The Romanian market for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium grew from 181.73 million euros in 2013 to 341.21 million euros in 2023. The market has exhibited an overall positive trend with fluctuating year-on-year growth rates, reaching a 3.4% increase in 2023. The CAGR over the last five years stands at 3.67%, reflecting a steady annual growth rate.
Key trends over the past decade noted significant expansion, particularly from 2015 to 2017, highlighting increasing demand and market developments. More recently, the growth rate has stabilized slightly, suggesting a maturing market.
Future trends to watch for include continued innovation in eco-friendly products, potential regulatory changes impacting product formulations, and the influence of economic factors on construction and renovation activities, which are critical drivers of product demand.
How does Romania rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,104,700,000 | 2023 | +0.14% | +1.28% | View data |
| 2 | 2 France | 1,708,500,000 | 2023 | -0.45% | -0.77% | View data |
| 3 | 3 United Kingdom | 1,432,300,000 | 2023 | -0.76% | +0.024% | View data |
| 4 | 4 Italy | 1,401,200,000 | 2023 | -1.13% | -1.38% | View data |
| 5 | 5 Spain | 920,690,000 | 2023 | +1.5% | +0.24% | View data |
| 6 | 6 Netherlands | 766,720,000 | 2023 | +5.46% | +7.59% | View data |
| 7 | 7 Sweden | 462,210,000 | 2023 | +0.77% | +1.91% | View data |
| 8 | 8 Romania | 341,210,000 | 2023 | +3.4% | +3.67% | |
| 9 | 9 Portugal | 308,300,000 | 2023 | +1.11% | +1.07% | View data |
| 10 | 10 Czech Republic | 293,190,000 | 2023 | +3.71% | +0.82% | View data |
