In 2023, the turnover for the retail of raw chemical materials and related products in China was recorded at approximately 21.57 hundred million yuan. Observing the forecast from 2024 to 2028, there is a noticeable declining trend, with the turnover decreasing year-over-year. Specifically, the expected year-on-year percentage change shows a gradual decline from -0.93% in 2025, -0.76% in 2026, to -0.62% in 2028. The compound annual growth rate (CAGR) over these years is negative, indicating a consistent reduction over this period.
Future trends to monitor include:
- Potential impact of environmental regulations on the chemical industry.
- Technological advancements in chemical production and retailing.
- Economic policies affecting the Chinese retail market.
- Shifts in domestic and global demand for chemical materials.
