Between 2013 and 2023, the Isocyanates market in Sweden has experienced fluctuations. Starting at 20.003 million euros in 2013 and reaching 21.258 million euros by 2023, the market has shown variability in growth. Significant changes include an increase from 2014 to 2015 and a decline between 2019 and 2021. Year-on-year growth was negative for many years, with a slight recovery in 2022 before another decline in 2023. The CAGR over the last five years is negative, indicating an overall downturn.
Future trends to watch for include:
- Innovation in applications and sustainability could drive market development.
- Environmental regulations may influence production processes.
- Economic conditions in the EU could impact demand and growth.
