The analysis of the sold production of synthetic rubber in France from 2013 to 2023 shows a persistent decreasing trend, dropping from €1.1804 billion in 2013 to €0.73833 billion in 2023. This represents an approximate cumulative decline of 37.46%. The year-on-year variation highlights significant fluctuations, with notable declines in years like 2016 (-12.41%) and 2020 (-15.47%). However, small growth increments have been observed in recent years, including a 4.12% increase in 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at -2.6%, suggesting an overall downward trajectory.
Looking forward, the forecasted data from 2024 to 2028 indicates a slow recovery trend. The CAGR is expected to shift to a positive 0.67%, translating to a modest cumulative growth of 3.42% over the five-year period. This suggests a possible stabilization and gradual rebound of the market.
Future Trends to Watch For:
- Technological advancements in synthetic rubber production driving cost reductions.
- Environmental regulations influencing production processes and product innovations.
- Fluctuations in the global supply chain affecting raw material availability.
- Increasing demand from industries such as automotive and footwear.
