The 2023 market analysis for European paints and varnishes based on acrylic or vinyl polymers in an aqueous medium shows growth variability among countries. Germany leads with the highest market value, followed by France and the UK, while Estonia and Luxembourg are at the lower end. Notable year-on-year growth is seen in the Netherlands at 7.59% and Hungary at 4.63%. On the contrary, Bulgaria, Italy, and Belgium experienced declines.
Forecasts for 2024 anticipate:
- Continued growth in environmentally conscious markets, particularly in northern Europe.
- Technological advancements driving demand with innovative, sustainable product offerings.
- Potential challenges from raw material costs and regulatory changes across the EU.
Top countries in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Value by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,104,700,000 | 2023 | +0.14% | +1.28% | View data |
| 2 | 2 France | 1,708,500,000 | 2023 | -0.45% | -0.77% | View data |
| 3 | 3 United Kingdom | 1,432,300,000 | 2023 | -0.76% | +0.024% | View data |
| 4 | 4 Italy | 1,401,200,000 | 2023 | -1.13% | -1.38% | View data |
| 5 | 5 Spain | 920,690,000 | 2023 | +1.5% | +0.24% | View data |
| 6 | 6 Netherlands | 766,720,000 | 2023 | +5.46% | +7.59% | View data |
| 7 | 7 Sweden | 462,210,000 | 2023 | +0.77% | +1.91% | View data |
| 8 | 8 Romania | 341,210,000 | 2023 | +3.4% | +3.67% | View data |
| 9 | 9 Portugal | 308,300,000 | 2023 | +1.11% | +1.07% | View data |
| 10 | 10 Czech Republic | 293,190,000 | 2023 | +3.71% | +0.82% | View data |
