In 2023, the production of isocyanates in Germany stood at an estimated level, serving as the baseline for the subsequent forecasts. From 2024 to 2028, the production volume is anticipated to increase steadily, with minimal yearly increments. The year-on-year variation displays a consistent growth rate of approximately 0.01%, highlighting a stable and predictable market environment. Over a five-year horizon from 2024 to 2028, the compound annual growth rate (CAGR) remains equally modest, emphasizing slow yet steady growth.
Future trends to watch for include:
- Technological advancements in production efficiency.
- Environmental regulations impacting production processes.
- Fluctuations in demand from end-use industries such as construction and automotive.