The synthetic rubber market size in Finland stood at 165.04 million kilograms in 2023. Reviewing historical data, the market has displayed fluctuations, peaking at 193.36 million kilograms in 2016 and bottoming in 2020 with 140.22 million kilograms. The most recent year-on-year variation from 2022 to 2023 was a slight decrease of 0.77%. Over the last two years, the market showed an average annual contraction rate of approximately 2.98%. Looking ahead, the market is forecasted to gradually decline, highlighting a consistent downward CAGR of 0.64% over the next five years, with a cumulative reduction of about 3.16% by 2028.
Future trends to watch for include potential technological advancements in production efficiency, changes in regulation impacting the industry, and shifts in demand tied to global economic conditions. Additionally, the increasing focus on sustainability and alternatives to synthetic rubber may shape market dynamics moving forward.
