The Austrian market for organic composite solvents and thinners, not based on butyl acetate, in conjunction with coatings and inks, saw fluctuations over the last decade. In 2023, the market size reached 13.046 million Euros, representing a continued decline with a year-on-year decrease of 1.89%. Over the last five years, the compound annual growth rate reflects a negative trend at -2.12%, indicating shrinking market performance. Notably, a major drop occurred from 2014 to 2015, with partial recoveries in subsequent years, ultimately leading to a steady downward trajectory by 2023.
Looking ahead, emerging regulations on environmental standards and an increased shift towards eco-friendly and sustainable materials may influence market dynamics. Innovation trends pushing for substitutes with lower VOC emissions and heightened industry emphasis on environmental compliance may offer opportunities for growth in alternative solvent products.
How does Austria rank in Organic Composite Solvents and Thinners Not Based on Butyl Acetate Used in Conjunction with Coatings and Inks Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 229,930,000 | 2023 | +7.54% | +7.53% | View data |
| 2 | 2 Romania | 47,230,000 | 2023 | +3.33% | +3.54% | View data |
| 3 | 3 Czech Republic | 30,382,000 | 2023 | +0.39% | -3.79% | View data |
| 4 | 4 Greece | 23,495,000 | 2023 | +3.1% | +1.7% | View data |
| 5 | 5 Portugal | 23,074,000 | 2023 | -1.79% | +0.41% | View data |
| 6 | 6 Finland | 15,409,000 | 2023 | +0.22% | +0.13% | View data |
| 7 | 7 Austria | 13,046,000 | 2023 | -1.89% | -2.12% | |
| 8 | 8 Sweden | 12,870,000 | 2023 | +2.59% | -3.15% | View data |
| 9 | 9 Bulgaria | 9,277,600 | 2023 | -2.45% | -2.76% | View data |
