In 2023, the sold production of articles of vulcanised solid rubber, excluding those for tractors and motor vehicles in Italy, stood at 82.7 million kilograms. The forecasted data indicates a declining trend from 2024 to 2028 with respective values of 80.875, 79.065, 77.273, 75.499, and 73.743 million kilograms. The year-on-year variation reflects a consistent decrease, indicative of a slow contraction in the market. The average Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests a continuous decline in production volume.
Future trends to watch for include technological advancements in rubber production and increasing sustainability requirements, both of which could alter production efficiencies and demand dynamics. Moreover, fluctuations in global supply chains and raw material costs could significantly impact the market going forward.
