The market for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium in Belgium concluded 2023 with a value of 133.23 million euros. Recent trends indicate a declining trajectory, with the market showing negative growth from 2022 and 2023, at -1.46% and -1.52% year-on-year, respectively. Over the last five years, the compound annual growth rate (CAGR) has been -1.26%, reflecting a market in gradual contraction following a peak in 2019.
Moving forward, watch for trends such as the increasing emphasis on sustainable and environmentally friendly products, which could influence market dynamics, and technological advancements in formulation for improved product performance that might stimulate demand.
How does Belgium rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,104,700,000 | 2023 | +0.14% | +1.28% | View data |
| 2 | 2 France | 1,708,500,000 | 2023 | -0.45% | -0.77% | View data |
| 3 | 3 United Kingdom | 1,432,300,000 | 2023 | -0.76% | +0.024% | View data |
| 4 | 4 Italy | 1,401,200,000 | 2023 | -1.13% | -1.38% | View data |
| 5 | 5 Spain | 920,690,000 | 2023 | +1.5% | +0.24% | View data |
| 13 | 13 Greece | 183,940,000 | 2023 | -1.41% | +2.51% | View data |
| 14 | 14 Denmark | 171,540,000 | 2023 | +1.76% | +3.73% | View data |
| 15 | 15 Belgium | 133,230,000 | 2023 | -1.52% | -1.52% | |
| 16 | 16 Slovakia | 117,210,000 | 2023 | +2.34% | -1.28% | View data |
| 17 | 17 Lithuania | 56,590,000 | 2023 | +5.15% | +4.88% | View data |
