In 2023, Germany dominated the European market for pigments, including metallic powders and flakes dispersed in non-aqueous media used in paints manufacturing, leading with 161.23 million euros. Italy and France followed with 66.129 and 60.593 million euros respectively. Despite its strong position, Germany saw a modest growth of 0.34% year-on-year. While the Netherlands and Sweden posted positive growth at 2.53% and 2.29%, Spain and Hungary recorded significant declines of -9.48% and -9.59%. Lithuania, albeit a smaller market, saw the largest increase at 6.53%.
Future trends to watch include increasing demand for sustainable and environmentally friendly pigments. Advances in technology that allow for better dispersion and coverage will likely drive innovation. Additionally, fluctuating raw material costs and regulatory changes across the EU could impact production dynamics. Monitoring these trends will be crucial for stakeholders aiming for sustainable growth in this sector.
Top countries in Sold Production of Pigments, Including Metallic Powders and Flakes, Dispersed in Non-Aqueous Media Used in Paints Manufacturing by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 161,230,000 | 2023 | +4.97% | +0.34% | View data |
| 2 | 2 Italy | 66,129,000 | 2023 | +4.8% | -3.75% | View data |
| 3 | 3 France | 60,593,000 | 2023 | +1.7% | -1.43% | View data |
| 4 | 4 Belgium | 44,575,000 | 2023 | +19.17% | -2.42% | View data |
| 5 | 5 Netherlands | 18,561,000 | 2023 | +5.04% | +2.53% | View data |
| 6 | 6 United Kingdom | 16,466,000 | 2023 | -8.05% | -2.7% | View data |
| 7 | 7 Sweden | 15,384,000 | 2023 | +8.58% | +2.29% | View data |
| 8 | 8 Spain | 5,114,900 | 2023 | -2.63% | -9.48% | View data |
| 9 | 9 Finland | 4,164,200 | 2023 | -1% | +1.36% | View data |
| 10 | 10 Hungary | 314,200 | 2023 | -16.07% | -9.59% | View data |
