The synthetic latex rubber market in Italy experienced notable fluctuations from 2013 to 2023, recording a peak volume of 178.47 million kilograms in 2014 and descending to 143.02 million kilograms by 2023. The period saw a consistent decline in market size, particularly between 2015 and 2019, where year-on-year decreases averaged around 5.26% to 4.64%. From 2020 onwards, the market appeared to stabilize slightly with minor variances, such as a small rise of 2.42% in 2020 and a decline of 0.6% in 2023.
Forecasts from 2024 to 2028 predict a continued decline, albeit at a slower pace, with an anticipated Compound Annual Growth Rate (CAGR) of -0.48% and a forecasted total decrease of around 2.35% in market size over these five years.
Future trends to watch for include potential impacts of innovation in synthetic rubber applications, shifts in industrial demand due to economic changes, and advancements in sustainable and eco-friendly alternatives. Additionally, legislative changes and global market dynamics could significantly influence the Italian market landscape for synthetic latex rubber.