In 2023, France led European production of polyester-based paints and varnishes (excluding enamels and lacquers) with a 19.75% share, followed by Italy at 15.74% and Poland at 11.05%. Key growth noted in 2023 was driven by Denmark with an 18.13% increase, while significant declines were seen in Bulgaria with -16.57% and the Netherlands with -14.89%. Overall, the data indicates moderate growth in Sweden, Greece, and Poland, contrasted with declines in traditional strongholds like Germany and Spain over the past year. The five-year CAGR reflects mixed trends, suggesting market volatility and regional shifts.
Looking ahead, key future trends to watch include technological advancements in sustainable and eco-friendly paint formulations, potential economic fluctuations influencing manufacturing and export dynamics, and evolving consumer preferences across Europe. Monitoring these variables will be imperative for stakeholders seeking to leverage new growth opportunities and mitigate risks in the European market for non-aqueous medium paints and varnishes.
Top countries in Sold Production of Paints and Varnishes, Based on Polyesters Dispersed or Dissolved in a Non-Aqueous Medium (Excluding Enamels and Lacquers) Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 19.75 | 2023 | +1.09% | +2.3% | View data |
| 2 | 2 Italy | 15.74 | 2023 | +0.0037% | -4.07% | View data |
| 3 | 3 Poland | 11.05 | 2023 | +3.12% | +3.63% | View data |
| 4 | 4 Germany | 10.18 | 2023 | -9.57% | -6.59% | View data |
| 5 | 5 Spain | 8.22 | 2023 | +1.5% | -5.25% | View data |
| 6 | 6 Sweden | 7.96 | 2023 | +0.88% | +5.66% | View data |
| 7 | 7 Greece | 7.55 | 2023 | +1.82% | +5.66% | View data |
| 8 | 8 United Kingdom | 7.01 | 2023 | +1.27% | +2.61% | View data |
| 9 | 9 Portugal | 4.04 | 2023 | +2.34% | +2.69% | View data |
| 10 | 10 Denmark | 3.98 | 2023 | +3.93% | +18.13% | View data |
