The Synthetic Rubber Market size in Germany has seen various fluctuations in volume over the past decade. Starting at 856.86 million kilograms in 2012, the market experienced a general downward trend interrupted by occasional increases. Noteworthy is the peak in 2014 with 942.53 million kilograms and a significant drop by 2020 to 695.47 million kilograms. From there, a partial recovery occurred, reaching 744.87 million kilograms in 2021, declining again to 723.98 million kilograms in 2022. The year-on-year percentage change displayed considerable volatility, with a peak positive change of 12.52% in 2014 and dramatic declines such as -11.77% in 2020. The latest five-year CAGR stands at -4.86%, reflecting an average annual decline.
Future trends to watch for in the synthetic rubber market include advancements in sustainable material alternatives, regulatory changes aimed at reducing environmental impacts, and shifts in automotive industry demands, particularly with the rise of electric vehicles that may affect material requirements.
How does Germany rank in Synthetic Rubber Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 869,850,000 | 2023 | +2.31% | -0.22% | |
| 2 | 2 Italy | 607,010,000 | 2023 | -0.29% | -0.27% | View data |
| 3 | 3 France | 554,360,000 | 2023 | -0.78% | -0.22% | View data |
| 4 | 4 Czech Republic | 220,150,000 | 2023 | +2.79% | +2.26% | View data |
| 5 | 5 Spain | 205,200,000 | 2023 | +0.44% | -2.22% | View data |
