In 2023, Italy led the European production of organic composite solvents and thinners based on butyl acetate with a significant rise of 73.83% year-on-year, reaching 253.64 million euros. Germany followed, experiencing a decline of 4.29%, whereas Spain, the Netherlands, and Poland showed moderate growth at 17.92%, 23.53%, and 13.05%, respectively. France witnessed a slight decrease of 3.44%, and the UK grew modestly by 10.39%. Smaller markets showed varying trends, with Bulgaria, Portugal, and Denmark experiencing double-digit fluctuations.
Future trends to watch include:
- Continued growth in Italy driven by sustainable production practices and innovation.
- Market stabilization in Germany amidst regulatory changes and economic conditions.
- Potential expansion in Spain and the Netherlands due to increasing demand in the coatings and inks sectors.
- Monitoring the performance in emerging markets like Bulgaria and Poland for new growth opportunities.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks, Based on Butyl Acetate by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 253,640,000 | 2023 | +35.2% | +73.83% | View data |
| 2 | 2 Germany | 40,439,000 | 2023 | -0.75% | -4.29% | View data |
| 3 | 3 Spain | 27,614,000 | 2023 | +3.65% | +17.92% | View data |
| 4 | 4 Netherlands | 21,793,000 | 2023 | +20.95% | +23.53% | View data |
| 5 | 5 Poland | 9,208,500 | 2023 | +5.1% | +13.05% | View data |
| 6 | 6 France | 7,794,000 | 2023 | -6.91% | -3.44% | View data |
| 7 | 7 United Kingdom | 6,153,800 | 2023 | +2.48% | +10.39% | View data |
| 8 | 8 Austria | 4,203,700 | 2023 | +5.52% | +7.74% | View data |
| 9 | 9 Portugal | 3,444,800 | 2023 | -1.8% | -3.78% | View data |
| 10 | 10 Bulgaria | 2,405,700 | 2023 | +3.42% | +13.39% | View data |
