From 2013 to 2023, the synthetic rubber market in France fluctuated significantly. The year-on-year variations display diverse trends, including substantial decreases in 2013 and 2020 by -17.49% and -17.67%, respectively. Conversely, there were positive spikes in 2014 and 2021 with increases of 7.38% and 13.54%. Notably, the market size in 2023 stood at 554.36 million kilograms, representing a minimal decline of -0.78% from 2022.
Examining the longer-term trends over the last five years leading to 2023, the Compound Annual Growth Rate (CAGR) was -0.22%, indicating an overall slight decline. The forecasted market from 2024 to 2028 suggests a continuing downward trend with a CAGR of -0.65% and an accumulated growth rate of -3.22%.
Future trends to watch for include shifts in global demand for synthetic rubber, potential technological advancements in production, and environmental regulations influencing the market. Strategic adjustments in these areas could significantly impact the market dynamics moving forward.
