The market size for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium in Belgium stood at 70.327 million kilograms in 2023. Over the past decade, the market has shown a consistent growth trend, with a significant rise in volume from 49.504 million kilograms in 2013. The most recent trends indicate a steady increase, with year-on-year growth of 2.16% in 2022 and 2.1% in 2023. The 5-year CAGR from 2018 to 2023 was 3%, demonstrating moderate yet sustained growth in market volume.
Future trends to watch for:
- Potential fluctuations in demand due to regulatory changes or economic shifts.
- Growth in sustainable and eco-friendly product options as market preferences evolve.
- Advancements in product performance and technology impacting market dynamics.
How does Belgium rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Volume?
| # | 22 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 788,300,000 | 2023 | -0.48% | +0.16% | View data |
| 2 | 2 United Kingdom | 588,050,000 | 2023 | +1.43% | +2.11% | View data |
| 3 | 3 Spain | 479,600,000 | 2023 | +1.71% | -0.12% | View data |
| 4 | 4 Italy | 477,680,000 | 2023 | -0.94% | -1.25% | View data |
| 5 | 5 France | 470,860,000 | 2023 | +1.14% | +0.56% | View data |
| 10 | 10 Sweden | 98,079,000 | 2023 | +0.24% | +0.57% | View data |
| 11 | 11 Greece | 80,190,000 | 2023 | -0.066% | +3.05% | View data |
| 12 | 12 Belgium | 70,327,000 | 2023 | +2.1% | +3% | |
| 13 | 13 Austria | 51,146,000 | 2023 | -0.15% | -1.17% | View data |
| 14 | 14 Denmark | 47,945,000 | 2023 | +1.38% | +2.57% | View data |
