The Chemicals Manufacturing Value Added in Belgium has shown a steady increase from 2013 to 2023. In 2023, it stood at 36.16 units, reflecting a year-on-year growth of 1.13% and a 5-year CAGR of 2.28%. The sector experienced significant fluctuations, with notable peaks in 2016 and 2018. The forecasted data from 2024 to 2028 indicates a continued albeit slower growth, with a forecasted 5-year CAGR of 0.85% and a forecasted 5-year growth rate of 4.34%.

Future trends to watch for include:

Technological advancements and digital transformation impacting production efficiency.
Regulatory changes affecting chemical production standards and environmental sustainability.
Market demand shifts driven by global economic conditions and consumer preferences towards greener chemicals.
Potential impacts of geopolitical events on supply chains and raw material availability.