The synthetic rubber market in Denmark exhibited fluctuations between 2012 and 2022. Starting at 40.437 million Euros in 2012, the market value experienced declines until 2015, hitting a low of 30.423 million Euros. A recovery phase followed with incremental increases, marking 42.384 million Euros by 2022. Year-on-year variations fluctuated, with notable declines in early years and modest growth rates thereafter. Over the last five years, the market has shown a slow recovery, achieving a modest CAGR of 4.35% by 2022. Importantly, the series is reported to stand at its projected level in 2024.

Future Trends to Watch for:

Continued demand for eco-friendly and sustainable synthetic rubber alternatives.
Technological advancements and innovations in synthetic rubber production.
Volatility in raw material prices influencing market dynamics.