The forecast for Germany's chemicals manufacturing value added shows a steady year-on-year increase of approximately 0.5% to 0.7% from 2024 to 2028. Specifically, values are projected to rise from 12.12 in 2024 to 12.38 in 2028. Assuming a base value in 2023, the Compound Annual Growth Rate (CAGR) over the forecasted period indicates a gradual and consistent growth trend in the sector.
Future trends to watch for include:
- Technological advancements and digitalization impacting manufacturing processes
- Regulatory changes within the EU potentially affecting production standards and costs
- Supply chain adaptations in response to geopolitical developments
- Rising demand for sustainable and eco-friendly chemical products