The Lithuanian market for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium reached a volume of 25.444 million kilograms in 2023. From 2013 to 2023, the market experienced a generally upward trajectory, with annual variations revealing both significant jumps and moderate growth. Over the recent five-year period, the compound annual growth rate stood at 4.56%, indicating steady demand and consumption.
Key observations include:
- Strong growth between 2013 and 2014, with a 29.76% increase.
- A notable double-digit increase again in 2016 at 17.01%.
- A consistent, albeit slower, growth pattern settled in from 2020 onwards.
Looking forward, trends to monitor will include potential innovations in eco-friendly formulations, the impact of construction industry changes in Lithuania, and shifts in consumer preferences towards sustainable and durable paint options. These factors may drive the market's evolution in the coming years.
How does Lithuania rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers in an Aqueous Medium Market Size Volume?
| # | 22 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 788,300,000 | 2023 | -0.48% | +0.16% | View data |
| 2 | 2 United Kingdom | 588,050,000 | 2023 | +1.43% | +2.11% | View data |
| 3 | 3 Spain | 479,600,000 | 2023 | +1.71% | -0.12% | View data |
| 4 | 4 Italy | 477,680,000 | 2023 | -0.94% | -1.25% | View data |
| 5 | 5 France | 470,860,000 | 2023 | +1.14% | +0.56% | View data |
| 15 | 15 Finland | 44,942,000 | 2023 | +0.76% | +0.79% | View data |
| 16 | 16 Bulgaria | 37,994,000 | 2023 | +1.87% | -0.61% | View data |
| 17 | 17 Lithuania | 25,444,000 | 2023 | +4.91% | +4.56% | |
| 18 | 18 Ireland | 23,718,000 | 2023 | -4.23% | +0.47% | View data |
| 19 | 19 Croatia | 23,421,000 | 2023 | -1.23% | -1.16% | View data |
