The Alkyd Resins Market in Belgium has shown a trending growth in the last decade, with notable fluctuations. Starting at €16.618 million in 2012, the market saw a decline until 2013, followed by significant growth peaking at €27.307 million in 2022. The market experienced a major jump in 2014 (23.81%) and 2016 (22.38%). The overall five-year CAGR stood at 0.23%, indicating modest average yearly growth.
Recent variations indicated slower increases: 2021 recorded a 4.26% increase, while 2022 noted a 1.31% rise, suggesting stabilization. The market value in 2023 is critical to note as an indicator of further trends.
Future trends to watch for:
- Technological advancements in resin production.
- Shift towards eco-friendly and sustainable resins.
- Changes in pricing and supply chain dynamics.
How does Belgium rank in Alkyd Resins Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 259,240,000 | 2023 | +0.87% | +0.77% | View data |
| 2 | 2 Spain | 156,380,000 | 2023 | +6.93% | +3.77% | View data |
| 3 | 3 United Kingdom | 83,885,000 | 2023 | +1.35% | -0.31% | View data |
| 4 | 4 Poland | 46,697,000 | 2023 | -0.18% | -0.68% | View data |
| 5 | 5 Italy | 30,727,000 | 2023 | -13.17% | -11.09% | View data |
| 6 | 6 Belgium | 28,729,000 | 2023 | +3.18% | +2.12% | |
| 7 | 7 Finland | 15,721,000 | 2023 | -2.45% | -1.04% | View data |
| 8 | 8 Sweden | 14,791,000 | 2023 | -3.19% | -3.15% | View data |
