Key Market Indicators
British Cleaning Compound Production is projected to decline to €1.98 billion by 2028, down from €2.07 billion in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.7% year-on-year. Despite this downward trend, the British supply has shown a modest increase of 0.3% annually since 2013. In 2023, the United Kingdom ranked third in production, overtaken by Spain, which reached €2.07 billion. Spain, the United Kingdom, and Poland occupied the second, third, and fourth spots respectively in the rankings. In terms of Cleaning Compound Consumption, the United Kingdom is also expected to see a decline. Consumption is forecasted to decrease to €2.16 billion by 2028 from €2.32 billion in 2023, averaging a 1.1% drop per year. Since 2013, demand has decreased by 1.6% annually. Italy, the United Kingdom, and France respectively held the second, third, and fourth positions in consumption rankings.
