The adipic acid market in Germany displayed fluctuating trends over the past decade, reaching a value of 551.35 million Euros in 2023. Despite intermittent growth, the market generally contracted, as demonstrated by a compound annual growth rate of -2.99% over the last five years. Key fluctuations included a pronounced dip in 2020 at -16.86%, followed by partial recovery. Recent years showed slight instability with a decrease of 2.25% from 2022 to 2023.
Future trends to watch for:
- Sustainability pressures may drive innovation and affect raw material sourcing.
- Technological advancements and improved production techniques may enhance market growth.
- Evolving regulations on environmental impact could influence market dynamics significantly.