The European sold production of paints and varnishes based on polyesters in non-aqueous mediums for 2023 shows France as the leading producer with a significant annual increase of 2.3%. Notable growth is observed in Poland (3.63%), Sweden (5.66%), Greece (5.66%), and Denmark (18.13%), indicating strong markets in these regions. Conversely, Germany and Spain show declines at -6.59% and -5.25%, respectively, with the Netherlands experiencing a significant drop at -14.89%. Smaller markets such as Bulgaria, Croatia, and Romania also saw declines, while Lithuania remained flat. Overall, the 5-year CAGR suggests varied trends across countries.
Future trends to watch include the potential for increased production capacity in Eastern Europe, driven by competitive manufacturing costs and export opportunities. Innovation in eco-friendly paint solutions could reshape industry dynamics, especially given the growing regulatory and consumer emphasis on sustainability. Countries that adapt quickly to these emerging opportunities and environmental standards may see significant growth in this sector.
Top countries in Sold Production of Paints and Varnishes, Based on Polyesters Dispersed or Dissolved in a Non-Aqueous Medium (Excluding Enamels and Lacquers) by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 364,360,000 | 2023 | +1.09% | +2.3% | View data |
| 2 | 2 Italy | 290,310,000 | 2023 | +0.0037% | -4.07% | View data |
| 3 | 3 Poland | 203,870,000 | 2023 | +3.12% | +3.63% | View data |
| 4 | 4 Germany | 187,740,000 | 2023 | -9.57% | -6.59% | View data |
| 5 | 5 Spain | 151,710,000 | 2023 | +1.5% | -5.25% | View data |
| 6 | 6 Sweden | 146,780,000 | 2023 | +0.88% | +5.66% | View data |
| 7 | 7 Greece | 139,270,000 | 2023 | +1.82% | +5.66% | View data |
| 8 | 8 United Kingdom | 129,400,000 | 2023 | +1.27% | +2.61% | View data |
| 9 | 9 Portugal | 74,484,000 | 2023 | +2.34% | +2.69% | View data |
| 10 | 10 Denmark | 73,419,000 | 2023 | +3.93% | +18.13% | View data |
