In 2023, Germany imported 34.5 million kilograms of carboxylic acids with phenol functions. The forecast for 2024 shows a value of 35.151 million kilograms, indicating a steady growth each year, reaching 38.101 million kilograms by 2028. Year-on-year, this reflects a modest growth trend, suggesting a stable demand increase. The compound annual growth rate (CAGR) from 2023 to 2028 is projected, but ranged data could suggest it nearing approximately 2% annually.
Future trends to watch for:
- Global economic conditions impacting industrial demand.
- Pursuit of sustainable and renewable chemistry, potentially altering demand.
- Trade policies between Germany and major suppliers.
