In 2023, France led the European market for paints and varnishes, based on polyesters dispersed or dissolved in a non-aqueous medium, with a significant growth of 12.41% year-over-year. Spain and Italy followed, showing positive growth rates of 4.93% and 7.82%, respectively. In contrast, the United Kingdom and Germany faced declines, with their markets shrinking by 3.69% and 2.22%. Hungary experienced the most substantial drop at 27%, while smaller markets like Croatia showed growth at 9.76%. Over the past five years, moderate growth trends are evident across key markets, notwithstanding specific fluctuations.
Future trends to watch include:
- The impact of emerging environmental regulations on production processes and product formulations.
- Technological advancements in product development that might drive efficiency and costs savings.
- Shifts in consumer preferences towards sustainable and eco-friendly product options.
- Potential market expansions in Eastern European countries as industrial growth continues.
Top countries in Sold Production of Paints and Varnishes, Based on Polyesters Dispersed or Dissolved in a Non-Aqueous Medium (Including Enamels and Lacquers) Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 37.17 | 2023 | +0.71% | +12.41% | View data |
| 2 | 2 Spain | 25.57 | 2023 | +5.28% | +4.93% | View data |
| 3 | 3 Italy | 17.65 | 2023 | +3.76% | +7.82% | View data |
| 4 | 4 United Kingdom | 6.66 | 2023 | +2.85% | -3.69% | View data |
| 5 | 5 Germany | 3.57 | 2023 | -1.43% | -2.22% | View data |
| 6 | 6 Finland | 3.2 | 2023 | +1.91% | +3.47% | View data |
| 7 | 7 Poland | 2.94 | 2023 | +2.17% | +2.86% | View data |
| 8 | 8 Netherlands | 0.51 | 2023 | -2.6% | +7.92% | View data |
| 9 | 9 Hungary | 0.33 | 2023 | -20.42% | -27% | View data |
| 10 | 10 Serbia | 0.12 | 2023 | -8.83% | -5.57% | View data |
