The synthetic rubber production in Spain in 2023 stood at 111.78 million kilograms. Reviewing the past decade, we observe fluctuations with significant growth after 2014 and a period of relative stability and minor fluctuations from 2018 onwards. The year-on-year variations from 2022 to 2023 show a relatively minor increase of 0.54%, while the compound annual growth rate (CAGR) over the last five years shows an average annual growth of 1.58%. The forecasted data suggest a slight upward trend, with an anticipated 2.07% growth over the next five years and a forecasted CAGR of 0.41%.

Future trends to watch for include:

The impact of technological advancements on production efficiency.
Potential environmental regulations affecting synthetic rubber production processes.
Market demand shifts influenced by automotive and industrial sectors.