The value-added of chemicals manufacturing in the Netherlands has shown fluctuations over the past decade. From 2013 to 2018, there was a steady increase with notable growth peaks in 2015 (17.51%) and 2017 (9.67%). However, the period between 2019 and 2020 was marked by significant declines, particularly a 12.73% drop in 2020. Recovery began in 2021 with a 16.44% rise, continuing with moderate growth into 2023 (1.61%). In 2023, the industry stands at €12.0 billion. The Compound Annual Growth Rate (CAGR) over the last five years just turned positive at -0.023%.
Looking forward, the forecast from 2024 to 2028 predicts steady growth, with a forecasted CAGR of 1.27% and an overall growth rate of 6.5% by 2028. The value-added is expected to reach €12.96 billion by 2028, indicating a stable improvement underpinned by the slow yet consistent rise in value.
Future trends to watch for include advancements in green chemistry, digital transformation within the industry, and potential impacts of regulatory changes aimed at reducing carbon footprint. These factors could significantly influence growth trajectories and competitive dynamics in the sector.
