The chemicals manufacturing sector in Austria has shown significant growth over recent years, with the Gross Value Added (GVA) rising steadily from €2.17 billion in 2013 to €4.79 billion in 2023. The year-on-year growth for 2023 was 2.49%. Historical data indicates fluctuations, with particularly sharp increases in 2016 and 2021, contrasted by declines in 2017, 2018, and 2019. The five-year CAGR ending in 2023 stands at 9.94%, reflecting the sector's robust performance.

Forecasts for 2024 and beyond predict continued growth, with GVA expected to reach €5.35 billion by 2028. The average annual growth rate (CAGR) over the next five years is forecasted at 1.76%, translating to a 9.11% increase over this period.

Future trends to watch for include:

Technological advancements in chemical manufacturing processes.
Sustainability and green chemistry initiatives impacting production methods and costs.
Potential policy changes in environmental regulations affecting the industry.
Global economic conditions and their influence on demand for Austrian chemical products.