The polyamides market in Finland observed fluctuating trends from 2013 to 2023, peaking in 2021 with a market size of 90.099 million Euros before a slight decrease to 87.087 million Euros in 2023. Key year-on-year variations include significant growth in 2017 (26.23%) and a high in 2021 (8.55%), with noticeable declines in 2015 (-9.38%) and 2016 (-5.72%). The last five years (2018-2023) observed an average annual CAGR of approximately 2.56%. From 2024 onwards, the market is expected to decline marginally, with a forecasted 5-year CAGR of -0.86% and an overall reduction in market size by 4.23% by 2028.
Future trends to watch for include:
- Increasing emphasis on sustainable and bio-based polyamides driven by environmental regulations.
- Anticipated technological advancements in production methods that could impact market dynamics.
- Economic factors affecting the purchasing power and industrial activity in Finland.