The Silicone market in Italy has shown considerable fluctuations over the past decade. From 2013 to 2023, the volume has increased from 54.955 million kilograms to 67.768 million kilograms. Initially, the market experienced significant growth, peaking in 2014 with an 18.68% increase from the previous year. However, the market saw several contractions, with notable decreases in 2015, 2017, and 2019. The last five years reveal a modest compound annual growth rate (CAGR) of 3.05%, with positive year-on-year growth in 2022 and 2023.
Future trends to watch for:
- Potential advances in silicone applications in emerging industries such as electric vehicles and renewable energy.
- Impact of regulatory changes on silicone production and usage.
- Global supply chain dynamics and their effect on the silicone market in Italy.
How does Italy rank in Silicones Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 630,880,000 | 2023 | +1.58% | -0.33% | View data |
| 2 | 2 Italy | 67,768,000 | 2023 | +3.04% | +3.05% | |
| 3 | 3 Poland | 25,152,000 | 2023 | +2.93% | +3% | View data |
| 4 | 4 Austria | 18,637,000 | 2023 | +3.98% | +3.8% | View data |
| 5 | 5 Finland | 5,734,400 | 2023 | +1.52% | +1.84% | View data |
