In 2023, the sold production of paints and varnishes based on acrylic or vinyl polymers dispersed or dissolved in non-aqueous medium in the UK was approximately 14.2 million kilograms. For the years 2024 to 2028, the forecasted figures indicate a steady increase from 14.837 to 17.058 million kilograms. This represents a year-on-year percentage growth rate of around 3.8% to 4.1%. Over the five years, from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be about 3.7%.
Future trends to watch for include:
- Technological advancements in paint formulation for improved performance and environmental friendliness.
- Growing demand in construction and automotive industries driving production.
- Regulatory changes impacting production processes and product compositions.
- Consumer preferences shifting towards sustainable and eco-friendly products.