The isocyanates market in Lithuania experienced a gradual increase from 2013 to 2023, reflecting an overall growth trend. By 2023, the market size volume reached 7.471 million kilograms. Analysis indicates significant fluctuations, with notable year-on-year changes such as an increase of 11.68% in 2014 and a sharp rise of 7.99% in 2017. However, recent years showed more stable growth, with a 3.71% increase in 2023. The compounded annual growth rate (CAGR) over the last five years stands at 3.64%, suggesting consistent market activity despite minor variances.
Future trends to watch for:
- Potential shifts in industrial applications such as automotive and construction could drive changes in demand.
- Regulatory developments impacting the chemical industry could influence market dynamics.
- Emerging technologies may offer innovative applications for isocyanates, affecting consumption patterns.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 342,660,000 | 2023 | +1.23% | +1.02% | View data |
| 2 | 2 Italy | 137,870,000 | 2023 | +0.11% | +0.098% | View data |
| 3 | 3 United Kingdom | 43,685,000 | 2023 | +0.67% | -0.33% | View data |
| 4 | 4 Lithuania | 7,471,000 | 2023 | +3.71% | +3.64% | |
| 5 | 5 Sweden | 3,712,300 | 2023 | -5.85% | -4.92% | View data |
