The 2023 analysis of global R&D expenditure in rubber and plastic manufacturing reveals China's dominant lead with a significant share, outspending others several-fold. Japan and the United States follow, showing moderate expenditure levels. Germany and South Korea rank next, with noteworthy investments. Poland and Israel's R&D spending surged significantly, with Romania notably experiencing phenomenal growth. However, countries like Spain and Mexico saw slight declines, while smaller European nations maintained minor investments.
Looking ahead, China will likely continue expanding its R&D footprint. Rising trends may be anticipated in Eastern Europe and Asia, supported by increasing innovation demand and government incentives. Monitoring geopolitical impacts and sustainability transitions will be essential for understanding future shifts in R&D allocations.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Rubber and Plastic Products Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 55.75 | 2023 | +12.11% | +15.96% | View data |
| 2 | 2 Japan | 13.14 | 2023 | +2.08% | +0.94% | View data |
| 3 | 3 United States | 12.22 | 2023 | +2.58% | +4.72% | View data |
| 4 | 4 Germany | 6.85 | 2023 | +2.95% | +3.51% | View data |
| 5 | 5 South Korea | 5.26 | 2023 | +4.2% | +5.19% | View data |
| 6 | 6 Poland | 1.39 | 2023 | +17.61% | +20.62% | View data |
| 7 | 7 Taiwan | 1.33 | 2023 | +2.77% | +2.82% | View data |
| 8 | 8 Canada | 0.83 | 2023 | +5.81% | +7.15% | View data |
| 9 | 9 United Kingdom | 0.74 | 2023 | +2.2% | +2.01% | View data |
| 10 | 10 Spain | 0.57 | 2023 | +0.42% | -0.81% | View data |
