In 2023, the production of synthetic rubber in Italy stood at 621.87 million kilograms. Over the years, the industry exhibited fluctuating trends with significant variations. For instance, in 2017, there was a notable spike in production by 38.58%, while in 2020, production plummeted by 25.82%. From 2018 to 2023, the year-on-year changes reflected volatility with an overall positive growth trajectory averaging a CAGR of 1.26% forecasted through to 2028. Specifically, the industry recovered impressively with a 17.02% rise in 2022 and a further 7.28% increase in 2023. Looking ahead, the CAGR from 2024 to 2028 is projected at 1.26%, indicating a steady but modest growth.
Future trends to watch for:
• Technological advancements in production processes.
• Shifts in global demand and supply chains.
• Environmental regulations impacting production methods.
• Increased focus on sustainable and eco-friendly synthetic rubber production.
