The German silicones market volume demonstrated fluctuating growth. From 2013 to 2018, it witnessed a steady rise with a peak in 2018. However, 2019 and 2020 saw declines attributed to -6.23% and -2.23% respectively. Recovery began in 2021, with incremental growth through 2023, ultimately reaching 630.88 million kilograms. Despite positive trends, the Compound Annual Growth Rate (CAGR) over the past five years averaged a negative -0.33%, indicating a tempered long-term growth outlook.
Future trends to watch for include:
- Sustainability: Increasing demand for eco-friendly silicones.
- Technological advancements enhancing product applications.
- Economic factors impacting manufacturing and demand.
- Expanding applications in automotive and electronics sectors.
How does Germany 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% | |
| 2 | 2 Italy | 67,768,000 | 2023 | +3.04% | +3.05% | View data |
| 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 |
