In 2023, Germany dominated the European organic composite solvents and thinners market not based on butyl acetate, with a significant market share of 55.59 million euros. Romania was a distant second at 11.42 million euros, followed by the Czech Republic at 7.35 million euros. Germany showed the strongest year-on-year growth at 7.53%, while the Czech Republic and Sweden saw declines of 3.79% and 3.15%, respectively.
Looking ahead, the European market for these solvents and thinners is expected to show moderate growth. Key factors include advancements in eco-friendly technologies, regulatory changes, and shifts in industrial demand patterns. Monitoring environmental regulations and shifts towards sustainable production will be crucial for navigating the competitive landscape.
Top countries in Organic Composite Solvents and Thinners Not Based on Butyl Acetate Used in Conjunction with Coatings and Inks Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.59 | 2023 | +7.54% | +7.53% | View data |
| 2 | 2 Romania | 11.42 | 2023 | +3.33% | +3.54% | View data |
| 3 | 3 Czech Republic | 7.35 | 2023 | +0.39% | -3.79% | View data |
| 4 | 4 Greece | 5.68 | 2023 | +3.1% | +1.7% | View data |
| 5 | 5 Portugal | 5.58 | 2023 | -1.79% | +0.41% | View data |
| 6 | 6 Finland | 3.73 | 2023 | +0.22% | +0.13% | View data |
| 7 | 7 Austria | 3.15 | 2023 | -1.89% | -2.12% | View data |
| 8 | 8 Sweden | 3.11 | 2023 | +2.59% | -3.15% | View data |
| 9 | 9 Bulgaria | 2.24 | 2023 | -2.45% | -2.76% | View data |
| 10 | 10 Croatia | 2.16 | 2023 | +1.33% | +0.57% | View data |
