The synthetic rubber market in France showed a declining trend from 2013 to 2016, with year-on-year decreases ranging from 5.19% to 15.72%. However, there was a slight rebound in 2017 with a 12.05% increase. This positive shift was not sustained, and the market resumed its downward trajectory with some variability, including a drastic drop of 19.11% in 2020, likely impacted by global disruptions. The market showed moderate rebounds in 2021 and 2022 but decreased slightly again in 2023, culminating at 1.0197 billion euros.
In 2023, the synthetic rubber market stood at 1.0197 billion euros. Looking forward from 2024 onwards, the market is forecasted to continue its decline, with a compound annual growth rate (CAGR) of -2.36% over the next five years and an overall predicted decrease of 11.25% by 2028.
Future trends to watch for include:
- Technological advancements in rubber synthesis that could disrupt market dynamics.
- The impact of environmental regulations and shifts towards sustainable alternatives.
- Evolving market demands driven by sectors such as automotive and manufacturing, potentially affecting synthetic rubber consumption.
- Global economic conditions and their influence on industrial activities.
