The sold production of polyurethanes in primary forms in Italy stood at 402.92 million kilograms in 2023. Historical data shows fluctuations, with notable declines in 2014, 2015, and 2016, followed by a significant increase in 2017. Post-2017, production volumes largely stabilized but saw some downturns, notably a decline of 16.12% in 2020. The year-on-year percentage change in recent years shows a decrease of 3.72% in 2022 and a further decline of 3.91% in 2023. The Compound Annual Growth Rate (CAGR) averaged -3.5% over the last five years, indicating a downward trend.
Forecasted data from 2024 onwards predicts a continuous decline, with a forecasted 5-year CAGR of -7.27% and an overall forecasted decrease of 31.45% by 2028.
Future trends to watch for include:
- Market shifts towards sustainable and eco-friendly materials which may impact polyurethane production.
- Potential technological advancements in production efficiency.
- Impact of regulatory changes on manufacturing processes and materials used.
- Economic factors influencing industrial demand in key end-use sectors.
