The sold production of propylene glycol in Germany demonstrated fluctuating trends between 2013 and 2023, showing notable spikes and drops. From 2013 to 2023, variations have been notable: from a high CAGR of 10.71% in 2021 to a significant drop of -29.94% in 2022. In 2023, the value stood at €116.5 million, marking a 6.1% increase from the previous year.
Future trends indicate a steady growth in production value, with a forecasted 5-year CAGR at 1.16% and an anticipated growth rate of 5.94% by 2028. Key factors to watch for include technological advancements in production processes, fluctuations in raw material availability, and potential regulatory changes in the industry.
