The Ethylene Glycol market in Germany has experienced fluctuating trends over the years. From 2013 to 2016, there was a noticeable decline in market size value, followed by a brief recovery between 2018 and 2021. In 2023, the market stood at 114.98 million Euros, marking a significant decrease of 9.47% from the previous year. The compound annual growth rate (CAGR) over the last five years (2018-2023) was -2.94%. Looking forward, the forecast predicts a sharp decline with a projected CAGR of -11.3% through 2028, resulting in a substantial growth rate decrease of -45.09% over the period.
Future trends to watch for:
- Impact of environmental regulations on market demand.
- Technological advancements in production methods.
- Shifts in raw material prices and supply chain dynamics.
- Increasing competition from alternative materials and products.
- Economic factors influencing industrial applications and end-user consumption.
