In 2023, the sold production of organic composite solvents and thinners in Germany was higher than the forecasted figures for subsequent years. The forecasts indicate a consistent decline from 2024 to 2028, with year-on-year reductions as follows: 2025 sees a decrease of approximately 19.6% from 2024, 2026 by 24.2% from 2025, 2027 by 31.6% from 2026, and 2028 by 45.6% from 2027. The compound annual growth rate (CAGR) over this period signals a significant yearly decrease of approximately 30%.
Future trends to watch for:
- Continuing shifts towards more environmentally friendly and sustainable products may further drive down demand for butyl acetate-based solvents.
- Innovations in coatings and inks formulations could influence the consumption patterns of such thinners and solvents.
- Regulatory changes aimed at reducing volatile organic compounds (VOCs) might accelerate declines in this market segment.
