In 2023, Poland led European production of aromatic polycarboxylic and carboxylic acids with additional oxygen functions, boasting significant growth at 9.05% year-on-year. Spain and Finland also showcased notable growth at 12.86% and 12.38%, respectively. Italy and Hungary managed modest increases, while France and Germany saw declines at -2.5% and -11.03%. Smaller markets such as Portugal experienced remarkable growth at 21.11%, whereas other countries like Denmark faced a decline of -11.05%.
Future trends in European aromatic polycarboxylic and carboxylic acid production suggest a continued demand increase in Eastern and Southern Europe, driven by industrial applications. Monitoring technology innovation and regulation changes will be crucial for market players to capitalize on growth opportunities across Europe.
Top countries in Sold Production of Aromatic Polycarboxylic and Carboxylic Acids with Additional Oxygen Functions by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 652,670,000 | 2023 | +5.9% | +9.05% | View data |
| 2 | 2 Spain | 332,450,000 | 2023 | +11.63% | +12.86% | View data |
| 3 | 3 Italy | 328,170,000 | 2023 | +6.72% | +7.67% | View data |
| 4 | 4 France | 155,020,000 | 2023 | +0.64% | -2.5% | View data |
| 5 | 5 Germany | 146,890,000 | 2023 | -11.74% | -11.03% | View data |
| 6 | 6 Hungary | 52,604,000 | 2023 | +4.9% | +1.89% | View data |
| 7 | 7 Belgium | 50,293,000 | 2023 | +29.46% | +1.76% | View data |
| 8 | 8 Denmark | 13,725,000 | 2023 | +5.98% | -11.05% | View data |
| 9 | 9 Finland | 9,371,900 | 2023 | +3.79% | +12.38% | View data |
| 10 | 10 Austria | 5,121,700 | 2023 | +6.81% | +0.95% | View data |
