In 2024, the chemical turnover in Belgium is forecasted to reach 37.38 billion euros. This represents a continuation of the growth trend observed from 2023, when the turnover stood at 36.75 billion euros. The year-on-year growth rates are as follows: 2025 (1.74%), 2026 (1.71%), 2027 (1.66%), and 2028 (1.63%). Cumulatively, the compound annual growth rate (CAGR) over the last five years is projected to be 1.69%.
Future trends to watch for in the Belgian chemical industry include advancements in sustainable chemistry, increased digitalization and automation, and potential impacts from global economic fluctuations and regulatory changes. These factors may influence the pace of growth and overall market dynamics.
