In 2023, Italy emerged as the leading producer in the European market for Paints, Varnishes, Printing Ink, and Mastics, accounting for 24.47% of the total production by volume. Germany followed with 18.16%, showing a minimal growth of 0.89% year-on-year. Spain and France demonstrated decreasing trends with -4.86% and -2.51% respectively. The United Kingdom slightly increased by 0.45%. Notably, Norway saw a significant rise with a 78.72% increase, making it a key player. Other countries such as Poland, Bulgaria, and Sweden also marked moderate growth.
Future trends to watch include increased production capacity in smaller markets like Estonia and Macedonia, both showing impressive growth in 2023, hinting at increased competitiveness. Sustainable production and eco-friendly materials are likely trends influencing the production landscape across Europe. Monitoring regulatory changes and technology advancements will be crucial as these factors could significantly impact production methodologies and volumes.
Top countries in Sold Production of Paints, Varnishes, Printing Ink and Mastics Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 24.47 | 2023 | +6.06% | +13.52% | View data |
| 2 | 2 Germany | 18.16 | 2023 | +0.71% | +0.89% | View data |
| 3 | 3 Spain | 11.97 | 2023 | -1.37% | -4.86% | View data |
| 4 | 4 France | 9.15 | 2023 | +2.24% | -2.51% | View data |
| 5 | 5 United Kingdom | 6.59 | 2023 | -0.5% | +0.45% | View data |
| 6 | 6 Poland | 4.38 | 2023 | +1.46% | +2.38% | View data |
| 7 | 7 Norway | 4.2 | 2023 | -0.084% | +78.72% | View data |
| 8 | 8 Sweden | 3.74 | 2023 | +2.49% | +3.93% | View data |
| 9 | 9 Bulgaria | 3.34 | 2023 | +3.08% | +4.73% | View data |
| 10 | 10 Hungary | 2.76 | 2023 | +5.28% | +0.66% | View data |
