The European market for unvulcanised rubber compounded with carbon black or silica is led by Germany, holding a dominant share of 30.16% in 2024, exhibiting a commendable growth of 6.97% in 2023. Italy saw the highest growth at 24.44%, reaching a value share of 7.75%. Spain and the UK experienced slight declines at -0.42% and -2.59% respectively. Notably, Denmark saw a significant increase of 16.12%, albeit from a smaller baseline, indicating potential for growth. France faced a notable downturn with a -34.03% decline, signaling potential challenges.
Future trends to watch:
- Germany's leadership in the market could foster increased investments and innovations in this sector.
- Cautious outlook for France and the UK suggests the need for strategic adjustments to regain market momentum.
- Denmark's recent surge indicates emerging opportunities that could be capitalized on by investors and producers.
- Persistent innovations in compounding techniques might lead to more pronounced growth across the sector.
Top countries in Sold Production of Unvulcanised Rubber Compounded with Carbon Black or Silica Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.16 | 2023 | +6.84% | +6.97% | View data |
| 2 | 2 Spain | 14.42 | 2023 | +6.23% | -0.42% | View data |
| 3 | 3 Poland | 12.57 | 2023 | +1.86% | +1.89% | View data |
| 4 | 4 Czechia | 10.38 | 2023 | |||
| 5 | 5 United Kingdom | 10.1 | 2023 | -1.31% | -2.59% | View data |
| 6 | 6 Italy | 7.75 | 2023 | +5.6% | +24.44% | View data |
| 7 | 7 Sweden | 6.28 | 2023 | +11.35% | +2.75% | View data |
| 8 | 8 Hungary | 5.78 | 2023 | +4.83% | +0.89% | View data |
| 9 | 9 Portugal | 1.18 | 2023 | +9.12% | +0.87% | View data |
| 10 | 10 Bulgaria | 0.51 | 2023 | +1.83% | -2.1% | View data |
