The Paints and Coatings market in Portugal reached a size of 1022.0 million Euros in 2023, marking a year-on-year increase of 0.78%. Over the last two years, growth stagnated with only minor increases, following the peak growth of 5.67% in 2021. The 5-year CAGR stood at 2.09%, indicating moderate growth despite recent fluctuations. This reflects a stable yet gradually accelerating market since 2013, with notable expansion observed in 2016 and 2019.
Future trends to watch for:
- Increased demand for eco-friendly and sustainable products, driven by consumer preferences and regulatory pressures.
- Technological advancements, such as smart coatings and additives, offering enhanced functionalities.
- Potential impacts of economic factors and construction sector trends on market dynamics.
How does Portugal rank in Paints and Coatings Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 6,222,600,000 | 2023 | +5.31% | +5.57% | View data |
| 2 | 2 Germany | 5,339,000,000 | 2023 | +0.19% | +3.24% | View data |
| 3 | 3 United Kingdom | 4,832,500,000 | 2023 | +0.73% | +1.8% | View data |
| 4 | 4 France | 4,665,700,000 | 2023 | +0.44% | -0.099% | View data |
| 5 | 5 Spain | 4,281,100,000 | 2023 | +1.58% | +1.4% | View data |
| 6 | 6 Poland | 2,484,800,000 | 2023 | +1.45% | +1.06% | View data |
| 7 | 7 Netherlands | 1,275,300,000 | 2023 | +0.14% | +2.4% | View data |
| 8 | 8 Portugal | 1,022,000,000 | 2023 | +0.78% | +2.09% | |
| 9 | 9 Sweden | 866,870,000 | 2023 | -0.18% | +0.79% | View data |
| 10 | 10 Czech Republic | 836,960,000 | 2023 | +0.5% | -0.12% | View data |
