The synthetic rubber market in Finland has experienced significant fluctuations in value over the past decade. Starting at 322.16 million euros in 2012, it saw an initial rise in 2013 to 346.76 million euros. However, from 2014 to 2022, the market predominantly trended downward, reaching 220.04 million euros in 2022. The year-on-year variations highlight this volatility with peaks and troughs, such as a 14.77% decline in 2015 and a 17.61% drop in 2019. The CAGR has reflected these shifts, with the last five-year average at -3.58%. In 2023, the market is crucially positioned as the data will demonstrate either stabilization or continued decline.
Future trends to watch for include advances in sustainable synthetic rubber production, shifts in automotive and manufacturing demand, and regulatory changes. Emerging technologies and environmental regulations may play significant roles in shaping the market dynamics moving forward.
