In 2023, the sold production of salts of inorganic acids or peroxoacids in Germany stood at 15.83 million kilograms. The forecast from 2024 to 2028 shows a steady upward trend, growing from 16.312 million kilograms in 2024 to 18.248 million kilograms in 2028. Year-on-year growth is consistent, indicating a healthy demand, with a calculated Compound Annual Growth Rate (CAGR) over the five years being approximately 2.9%.
Future trends to watch for include:
- Increasing demand due to technological advancements and their use in various industries.
- Potential impact of environmental policies on production and innovation in more sustainable methods.
- Market fluctuations based on global economic factors and raw material availability.