The Paints and Varnishes market based on acrylic or vinyl polymers in Belgium stood at 50.409 million kilograms in 2023. Between 2013 and 2023, the market experienced fluctuations, with a notable decline from 2013 to 2016, followed by relatively stable growth and minor fluctuations thereafter. Year-on-year variations showed a slight increase in 2022 and 2023. The Compound Annual Growth Rate over the past five years indicates a modest growth of 1.57%.
Future trends to watch for include:
- Potential market growth driven by sustainable and eco-friendly product demand.
- Technological advancements in product formulations improving performance features.
- Increased construction and renovation activities potentially impacting market volume.
How does Belgium rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in an Aqueous Medium Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 568,210,000 | 2023 | -1.68% | -1.34% | View data |
| 2 | 2 United Kingdom | 536,890,000 | 2023 | +1% | +1.59% | View data |
| 3 | 3 France | 469,240,000 | 2023 | -0.19% | +0.5% | View data |
| 4 | 4 Spain | 316,180,000 | 2023 | -0.88% | -0.21% | View data |
| 5 | 5 Italy | 288,300,000 | 2023 | -3.38% | -4.42% | View data |
| 11 | 11 Greece | 82,217,000 | 2023 | -0.058% | +3.54% | View data |
| 12 | 12 Austria | 52,866,000 | 2023 | +0.78% | +0.15% | View data |
| 13 | 13 Belgium | 50,409,000 | 2023 | +0.58% | +1.57% | |
| 14 | 14 Finland | 37,959,000 | 2023 | +0.58% | +1.36% | View data |
| 15 | 15 Czech Republic | 34,524,000 | 2023 | -2.77% | -4.59% | View data |
