In 2023, Germany led Europe in the production of organic composite solvents and thinners used with coatings and inks with significant growth of 2.64% compared to the previous year. Notable increases were also observed in the Netherlands and Poland, growing by 4.42% and 9.04% respectively. Conversely, Italy and Belgium saw declines, with -4.9% and -6.25% year-on-year changes. Across the past five years, several countries maintained positive CAGR indicating steady expansion, with Estonia, Lithuania, and Poland showing notable yearly increases.
Future trends to watch in the European market include:
- Germany's continued dominance and potential for further growth.
- The Netherlands and Poland maintaining upward trajectories driven by innovation and market expansion.
- Italy and Belgium needing strategic shifts to reverse production declines.
- Emergence of Eastern European countries as potential growth markets.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 307,280,000 | 2023 | +1.44% | +2.64% | View data |
| 2 | 2 Spain | 299,440,000 | 2023 | +8.15% | -1.92% | View data |
| 3 | 3 Netherlands | 132,900,000 | 2023 | +2.61% | +4.42% | View data |
| 4 | 4 United Kingdom | 77,469,000 | 2023 | -3.18% | +0.42% | View data |
| 5 | 5 Italy | 72,842,000 | 2023 | -10.92% | -4.9% | View data |
| 6 | 6 France | 60,286,000 | 2023 | +0.29% | +0.11% | View data |
| 7 | 7 Poland | 23,962,000 | 2023 | -0.68% | +9.04% | View data |
| 8 | 8 Belgium | 14,100,000 | 2023 | -11.31% | -6.25% | View data |
| 9 | 9 Portugal | 13,698,000 | 2023 | +4.56% | -1.23% | View data |
| 10 | 10 Bulgaria | 13,644,000 | 2023 | +3.59% | +1.22% | View data |
