The market size for organic composite solvents and thinners based on butyl acetate used in coatings and inks in Romania saw a noticeable decline from 2013 to 2023, decreasing from 7.4293 million Euros to 3.4749 million Euros. This marks a significant contraction of the market. Between 2022 and 2023, a year-on-year decline of 9% was observed, and the average annual growth rate over the last five years (CAGR) was -5.1%. The initial years (2013-2017) faced major declines, followed by a slight rebound in 2020, and then continued decline.
Looking forward, it's critical to monitor the recovery of the Romanian economy, which may influence increased demand. Potential regulatory changes aimed at sustainable solutions could also impact market dynamics, affecting the reliance on traditional organic solvents.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 50,540,000 | 2023 | +0.045% | +1.34% | View data |
| 2 | 2 France | 16,820,000 | 2023 | +0.19% | +1.68% | View data |
| 3 | 3 Portugal | 7,293,100 | 2023 | -0.75% | -1.82% | View data |
| 4 | 4 Romania | 3,474,900 | 2023 | -9% | -5.1% | |
| 5 | 5 Finland | 1,878,700 | 2023 | -0.49% | -0.3% | View data |
| 6 | 6 Croatia | 816,150 | 2023 | -3.34% | -3.28% | View data |
