The market for synthetic rubber in France has experienced considerable volatility over the past decade. From 2012 to 2014, there was an overall downward trend with some fluctuations, followed by a moderate recovery until 2017. However, in 2018, market volume declined sharply by 10.86%, seesawing through 2019 and then plummeting by 17.67% in 2020, likely due to global disruptions. The market showed signs of recovery in 2021 and 2022 with a combined increase of approximately 18%. Over the past 5 years, the Compound Annual Growth Rate (CAGR) was calculated to be -2.34%, indicating a general decrease notwithstanding the short-term recoveries.
Future trends to watch for include technological advancements in synthetic rubber production, increasing demand from the automotive sector, and potential supply chain disruptions. Sustainability and environmental regulations will also likely play a significant role in shaping the market, pushing for more eco-friendly alternatives and innovations.
How does France 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% | View data |
| 2 | 2 Italy | 607,010,000 | 2023 | -0.29% | -0.27% | View data |
| 3 | 3 France | 554,360,000 | 2023 | -0.78% | -0.22% | |
| 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 |
