The market size for paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium in Sweden has shown a decline from 2013 to 2023, with the volume reaching 30.36 million kilograms in 2023. Over the past decade, the market has experienced several significant downturns, with a notable decrease of over 21% in 2020. In recent years, the market showed slight recovery in 2021 and 2022, but declined again by 4.19% in 2023. The compound annual growth rate over the past five years indicated a 3.61% decline on average each year.
Future trends to watch for include:
- Increased demand for sustainable and eco-friendly paints and varnishes as environmental concerns grow.
- Technological advancements leading to new product innovations and potentially revitalizing the market.
- Potential market recovery driven by economic stabilization and construction industry growth.
How does Sweden rank in Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers in a Non-Aqueous Medium Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 269,920,000 | 2023 | -0.22% | -0.62% | View data |
| 2 | 2 France | 262,290,000 | 2023 | +0.047% | -2.23% | View data |
| 3 | 3 Germany | 254,500,000 | 2023 | +1.61% | -3.59% | View data |
| 4 | 4 United Kingdom | 200,580,000 | 2023 | +0.65% | +0.84% | View data |
| 5 | 5 Poland | 177,520,000 | 2023 | +1.59% | +1.8% | View data |
| 12 | 12 Denmark | 36,345,000 | 2023 | +4.13% | +4.42% | View data |
| 13 | 13 Hungary | 30,819,000 | 2023 | +1.72% | +0.34% | View data |
| 14 | 14 Sweden | 30,360,000 | 2023 | -4.19% | -3.61% | |
| 15 | 15 Slovakia | 30,053,000 | 2023 | +1.72% | +1.19% | View data |
| 16 | 16 Finland | 19,531,000 | 2023 | +0.5% | +0.63% | View data |
