Germany continues to dominate the European market for synthetic latex rubber production, holding a significant share of 61.19%. Italy and Finland follow with 16.57% and 12.36%, respectively. France and Spain hold smaller shares, with 3.62% and 1.98%. Denmark, Hungary, and Lithuania collectively contribute less than 0.3%, indicating limited production in these countries.
The year-on-year variations for 2023 show mixed trends: Germany's production increased by 1.45%, while Italy saw a rise of 4.11%. Conversely, Finland and France experienced declines of -2.89% and -8.36%. Denmark and Lithuania saw notable growth at 15.3% and 8.3%, respectively, while Hungary's production remained flat.
Future trends to watch for in the European synthetic latex rubber market include Germany's continued leadership and potential shifts in smaller markets like Denmark and Lithuania. Monitoring technological advancements and sustainability practices will be crucial for forecasting growth and identifying new market opportunities.
Top countries in Sold Production of Synthetic Latex Rubber Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61.19 | 2023 | +5.36% | +1.45% | View data |
| 2 | 2 Italy | 16.57 | 2023 | +4.12% | +4.11% | View data |
| 3 | 3 Finland | 12.36 | 2023 | +4.65% | -2.89% | View data |
| 4 | 4 France | 3.62 | 2023 | -4.36% | -8.36% | View data |
| 5 | 5 Spain | 1.98 | 2021 | +14.11% | +2.31% | View data |
| 6 | 6 Denmark | 0.012 | 2023 | +13.01% | +15.3% | View data |
| 7 | 7 Hungary | 0.006 | 2023 | -0.69% | View data | |
| 8 | 8 Lithuania | 0.005 | 2023 | +6.68% | +8.3% | View data |
