In 2023, Spain dominated the European production of organic composite solvents and thinners, accounting for a significant chunk of the market, while Germany and Italy followed. Year-on-year data showed varied trends: Poland and Slovakia posted substantial growth, while Portugal, Belgium, and Sweden faced declines. Though Spain maintained the leading position, it experienced a slight downturn. Over the last five years, the industry experienced diverse growth rates, with notable expansion in Poland.
Future trends to watch include technological advancements, sustainability practices driving demand for eco-friendly solvents, and economic conditions influencing production capacity in leader countries like Spain, Germany, and Italy. Increasing focus on reducing VOC emissions could also shift production approaches.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 50.51 | 2023 | +5.21% | -0.79% | View data |
| 2 | 2 Germany | 21.37 | 2023 | +1.07% | +1.59% | View data |
| 3 | 3 Italy | 5.79 | 2023 | -9.88% | -4.48% | View data |
| 4 | 4 Netherlands | 5.15 | 2023 | +0.77% | +4.47% | View data |
| 5 | 5 United Kingdom | 4.2 | 2023 | -3.38% | +0.99% | View data |
| 6 | 6 Poland | 2.2 | 2023 | -1.85% | +11.32% | View data |
| 7 | 7 Bulgaria | 1.97 | 2023 | +4.2% | +2.6% | View data |
| 8 | 8 France | 1.79 | 2023 | -0.3% | -2.57% | View data |
| 9 | 9 Slovakia | 1.48 | 2023 | +2.65% | +10.35% | View data |
| 10 | 10 Portugal | 0.81 | 2023 | -0.045% | -5.68% | View data |
