In 2023, Germany's production volumes of chemical, rubber, plastics, fuel products, and non-metallic mineral products stood at 387.0 billion Euros. Forecasted data from 2024 to 2028 indicates a steady growth pattern, with projections reaching 399.94 billion Euros by 2028. This represents a compound annual growth rate (CAGR) of approximately 0.66% over the five-year period. The anticipated year-on-year growth reflects a consistent upward trend, with minor yet consistent increases each year.
Future trends to watch for include:
- Potential impacts of regulatory changes in sustainability and environmental policies.
- Technological advancements in production processes enhancing efficiency.
- Economic factors such as shifts in global trade dynamics and energy market fluctuations.
- Increased demand for eco-friendly and sustainable materials.
