The synthetic rubber market in Germany experienced fluctuations from 2013 to 2023, peaking at 942.53 million kilograms in 2014 and dipping to a low of 695.47 million kilograms in 2020. In 2023, it stood at 869.85 million kilograms. Between 2019 and 2023, the average compound annual growth rate (CAGR) was -0.22%, showing a general decline over the five-year period. Year-on-year variations included significant drops such as -10.36% in 2019 and increases like 14.15% in 2022.
Forecast data indicates a gradual decline with a CAGR of -0.08% from 2024 to 2028, demonstrating a trend towards stabilization with minor annual decreases in volume.
Future trends to watch for include:
- The impact of environmental regulations on synthetic rubber production.
- Advancements in sustainable and alternative materials.
- Evolving demand in automotive and manufacturing sectors.
