The Styrene Polymers Market in Romania experienced fluctuations from 2013 to 2023. The market reached a valuation of 504.6 million Euros in 2023. Key growth occurred from 2015 to 2017, peaking with an 18.1% year-on-year increase in 2016. The market contracted notably in 2020 with a 14.22% decline, followed by recovery and a slower growth rate, reaching a 2.87% increase in 2023. The five-year CAGR from 2019 to 2023 averaged 2.97%, indicating overall moderate growth.
Future trends to watch for include potential market stabilization as growth steadies, increased demand linked to sustainability and technological innovations, and geopolitical and economic factors impacting market dynamics.
How does Romania rank in Styrene Polymers Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,272,700,000 | 2023 | -1.86% | -2.61% | View data |
| 2 | 2 United Kingdom | 559,760,000 | 2023 | +1.96% | +2.06% | View data |
| 3 | 3 Romania | 504,600,000 | 2023 | +2.87% | +2.97% | |
| 4 | 4 Portugal | 313,550,000 | 2023 | +1.32% | +0.83% | View data |
| 5 | 5 Slovakia | 211,040,000 | 2023 | +3.68% | -0.31% | View data |
