The European synthetic rubber market shows Germany as the leader with a volume of 869.85 million kilograms in 2023. Behind Germany are Italy and France with 607.01 and 554.36 million kilograms, respectively. The Czech Republic and Spain trail but remain significant contributors. Finland, Portugal, and Sweden account for smaller shares of the market.
In 2023, the market contracted in most major countries. Germany, Italy, and France experienced a decline of about 0.22%, while Spain, Finland, Portugal, and Sweden saw sharper decreases ranging from 2.22% to 3.72%. Notably, the Czech Republic was an exception with a 2.26% growth, indicating resilience and potential market shifts.
Future trends will likely focus on sustainability and the transition to greener production methods. Volatility in raw material prices and regulations concerning environmental impacts may also shape the future landscape of synthetic rubber production in Europe. Companies should watch for advancements in recycling technologies and biobased alternatives as key areas to gain competitive edges.
Top countries in Synthetic Rubber Market Size Volume by Country
| # | 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% | View data |
| 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 |
| 6 | 6 Finland | 165,040,000 | 2023 | -0.77% | -2.98% | View data |
| 7 | 7 Portugal | 61,089,000 | 2023 | +1.88% | -3.72% | View data |
| 8 | 8 Sweden | 32,578,000 | 2023 | -3.18% | -3.5% | View data |
