In 2023, Poland led the European market for aromatic polycarboxylic and carboxylic acids with additional oxygen functions, capturing the highest value share. Spain and Italy followed, showing strong year-on-year growth of 12.86% and 7.67% respectively. Conversely, Germany faced a notable decline of 11.03%. Moderate increases were observed in Hungary and Belgium, while Denmark experienced a significant reduction. Notably, Portugal posted the highest growth at 21.11%, despite its small share. Future trends to watch include Eastern European countries potentially increasing their share, and technological advancements influencing production efficiencies across Europe.
Top countries in Sold Production of Aromatic Polycarboxylic and Carboxylic Acids with Additional Oxygen Functions Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 37.77 | 2023 | +5.9% | +9.05% | View data |
| 2 | 2 Spain | 19.24 | 2023 | +11.63% | +12.86% | View data |
| 3 | 3 Italy | 18.99 | 2023 | +6.72% | +7.67% | View data |
| 4 | 4 France | 8.97 | 2023 | +0.64% | -2.5% | View data |
| 5 | 5 Germany | 8.5 | 2023 | -11.74% | -11.03% | View data |
| 6 | 6 Hungary | 3.04 | 2023 | +4.9% | +1.89% | View data |
| 7 | 7 Belgium | 2.91 | 2023 | +29.46% | +1.76% | View data |
| 8 | 8 Denmark | 0.79 | 2023 | +5.98% | -11.05% | View data |
| 9 | 9 Finland | 0.54 | 2023 | +3.79% | +12.38% | View data |
| 10 | 10 Austria | 0.3 | 2023 | +6.81% | +0.95% | View data |
