In 2023, Germany led the European market with a 36.4% share of artificial and prepared waxes production, followed by Italy (20.6%) and Spain (14.78%). Denmark saw the highest growth rate at 8.26% year-on-year, while Estonia experienced a notable surge of 26.37%. Most other countries saw modest growth, ranging from 0.35% in Italy to 1.26% in France. Finland showed a slight decline of 0.51%.
Looking ahead, the European market for artificial and prepared waxes could see further consolidation as industries prioritize eco-friendly and sustainable product manufacturing. Observing technological advancements and regulatory changes will be essential to understanding market dynamics and competitive positioning in this sector.
Top countries in Sold Production of Artificial and Prepared Waxes Other than of Polyethylene Glycol Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.4 | 2023 | +3.91% | +2.12% | View data |
| 2 | 2 Italy | 20.6 | 2023 | +0.67% | +0.35% | View data |
| 3 | 3 Spain | 14.78 | 2023 | +7.2% | +0.97% | View data |
| 4 | 4 Denmark | 14.36 | 2023 | +1.84% | +8.26% | View data |
| 5 | 5 United Kingdom | 6.13 | 2023 | +2.6% | +1.16% | View data |
| 6 | 6 Netherlands | 4.13 | 2023 | +5.78% | +1.24% | View data |
| 7 | 7 France | 2.37 | 2023 | +0.76% | +1.26% | View data |
| 8 | 8 Sweden | 0.034 | 2021 | +118.69% | -2.66% | View data |
| 9 | 9 Finland | 0.026 | 2023 | -1.29% | -0.51% | View data |
| 10 | 10 Estonia | 0.001 | 2023 | +8.7% | +26.37% | View data |
