The Acrylic Acid and Its Salts Market in Finland has seen a notable decline in volume from 6.65 million kilograms in 2013 to 1.774 million kilograms in 2023, marking a continuous downward trend over the past decade. The year-on-year decrease is particularly steep over the last two years, with a 20.36% reduction from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) further highlights this contraction, averaging a negative 13.69% annually.
Future trends to watch for include potential stabilizing factors such as innovation in usage applications, eco-friendly alternatives that may offset demand decline, and broader economic recovery strategies that could bolster market stability.
- Watch for technological advancements in acrylic acid production and consumption areas.
- Consider regulatory changes and market adaptations towards more sustainable practices.
- Assess external economic factors that may influence market recovery or further declines.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 51,709,000 | 2023 | +4.66% | +3.75% | View data |
| 2 | 2 United Kingdom | 30,258,000 | 2023 | +0.5% | +1.32% | View data |
| 3 | 3 Italy | 17,968,000 | 2023 | -2.75% | -2.51% | View data |
| 4 | 4 Spain | 15,732,000 | 2023 | +0.3% | +0.85% | View data |
| 5 | 5 Austria | 2,472,100 | 2023 | +1.67% | +2.97% | View data |
| 6 | 6 Finland | 1,774,400 | 2023 | -20.36% | -13.69% | |
| 7 | 7 Lithuania | 119,970 | 2023 | +3.3% | +1.92% | View data |
