Chemicals manufacturing output in the Netherlands experienced fluctuations from 2013 to 2023. The market saw a declining trend between 2013 and 2016. However, it witnessed a notable recovery from 2017 onwards. The year 2021 marked a substantial increase, followed by milder but consistent growth in 2022 and 2023, where the output reached 77.18 Billion Euros. The Compound Annual Growth Rate (CAGR) for the last five years was 7.84%, indicating a robust rebound.
Looking forward from 2024 to 2028, the industry is poised for steady growth, with a forecasted CAGR of 0.96%. Long-term trends suggest a sustained increase in output, albeit at a slower pace compared to recent past years.
Future trends to watch for include:
- Advancements in sustainable and green chemistry practices
- Continued innovation in chemical manufacturing technologies
- Potential impacts of regulatory changes and global trade policies
- Shifting demand patterns in key sectors such as pharmaceuticals and agriculture
