The Finnish market for pigments, including metallic powders and flakes dispersed in non-aqueous media, stood at 5.4623 million euros in 2023. Over the last five years, the market has experienced a compound annual growth rate (CAGR) of -0.63%, indicating a slight decline. Year-on-year analysis shows notable contractions, particularly in the last two years, with decreases of 4.97% in 2022 and 5.18% in 2023. A positive spike was recorded in 2019, with a growth of 11.13%, but recent trends highlight a persistent downward pressure.

Future trends to watch for:

Innovation in sustainable and environmentally friendly pigment solutions.
Potential market recovery linked to industrial demand resurgences post-global disruptions.
Emergence of digital and technologically advanced pigments boosting specialized applications.