The production of synthetic latex rubber in Italy is forecasted to exhibit very marginal annual increases from 2024 to 2028. As we are currently in 2024, actual production in 2023 stood at 103.50 million kilograms. The year-on-year percentage variation for the forecasted period reveals minimal growth, maintaining a consistent trend indicative of market saturation or stable demand. Over the last two years, production has seen an almost negligible increase, reflecting a steady state in the industry. The Compound Annual Growth Rate (CAGR) over the upcoming five years indicates an average annual growth close to zero, emphasizing a stable production volume.
Future trends to watch for include potential innovations in synthetic latex rubber technology, shifts in global demand, particularly from emerging markets, and environmental regulations which may impact production strategies and efficiency. Monitoring these factors will provide crucial insights into potential disruptions or opportunities within the sector.