The production value of dyes and pigments in Finland saw fluctuations over the past decade with notable drops in 2019 and 2020, followed by a significant recovery in 2021. As of 2023, the value stands at 315.9 million Euros. Year-on-year, there were positive growth rates in recent years but overall, there is a negative compound annual growth rate (CAGR) over the last five years at -4.21%. Future projections show a relatively stable to slightly declining trend, with a forecasted CAGR of -0.24% by 2028.
Future trends to watch for:
- Impact of sustainability trends and regulations on production methods and costs.
- Technological advancements in dye and pigment manufacturing.
- Global economic conditions affecting raw material prices and supply chains.