From 2013 to 2023, the sold production of sulphuric acid and oleum in Germany experienced significant fluctuations. After peaking in 2013, a downward trend ensued, with substantial declines and intermittent recoveries. The value in 2023 stood at €123.89 million. Year-on-year variations have illustrated this volatility, with steep drops in several years coupled with occasional strong recoveries. Specifically, the market saw an overall slight decline in the last two years, with 2023 experiencing a minor dip of 0.49% from the previous year. The last 5-year CAGR stands at a modest 1.21%.
Future trends to watch for: - A gradual decrease in production value is forecasted, with a 5-year CAGR of -0.41%. - Sustainable practices and environmental regulations may increasingly influence production volumes and costs.- Technological advancements and shifts in global demand could also majorly impact production trends.
