In 2023, Germany led in the European production of paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium, controlling a substantial market share. Italy followed, showing a strong year-on-year growth rate of 3.21%. France experienced a slight decline, while the United Kingdom and Poland saw steady growth. Significant improvements were observed in Sweden, and impressive growth rates were noted in Finland and Bosnia and Herzegovina. Netherlands and Belgium faced notable declines.
Future trends to watch include potential market expansion in central and eastern European countries as they modernize their manufacturing facilities, with Denmark showing substantial potential due to its recent growth surge. The sector is expected to see continuous advancements in eco-friendly production technologies, likely impacting market dynamics favorably. Monitoring shifts in production capacity and regulatory changes will be crucial for forecasting market movements.
Top countries in Sold Production of Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers, in a Non-Aqueous Medium Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.68 | 2023 | +1.21% | +0.45% | View data |
| 2 | 2 Italy | 21.41 | 2023 | +2.46% | +3.21% | View data |
| 3 | 3 France | 12 | 2023 | -0.12% | -0.52% | View data |
| 4 | 4 United Kingdom | 10.79 | 2023 | +0.29% | +0.78% | View data |
| 5 | 5 Poland | 5.58 | 2023 | +2.8% | +2.66% | View data |
| 6 | 6 Spain | 5.07 | 2021 | -44.35% | -11% | View data |
| 7 | 7 Sweden | 3.56 | 2023 | +2.21% | +5.24% | View data |
| 8 | 8 Netherlands | 2.21 | 2023 | -6.28% | -6.87% | View data |
| 9 | 9 Greece | 2.12 | 2023 | +1.53% | +5.49% | View data |
| 10 | 10 Belgium | 2 | 2023 | -0.63% | -7.44% | View data |
