The European market for organic composite solvents and thinners used alongside coatings and inks, focusing on butyl acetate, showcased a diverse landscape in 2023. Italy leads the segment substantially with a significant increase of 73.83% in 2023. Meanwhile, Germany, while being a major player, faced a decline of 4.29% during the same period. Notable growth was observed in the Netherlands and Spain, experiencing 23.53% and 17.92% rises, respectively. Countries like Bulgaria and Poland also added to their share, reflecting positive dynamics. In contrast, Denmark and Romania experienced considerable declines of 10.41% and 36.69%.
Future trends to watch include:
- The continuous boost in Italy could suggest emerging opportunities or strategic shifts within its market.
- Despite the past year's decline, Germany's strong industrial base could foster a rebound.
- Potential further increases in Spain and the Netherlands might indicate strengthening market positions.
- Monitoring the adverse trends in Denmark and Romania might reveal challenges needing strategic intervention.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks, Based on Butyl Acetate Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.79 | 2023 | +35.2% | +73.83% | View data |
| 2 | 2 Germany | 9.69 | 2023 | -0.75% | -4.29% | View data |
| 3 | 3 Spain | 6.62 | 2023 | +3.65% | +17.92% | View data |
| 4 | 4 Netherlands | 5.22 | 2023 | +20.95% | +23.53% | View data |
| 5 | 5 Poland | 2.21 | 2023 | +5.1% | +13.05% | View data |
| 6 | 6 France | 1.87 | 2023 | -6.91% | -3.44% | View data |
| 7 | 7 United Kingdom | 1.47 | 2023 | +2.48% | +10.39% | View data |
| 8 | 8 Austria | 1.01 | 2023 | +5.52% | +7.74% | View data |
| 9 | 9 Portugal | 0.83 | 2023 | -1.8% | -3.78% | View data |
| 10 | 10 Bulgaria | 0.58 | 2023 | +3.42% | +13.39% | View data |
