The market size for paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium in Sweden has shown a declining trend from 2013 to 2023. In 2023, the market stood at 160.96 million Euros, with a significant reduction seen especially after 2015. Year-on-year variations over the last two years were -10.19% in 2021, -5.86% in 2022, and -6.16% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately -5.54%, indicating a consistent decrease in market value.
Future trends to watch for include:
- An increased focus on eco-friendly and sustainable products due to consumer and regulatory pressures.
- Technological advancements in polymer and application methods could drive innovations, potentially reviving demand.
- Global economic conditions and raw material price fluctuations impacting the market dynamics.
How does Sweden rank in Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers in a Non-Aqueous Medium Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,338,500,000 | 2023 | +1.46% | -1.3% | View data |
| 2 | 2 France | 1,306,700,000 | 2023 | -0.94% | -1.53% | View data |
| 3 | 3 United Kingdom | 1,244,800,000 | 2023 | +1.22% | +2.11% | View data |
| 4 | 4 Italy | 1,132,500,000 | 2023 | -2.66% | -3.85% | View data |
| 5 | 5 Poland | 877,930,000 | 2023 | +1.8% | +0.58% | View data |
| 13 | 13 Denmark | 206,960,000 | 2023 | +3.86% | +3.44% | View data |
| 14 | 14 Slovakia | 186,240,000 | 2023 | +2.94% | +2.46% | View data |
| 15 | 15 Sweden | 160,960,000 | 2023 | -6.16% | -5.54% | |
| 16 | 16 Hungary | 136,410,000 | 2023 | +1.14% | -1.33% | View data |
| 17 | 17 Croatia | 132,490,000 | 2023 | +3.03% | +1.67% | View data |
