The market for paints and varnishes based on acrylic or vinyl polymers dispersed or dissolved in a non-aqueous medium in Spain stood at a market value of 94.801 million Euros in 2023. Over the past five years, this market experienced fluctuations, with a Compound Annual Growth Rate (CAGR) of only 0.42%. Notably, after a significant decline in 2020 due to adverse conditions, the recovery has been gradual, with modest year-on-year growth from 2021 onwards.
Future trends to watch include the increasing emphasis on sustainable and eco-friendly products, which may influence production and consumption. Additionally, technological advancements in formulations could enhance performance and expand application areas, potentially driving growth in the near to mid-term horizon.
How does Spain rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in a Non-Aqueous Medium with the Weight of the Solvent at Least 50% of the Weight of the Solution Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 94,801,000 | 2023 | +1.21% | +0.42% | |
| 2 | 2 Italy | 92,776,000 | 2023 | -0.13% | -3.64% | View data |
| 3 | 3 Netherlands | 52,611,000 | 2023 | -4.47% | -5.31% | View data |
| 4 | 4 Poland | 41,210,000 | 2023 | +1.79% | +0.33% | View data |
| 5 | 5 Greece | 19,478,000 | 2023 | -0.53% | -0.33% | View data |
