In 2024, Germany dominated the European market for artificial and prepared waxes other than of polyethylene glycol with a significant share of 42.34% in value terms. Denmark followed with a considerable portion of 17.14%, exhibiting strong year-on-year growth from 2023 at 17.51%. Italy's share stood at 14.39%, while Spain and the United Kingdom held 6.81% and 6.67%, respectively. Notably, Finland saw a remarkable increase of 54.08% in 2023, indicating a rapidly growing segment despite starting from a smaller base. Other countries like Sweden and Estonia had minimal market shares.
Future trends to observe include:
- Germany’s sustained market dominance but with possible faster growth in Denmark and Finland.
- The potential impact of technological advancements on production efficiency.
- Sustainability and regulatory changes possibly reshaping market dynamics.
- Emerging markets within Europe might reshape the competitive landscape.
Top countries in Sold Production of Artificial and Prepared Waxes Other than of Polyethylene Glycol Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.34 | 2023 | +2.76% | +3.64% | View data |
| 2 | 2 Denmark | 17.14 | 2023 | +15.74% | +17.51% | View data |
| 3 | 3 Italy | 14.39 | 2023 | +1.56% | +5.48% | View data |
| 4 | 4 Spain | 6.81 | 2023 | -0.67% | +0.32% | View data |
| 5 | 5 United Kingdom | 6.67 | 2023 | +3.19% | +2.15% | View data |
| 6 | 6 Netherlands | 5.25 | 2023 | +2.62% | +2.01% | View data |
| 7 | 7 France | 4.36 | 2023 | +0.35% | +1.33% | View data |
| 8 | 8 Finland | 0.73 | 2023 | +3.12% | +54.08% | View data |
| 9 | 9 Sweden | 0.042 | 2021 | +83.53% | -4.29% | View data |
| 10 | 10 Estonia | 0 | 2023 | -5.99% | +3.31% | View data |
