In 2023, Spain leads European production of aromatic polycarboxylic and carboxylic acids with additional oxygen functions, reaching a volume of 132.39 million kilograms. The year-on-year trends show notable growth in Spain (10.76%) and Italy (6.3%), while Poland and France faced significant declines of 33.44% and 56.11%, respectively. Consistency is seen in Sweden with no variation. The CAGR reveals positive trends for Croatia, Finland, Portugal, and Estonia, indicating potential growth opportunities in these regions.
Future trends to watch include:
- Spain and Italy maintaining their leadership roles with steady upward growth.
- Possible recovery or strategic shifts in Poland and France to address production declines.
- Monitoring smaller emerging markets like Croatia and Estonia for sustained growth potential.
- The impact of technological advancements and environmental regulations on production processes.
Top countries in Production of Aromatic Polycarboxylic and Carboxylic Acids with Additional Oxygen Functions by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 132,390,000 | 2023 | +2.81% | +10.76% | View data |
| 2 | 2 Italy | 123,540,000 | 2023 | +3.78% | +6.3% | View data |
| 3 | 3 Poland | 63,638,000 | 2023 | +1.5% | -33.44% | View data |
| 4 | 4 Belgium | 20,902,000 | 2021 | +16350% | -0.73% | View data |
| 5 | 5 Germany | 17,811,000 | 2023 | -48.29% | -10.93% | View data |
| 6 | 6 Sweden | 10,532,000 | 2023 | +3.95% | View data | |
| 7 | 7 France | 3,651,900 | 2023 | -40.78% | -56.11% | View data |
| 8 | 8 Denmark | 3,322,400 | 2023 | +0.009% | -21.27% | View data |
| 9 | 9 Finland | 1,319,200 | 2023 | +5.81% | +14.32% | View data |
| 10 | 10 Netherlands | 1,078,000 | 2021 | View data |
