The sold production of synthetic rubber in Denmark has shown significant fluctuations over the past decade. From 2013 to 2019, values generally increased, except for a notable drop in 2015. In 2020, the market experienced a sharp decline, but by 2021, there was an impressive recovery. Despite a subsequent decrease in 2022, the synthetic rubber production value rose again in 2023 by 13.1%, standing at 2.569 million Euros. The Compound Annual Growth Rate (CAGR) over the last five years is 4.29%.
Looking ahead, forecasts suggest a stable upward trend with an average annual growth rate of 2.85%, culminating in a 15.1% increase by 2028. The predictions indicate a positive outlook for the synthetic rubber market in Denmark.
Future trends to watch for include:
- Innovation in synthetic rubber manufacturing technologies.
- Shifts in global demand and supply chains impacting production costs and outputs.
- Environmental regulations influencing the production methods and materials used.
- Potential market disruptions from geopolitical events or economic shifts.
