In 2023, the European silicone market showed Germany leading with 630.88 million kilograms, followed by Italy at 67.768 million kilograms. Poland and Austria saw positive growth trends, with year-on-year increases of 3.0% and 3.8%, respectively. Finland also experienced growth at 1.84%, while Germany and Croatia faced declines of 0.33% and 5.69% respectively. Over the last five years, the compound annual growth rate (CAGR) across countries highlights Poland and Austria as high-growth markets.
Looking ahead, watch for trends like technological advancements in silicone applications, environmental regulations impacting production, and shifts in demand from end-user industries such as healthcare and automotive, which could further influence the European silicone market by country.
Top countries in Silicones Market Size Volume by Country
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 630,880,000 | 2023 | +1.58% | -0.33% | View data |
| 2 | 2 Italy | 67,768,000 | 2023 | +3.04% | +3.05% | View data |
| 3 | 3 Poland | 25,152,000 | 2023 | +2.93% | +3% | View data |
| 4 | 4 Austria | 18,637,000 | 2023 | +3.98% | +3.8% | View data |
| 5 | 5 Finland | 5,734,400 | 2023 | +1.52% | +1.84% | View data |
| 6 | 6 Croatia | 644,250 | 2023 | -5.87% | -5.69% | View data |
