The production of synthetic rubber in Italy has shown fluctuating trends over the past decade. Notably, there was a substantial spike in 2017 with a 58.43% year-on-year increase, followed by a significant drop in 2018. The period from 2019 to 2021 witnessed both declines and recoveries, culminating in a strong growth of 43.42% in 2021. By 2023, the value of synthetic rubber production stood at 1382.2 million euros, reflecting a 6.96% increase from the previous year and a robust 5.82% CAGR over the last 5 years.
Looking ahead to 2028, forecast data indicates a steady upward trajectory with a projected 12.89% increase over the next 5 years and an average annual growth rate (CAGR) of 2.46%. Future trends to watch for include advancements in synthetic rubber technology, shifts in automotive and tire industries, and regulatory impacts on production practices.
