The Croatian paints and coatings market displayed fluctuating growth from 2013 to 2023, culminating at 199.83 million kilograms in 2023. The market peaked significantly in 2019, followed by a decline through 2021. It showed slight recoveries in the subsequent years, with 2023 experiencing a year-on-year growth of 2.84%. Evaluating the compounded annual growth rate (CAGR), the market grew on average by 0.27% annually over the past five years.
Future trends to watch for include:
- Sustainability initiatives driving demand for eco-friendly and sustainable coatings.
- Technological innovations in paint formulation enhancing performance and application efficiency.
- Infrastructural developments influencing market demand fluctuations.
How does Croatia rank in Paints and Coatings Market Size Volume?
| # | 17 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,996,400,000 | 2023 | +1.45% | +1.28% | View data |
| 2 | 2 Italy | 1,952,400,000 | 2023 | -0.079% | -0.56% | View data |
| 3 | 3 Germany | 1,388,700,000 | 2023 | -3% | -1.63% | View data |
| 4 | 4 United Kingdom | 1,267,300,000 | 2023 | +0.026% | +0.53% | View data |
| 5 | 5 Bulgaria | 705,470,000 | 2023 | +1.56% | +3.39% | View data |
| 12 | 12 Slovakia | 237,570,000 | 2023 | +1.92% | +1.31% | View data |
| 13 | 13 Greece | 211,170,000 | 2023 | +2.74% | +2.5% | View data |
| 14 | 14 Croatia | 199,830,000 | 2023 | +2.84% | +0.27% | |
| 15 | 15 Denmark | 177,370,000 | 2023 | +3.36% | +3.84% | View data |
| 16 | 16 Ireland | 65,985,000 | 2023 | +0.018% | +3.34% | View data |
