In 2023, Germany led European sold production of silicones in primary forms with 2.54 billion euros, dwarfing other countries. Spain and Austria followed, albeit at significantly lower levels. Generally, year-on-year variations show notable increases in Austria and Italy with 7.4% and 7.95%, respectively. Denmark and Finland demonstrated exceptional growth rates, 24.13% and 53.36%, hinting at a burgeoning industry in these regions. Conversely, Spain and Estonia experienced declines of 1.85% and 2.34%, respectively. Noteworthy is the collective growth trend among smaller markets.
Future trends to watch include the potential for continued growth in emerging markets like Finland and Denmark, increased investment in innovation and sustainability in silicone production, and potential fluctuations due to regulatory and economic changes across Europe. Monitoring global export implications and advancement in silicone applications will be crucial.
Top countries in Sold Production of Silicones in Primary Forms by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,536,800,000 | 2023 | +1.79% | -0.22% | View data |
| 2 | 2 Spain | 51,806,000 | 2023 | -0.69% | -1.85% | View data |
| 3 | 3 Austria | 42,366,000 | 2023 | +6.3% | +7.4% | View data |
| 4 | 4 Netherlands | 39,771,000 | 2023 | +4.95% | +4.53% | View data |
| 5 | 5 Italy | 26,386,000 | 2023 | -10.52% | +7.95% | View data |
| 6 | 6 Belgium | 15,651,000 | 2021 | View data | ||
| 7 | 7 Poland | 12,860,000 | 2023 | +3.93% | +2.61% | View data |
| 8 | 8 Denmark | 7,893,500 | 2023 | +18.73% | +24.13% | View data |
| 9 | 9 Finland | 3,411,500 | 2023 | +17.68% | +53.36% | View data |
| 10 | 10 Estonia | 422 | 2023 | +17.55% | -2.34% | View data |
