 stood at 162.05 million kilograms. The market volume has shown fluctuations over the past decade, with a significant decline from 200.92 million kilograms in 2013 to current levels. The percentage changes year-on-year have varied, showing both positive and negative shifts. The last two years saw decreases of 8.21% in 2022 and 1.31% in 2023. Over the previous five years, the compound annual growth rate (CAGR) was -0.85%.
Looking forward, the market is forecasted to decrease. The volume is expected to decline from 159.92 million kilograms in 2024 to 151.6 million kilograms by 2028, implying a five-year average CAGR of -1.06% and a total decline rate of -5.2% over this period.
Future trends to watch for:
- Technological advancements that could improve production efficiency and reduce costs.
- Potential regulatory changes impacting the chemical industry in Germany.
- Shifts in demand within related industries such as automotive and textiles, which are significant consumers of ethylene glycol.
