In 2023, Italy led the European market for sold production of paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium, with the highest share. Germany and France followed, although they saw slight declines year-on-year. The United Kingdom also experienced a minimal decrease in production. Notably, Finland and Denmark witnessed strong growth rates, with Finland marking a substantial increase of 7.33% and Denmark at 19.1%. Countries like Bulgaria and Estonia showed significant upswings as well, while the Netherlands and Hungary registered declines.
Looking ahead, future trends to watch for include the impact of sustainability initiatives and regulations on production processes, as well as market shifts in demand towards eco-friendly alternatives. Additionally, technological advancements in manufacturing processes may influence production efficiency and output variations across countries, potentially altering the current market dynamics.
Top countries in Sold Production of Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers, in a Non-Aqueous Medium Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 24.31 | 2023 | +3.63% | +3.78% | View data |
| 2 | 2 Germany | 20.4 | 2023 | +0.71% | -1.5% | View data |
| 3 | 3 France | 11.68 | 2023 | +1.69% | -0.7% | View data |
| 4 | 4 United Kingdom | 9.36 | 2023 | -1.09% | -0.57% | View data |
| 5 | 5 Poland | 7.22 | 2023 | +2.15% | +2.18% | View data |
| 6 | 6 Spain | 5.54 | 2021 | -48.18% | -13.37% | View data |
| 7 | 7 Sweden | 3.16 | 2023 | +1.25% | +4.37% | View data |
| 8 | 8 Greece | 2.75 | 2023 | +2.78% | +3.71% | View data |
| 9 | 9 Belgium | 2.28 | 2023 | -2.85% | -4.49% | View data |
| 10 | 10 Portugal | 2.14 | 2023 | +0.77% | -0.54% | View data |
