In Italy, the forecasted production of polymers of vinyl chloride in primary forms for 2024 is 324.34 million kilograms, with an expected rise to 363.38 million kilograms by 2028. Compared to 2023, where the actual figure was 314 million kilograms, the production is projected to increase steadily over the coming years.
The year-on-year percentage growth from 2024 to 2025 is approximately 3.05%, from 2025 to 2026 is 2.94%, from 2026 to 2027 is 2.83%, and from 2027 to 2028 is 2.71%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 2.96%.
Future trends to watch for:
- Technological advancements influencing production efficiency.
- Regulatory changes impacting demand and production capabilities.
- Market demand shifts due to environmental considerations or alternative materials.
- Global economic factors affecting the supply chain and raw material costs.