In 2023, Estonia's market size for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium reached 13.856 million kilograms. From 2019 to 2023, the market exhibited steady growth, with a Compound Annual Growth Rate (CAGR) of 5.72%. Notably, 2020 saw a significant spike in volume with a year-on-year increase of 24.87%, followed by a slight contraction in 2021. The market rebounded over the last two years, showing positive growth.
Future trends to watch for include:
- The impact of environmental regulations promoting eco-friendly water-based coatings.
- Technological advancements in paint formulations enhancing product efficiency and durability.
- Potential market effects due to a growing focus on infrastructure development.
How does Estonia 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 |
| 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 |
| 20 | 20 Estonia | 13,856,000 | 2023 | +4.97% | +5.72% | |
| 21 | 21 Latvia | 7,095,100 | 2023 | +4.14% | -0.21% | View data |
| 22 | 22 Slovenia | 6,172,800 | 2023 | +6.83% | +6.89% | View data |
