Forecast: Production of Synthetic Rubber in Denmark

The production of synthetic rubber in Denmark, expressed in value, stood at 158.68 thousand kilograms in 2023. Historical data indicates a significant decrease since 2013, with notable year-on-year declines such as -60.54% in 2014, -18.2% in 2015, and -15.16% in 2023. Over the last two years, the production decreased by -15.16% and -8.84% respectively.

For the future, the forecasted data shows a continuous decline, with figures predicting a drastic fall to 9.96 thousand kilograms by 2028. This results in a projected compound annual growth rate (CAGR) of -39.88% over the next five years, translating to an overall decrease of -92.15% by 2028.

Future trends to watch:

  • Monitor technological advancements or shifts towards more sustainable materials which might affect the demand for synthetic rubber.
  • Watch for potential regulatory changes impacting production and environmental standards.
  • Keep an eye on global supply chain dynamics and raw material availability, which could influence production capacities.

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