The market size volume for paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium in Lithuania steadily increased from 8.36 million kilograms in 2013 to 12.84 million kilograms in 2023. Between 2022 and 2023, a year-on-year growth of 1.78% was observed, following a growth of 1.83% from the previous year. Over the last five years, the compound annual growth rate stood at 4.65%. This indicates consistent market recovery and expansion, particularly following fluctuations in the mid-2010s.
Future trends to monitor include advancements in sustainable and eco-friendly paint formulations, the impact of regulatory changes, and potential economic influences affecting consumer demand. These elements could shape the market's trajectory, presenting opportunities and challenges for stakeholders.
How does Lithuania rank in Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers in a Non-Aqueous Medium Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 269,920,000 | 2023 | -0.22% | -0.62% | View data |
| 2 | 2 France | 262,290,000 | 2023 | +0.047% | -2.23% | View data |
| 3 | 3 Germany | 254,500,000 | 2023 | +1.61% | -3.59% | View data |
| 4 | 4 United Kingdom | 200,580,000 | 2023 | +0.65% | +0.84% | View data |
| 5 | 5 Poland | 177,520,000 | 2023 | +1.59% | +1.8% | View data |
| 16 | 16 Finland | 19,531,000 | 2023 | +0.5% | +0.63% | View data |
| 17 | 17 Bulgaria | 17,490,000 | 2023 | -0.64% | +1.16% | View data |
| 18 | 18 Lithuania | 12,839,000 | 2023 | +1.78% | +4.65% | |
| 19 | 19 Estonia | 9,684,200 | 2023 | +0.81% | +1.15% | View data |
| 20 | 20 Latvia | 5,506,700 | 2023 | +3.08% | +0.63% | View data |
