In 2023, the production of silicones in primary forms in Italy stood at approximately 27.5 million kilograms. The forecasted data for 2024 to 2028 shows a consistent upward trend in production, with values rising from 28.17 million kilograms in 2024 to 30.816 million kilograms by 2028. This reflects a year-on-year growth of approximately 2.4% in 2025, 2.31% in 2026, 2.22% in 2027, and 2.16% in 2028. The compound annual growth rate (CAGR) over the period is around 2.31%.
Future trends to watch for include:
- Technological advancements in production processes to boost efficiency and output.
- Potential regulatory changes impacting the production and use of silicones.
- Increasing demand from sectors like automotive, construction, and healthcare, driving further growth.
