The production of synthetic rubber in France has experienced significant fluctuations over the past decade. From 2013 to 2018, the production volume faced a steady decline, with notable drops during 2017 and 2019. The trend slightly reversed in 2021 with a year-on-year increase of 12.69%, although 2022 and 2023 saw a mild decline again, leading to the current 392.86 Million Kilograms in 2023. The compound annual growth rate (CAGR) over the last five years is -2.81%, reflecting an overall negative trend. Forecasts predict a continued but slower decrease in production, with a projected -0.91% CAGR over the next five years, reaching 371.0 Million Kilograms by 2028.
Future trends to watch for include technological advancements in synthetic rubber production, shifts in global demand, and potential regulatory changes regarding the environmental impact of synthetic rubber manufacturing. Monitoring these factors will be crucial for anticipating further developments in France's synthetic rubber industry.
