Over the decade from 2013 to 2023, the isocyanates market volume in Sweden exhibited a generally declining trend. By 2023, the market volume stood at 3.6859 million kilograms. Significant reductions in market volume were observed, particularly between 2017 and 2023, with a compound annual growth rate (CAGR) of -4.92% over the last five years. Year-on-year changes intensified this downward trajectory, marked by prominent decreases in 2018 (-7.59%), 2019 (-10.16%), 2022 (-13.49%), and 2023 (-5.85%).
Future trends to watch for include:
- Increasing environmental regulations impacting production processes.
- Growth in alternatives and innovations seeking to replace traditional isocyanates.
- The impact of evolving demand in industries like automotive and construction.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 342,660,000 | 2023 | +1.23% | +1.02% | View data |
| 2 | 2 Italy | 137,870,000 | 2023 | +0.11% | +0.098% | View data |
| 3 | 3 United Kingdom | 43,685,000 | 2023 | +0.67% | -0.33% | View data |
| 4 | 4 Lithuania | 7,471,000 | 2023 | +3.71% | +3.64% | View data |
| 5 | 5 Sweden | 3,712,300 | 2023 | -5.85% | -4.92% |
