In 2023, the sold production of paints and varnishes, based on acrylic or vinyl polymers dispersed in a non-aqueous medium in France, stood significantly higher than the forecasted figure for 2024. The projection for 2024 is set at 60.348 million euros. From 2024 to 2028, a downward trend is apparent with values dropping yearly, resulting in a compound annual growth rate (CAGR) reflecting a decreasing average annual growth rate over the five-year period. By 2028, the market is expected to shrink further to 33.982 million euros.
Future trends to watch for include:
- Rapid adoption of environmentally friendly alternatives driven by stringent regulations.
- Innovation in sustainable and biodegradable products potentially revitalizing segments.
- Impact of geopolitical factors on raw material availability and pricing.