Germany dominantly leads European silicone production in primary forms, holding the largest share of the market despite a small decline of 0.22% in 2023. Austria's production saw a notable increase of 7.4%, closely followed by Italy with 7.95%. Denmark and Finland experienced significant growths of 24.13% and 53.36%, respectively, while Spain and Estonia faced decreases. The Compound Annual Growth Rate (CAGR) over the last five years shows positive trends for most countries.
Future trends to watch include further technological advancements and greater eco-friendly production practices, as well as potential market realignments due to shifts in demand and supply chain efficiencies across Europe.
Top countries in Sold Production of Silicones in Primary Forms Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 93.7 | 2023 | +1.79% | -0.22% | View data |
| 2 | 2 Spain | 1.91 | 2023 | -0.69% | -1.85% | View data |
| 3 | 3 Austria | 1.56 | 2023 | +6.3% | +7.4% | View data |
| 4 | 4 Netherlands | 1.47 | 2023 | +4.95% | +4.53% | View data |
| 5 | 5 Italy | 0.97 | 2023 | -10.52% | +7.95% | View data |
| 6 | 6 Belgium | 0.58 | 2021 | View data | ||
| 7 | 7 Poland | 0.48 | 2023 | +3.93% | +2.61% | View data |
| 8 | 8 Denmark | 0.29 | 2023 | +18.73% | +24.13% | View data |
| 9 | 9 Finland | 0.13 | 2023 | +17.68% | +53.36% | View data |
| 10 | 10 Estonia | 0 | 2023 | +17.55% | -2.34% | View data |
