Over the past decade, the Alkyd Resins Market in Denmark has seen fluctuations in volume, starting from 4.76 million kilograms in 2012 and declining to 3.89 million kilograms by 2022. The market experienced its most significant year-on-year drop of 14.7% in 2013. Subsequent years saw minor recoveries and declines, with the Compound Annual Growth Rate (CAGR) for the past five years averaging -2.57%. Annual growth showed some volatility but remained within a certain range, with the market steadily decreasing overall, particularly notable in a consistent trend of reduced volumes between 2019 and 2021.
In 2023, the market had a measured value of 3.75 million kilograms. This indicates a continuing trend of modest decline, though there were occasional upticks such as the 3.72% increase in 2022. Marginal recovery instances highlight the market's sensitivity to broader economic factors and sector-specific changes.
Future trends to watch for include technological advancements in resin formulations, shifts towards more sustainable and eco-friendly products, and industry-wide changes driven by regulatory standards. The impact of global supply chain dynamics and localized economic conditions will also be crucial in shaping the next phases of this market.
How does Denmark rank in Alkyd Resins Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 52,842,000 | 2023 | +3.39% | +2.88% | View data |
| 2 | 2 United Kingdom | 40,360,000 | 2023 | +1.57% | +1.98% | View data |
| 3 | 3 Poland | 27,077,000 | 2023 | +1.77% | +1.42% | View data |
| 4 | 4 Finland | 5,860,200 | 2023 | -3.32% | -1.47% | View data |
| 5 | 5 Sweden | 5,029,000 | 2023 | -4.64% | -5.32% | View data |
| 6 | 6 Denmark | 4,014,600 | 2023 | -1.32% | -1.86% | |
| 7 | 7 Romania | 3,550,800 | 2023 | -2.1% | -1.04% | View data |
| 8 | 8 Estonia | 457,600 | 2023 | -0.13% | +0.3% | View data |
