The production of dyes and pigments in Belgium has shown significant fluctuations over the past decade. After peaking in 2013, production generally followed a downward trend with occasional rebounds, like in 2017 and 2021. The most notable decreases occurred in 2016, 2018, and 2020. Year-on-year variations highlighted this volatility, which averaged a -5.01% CAGR over the last five years leading to 2023. In 2023, production stood at approximately 58.089 Million Kilograms of Titanium Dioxide. The forecast suggests a continued decline, with a projected -0.93% CAGR from 2024 to 2028, leading to an estimate of about 54.555 Million Kilograms in 2028.
Future trends to watch for include:
- Technological advancements that may improve production efficiency.
- Environmental regulations that could restrict production capabilities.
- Shifts in global demand and supply chains impacting Belgium's export markets.
- Potential for innovation in sustainable dyes and pigments.
