The Danish market for paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium showed a steady increase from 2013 to 2023, rising from 18.629 million kilograms to 36.345 million kilograms. Over the last two years, the market experienced year-on-year growth rates of 4.36% in 2022 and 4.13% in 2023. The compound annual growth rate (CAGR) over the last five years was 4.42%, indicating consistent demand in this product category.
- Between 2013 and 2023, the market grew at an average rate, reflecting steady demand.
- Significant growth was observed between 2015 and 2016, and recovery trends were noted from 2021 onwards.
- Despite some year-on-year fluctuations, the overall volume increased significantly over this period.
Future trends worth watching include advancements in eco-friendly product formulations and shifts in construction and automotive industries that may drive demand further. Emphasis on sustainable paints may open new market opportunities, impacting volume forecasts positively.
How does Denmark rank in Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers in a Non-Aqueous Medium Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 269,920,000 | 2023 | -0.22% | -0.62% | View data |
| 2 | 2 France | 262,290,000 | 2023 | +0.047% | -2.23% | View data |
| 3 | 3 Germany | 254,500,000 | 2023 | +1.61% | -3.59% | View data |
| 4 | 4 United Kingdom | 200,580,000 | 2023 | +0.65% | +0.84% | View data |
| 5 | 5 Poland | 177,520,000 | 2023 | +1.59% | +1.8% | View data |
| 10 | 10 Romania | 43,187,000 | 2023 | -2.33% | -1.9% | View data |
| 11 | 11 Austria | 38,175,000 | 2023 | -1.16% | +0.31% | View data |
| 12 | 12 Denmark | 36,345,000 | 2023 | +4.13% | +4.42% | |
| 13 | 13 Hungary | 30,819,000 | 2023 | +1.72% | +0.34% | View data |
| 14 | 14 Sweden | 30,360,000 | 2023 | -4.19% | -3.61% | View data |
