In 2023, Germany led the European market for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium by volume share. The United Kingdom followed, experiencing a 2.11% increase. Other major contributors include Spain, Italy, and France, with Spain and Italy experiencing slight declines. Notably, Greece and Belgium showed significant positive year-on-year growth. Over the last five years, Lithuania and Estonia recorded the highest compound annual growth rates. Despite Spain's slight dip, the industry has experienced an overall positive trend, reflected by a CAGR that suggests steady growth across most regions.
Future trends in the European market include a focus on sustainability, emphasizing eco-friendly production processes and products. Innovations in digital tools for increased efficiency and personalized solutions are anticipated. Additionally, expansion in Eastern European countries presents growth opportunities, driven by industrialization and construction developments.
Top countries in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Volume Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.72 | 2023 | -0.48% | +0.16% | View data |
| 2 | 2 United Kingdom | 14.71 | 2023 | +1.43% | +2.11% | View data |
| 3 | 3 Spain | 12 | 2023 | +1.71% | -0.12% | View data |
| 4 | 4 Italy | 11.95 | 2023 | -0.94% | -1.25% | View data |
| 5 | 5 France | 11.78 | 2023 | +1.14% | +0.56% | View data |
| 6 | 6 Poland | 8.07 | 2023 | -0.78% | -0.84% | View data |
| 7 | 7 Hungary | 3.27 | 2023 | +3.18% | +2.75% | View data |
| 8 | 8 Portugal | 2.78 | 2023 | +0.23% | +1.16% | View data |
| 9 | 9 Czech Republic | 2.47 | 2023 | -1.22% | -1.94% | View data |
| 10 | 10 Sweden | 2.45 | 2023 | +0.24% | +0.57% | View data |
