In 2023, Germany dominated the global export market for mastics and painters' fillings, capturing a substantial share with its exports valued at $24.09 million. The United States and Belgium followed with exports worth $12.69 and $10.86 million, respectively. Notably, China showed a significant year-on-year increase of 3.86%. Meanwhile, several markets experienced volatility, with Lithuania and Israel seeing a decline, while Jordan and especially Azerbaijan witnessed substantial growth. Smaller markets like Antigua and Barbuda saw impressive gains, albeit from a lower base.
Looking ahead, market dynamics such as increased construction activities, innovations in construction materials, and a focus on sustainable and eco-friendly products are expected to drive the demand for mastics and painters' fillings. Asian markets, particularly China and India, are predicted to continue growing due to rapid urbanization. Additionally, technological advancements in production processes may lead to enhanced product quality, further expanding market opportunities.
Top countries in Export of Mastics, Painters' Fillings Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.09 | 2023 | +2.66% | +2.57% | View data |
| 2 | 2 United States | 12.69 | 2023 | +2.79% | +2.9% | View data |
| 3 | 3 Belgium | 10.86 | 2023 | +2.68% | +2.57% | View data |
| 4 | 4 Netherlands | 4.94 | 2023 | +2.34% | +2.13% | View data |
| 5 | 5 France | 4.72 | 2023 | +2.89% | +2.08% | View data |
| 6 | 6 Switzerland | 3.99 | 2023 | +1.01% | -0.6% | View data |
| 7 | 7 China | 3.84 | 2023 | +4.51% | +3.86% | View data |
| 8 | 8 Japan | 3.76 | 2023 | +2.01% | +2.26% | View data |
| 9 | 9 South Korea | 3.69 | 2023 | +3.51% | +3.32% | View data |
| 10 | 10 Italy | 3.46 | 2023 | +3.1% | +2.62% | View data |
