The Compound Plasticisers for Rubber or Plastics market in Portugal has demonstrated a positive growth trajectory over the recent years. In 2023, the market size reached 20.632 million euros, showcasing a steady increase with a year-on-year growth of 5.17%. Over the last five years, the market has experienced a compound annual growth rate (CAGR) of 3.14%. The period between 2017 and 2018 saw the highest growth rates, indicative of robust market dynamics.
Future trends to watch for include:
- The impact of environmental regulations driving innovation in biodegradable plasticisers.
- Increased demand from automotive and construction sectors as economic activities rebound.
- Technological advancements leading to more efficient production processes.