The Belgian market for paints and varnishes based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium has shown a consistent decline from 2013 to 2023, dropping from 198.64 million euros to 141.51 million euros in value. Over the last two years, there were negative year-on-year variations of -2.08% and -2.1%. The compound annual growth rate (CAGR) over the past five years is -1.23%, indicating a moderately declining market.
Future trends to watch for include:
- Technological advancements in water-based paint formulations.
- Increased demand for eco-friendly and sustainable products.
- Market expansion opportunities through innovation and differentiation.
- Potential impacts of regulatory changes related to environmental standards.
How does Belgium rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in an Aqueous Medium Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,542,700,000 | 2023 | +1.74% | +2.43% | View data |
| 2 | 2 France | 1,507,800,000 | 2023 | -1.41% | -1.28% | View data |
| 3 | 3 United Kingdom | 1,337,300,000 | 2023 | -0.44% | +0.28% | View data |
| 4 | 4 Italy | 1,133,100,000 | 2023 | -1.67% | +1.73% | View data |
| 5 | 5 Netherlands | 723,490,000 | 2023 | +7.75% | +9.37% | View data |
| 13 | 13 Greece | 176,480,000 | 2023 | -0.98% | +3.33% | View data |
| 14 | 14 Austria | 155,890,000 | 2023 | +2.64% | -0.51% | View data |
| 15 | 15 Belgium | 141,510,000 | 2023 | -2.1% | -1.23% | |
| 16 | 16 Denmark | 124,740,000 | 2023 | -0.18% | +1.67% | View data |
| 17 | 17 Czech Republic | 93,480,000 | 2023 | -2.33% | -0.45% | View data |
