The isocyanates market in Germany is projected to grow significantly from approximately 504.07 million Euros in 2024 to 642.05 million Euros in 2028. This indicates a consistent upward trajectory with a compound annual growth rate (CAGR) over this forecast period. Year-on-year growth can be observed as steady, detailing a healthy expansion within the chemical sector. In 2023, the market size was slightly below the 2024 forecast figure, reflecting an emerging recovery and ongoing industrial demand.
Future trends to watch:
- Increasing demand in automotive and construction industries due to enhanced performance materials.
- Environmental regulations may drive innovation in sustainable isocyanate production.
- Potential supply chain disruptions could impact raw material availability.
- Technological advancements in applications could expand market breadth and scope.
