In 2023, Germany dominated the European sold production of paints and varnishes based on acrylic or vinyl polymers in an aqueous medium, holding a significant share at 24.4%. Italy and France followed with shares of 13.78% and 13.45% respectively. The United Kingdom demonstrated notable growth with a 4.39% year-on-year increase, while the Netherlands and Sweden saw the highest growth rates of 6.05% and 5.83% respectively. Conversely, Bulgaria and Slovakia witnessed declines of -2.54% and -10.7%, highlighting regional disparities. Overall, the five-year compound annual growth rate (CAGR) suggests modest yet steady expansion across most markets.
Future trends to watch include increased adoption of environmentally friendly products, potential market shifts due to regulatory changes, and technological advancements enhancing production efficiency. Proliferation of acrylic-based paints in construction and automotive sectors may also drive demand. Observing the competitive landscape changes given macroeconomic factors will be crucial for stakeholders planning strategic investments and innovations.
Top countries in Sold Production of Paints and Varnishes Based on Acrylic or Vinyl Polymers, in an Aqueous Medium Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.4 | 2023 | +0.15% | +0.88% | View data |
| 2 | 2 Italy | 13.78 | 2023 | -1.66% | -1.3% | View data |
| 3 | 3 France | 13.45 | 2023 | +1.04% | +0.77% | View data |
| 4 | 4 United Kingdom | 12.34 | 2023 | +0.92% | +4.39% | View data |
| 5 | 5 Netherlands | 6.64 | 2023 | +5.61% | +6.05% | View data |
| 6 | 6 Sweden | 5.39 | 2023 | +3.06% | +5.83% | View data |
| 7 | 7 Poland | 3.83 | 2023 | +1.47% | +1.16% | View data |
| 8 | 8 Spain | 2.16 | 2021 | -68.2% | -20.17% | View data |
| 9 | 9 Norway | 2.09 | 2023 | +6% | +6.14% | View data |
| 10 | 10 Austria | 2.09 | 2023 | +1.81% | +2.9% | View data |
