In 2023, the turnover in chemical products in Germany stood at 178.12 billion Euros. Based on forecasted data, the turnover is expected to grow steadily each year from 2024 to 2028, reaching 182.67 billion Euros by 2028. The year-on-year percentage variations from 2024 to 2028 are as follows:
• 2024: +0.52%
• 2025: +0.51%
• 2026: +0.51%
• 2027: +0.50%
• 2028: +0.49%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is approximately 0.51%. This consistent growth trend indicates a stable market for chemical products in Germany.
Future trends to watch for include potential impacts from regulatory changes, technological advancements in chemical production, and shifts in global supply chains that could affect turnover in this sector. Additionally, the growing emphasis on sustainable and eco-friendly chemicals might open new avenues for market expansion.
