The synthetic rubber market in Denmark experienced fluctuations from 2013 to 2023. The market saw initial declines, marked by notable year-on-year decreases of 10.9% in 2013 and 5.24% in 2014. A gradual recovery began in 2016 with a 9.94% increase, continued with steady growth reaching significant peaks between 2018 to 2021, but faced a slight decline from 2022 onward. In 2023, the market value stood at €41.527 million, registering a slight decrease of 0.73% from the previous year.
Looking ahead, the forecasted data from 2024 to 2028 indicates a gradual decline in market size, averaging an annual decrease of 0.58%. Key trends to watch include technological advancements in synthetic rubber production, increased demand in automotive and industrial applications, and sustainability initiatives impacting raw material use and market dynamics.
