The market for Organic Composite Solvents and Thinners based on Butyl Acetate in Portugal fluctuated over the years. In 2023, its size stood at 7.2931 Million Euros. From 2013 to 2023, there were notable declines in market value, particularly in 2019 and 2020, with slight recoveries in 2021. Over the last five years, the compound annual growth rate indicated a negative trend. Recent years showed a slight decline with a -0.75% year-on-year change in 2023.
Future trends include potential growth due to increasing demand for sustainable and environmentally friendly products as well as innovations in coatings and inks technology that may impact the demand for such solvents. Monitoring regulatory changes and emerging technologies will be crucial for stakeholders.
How does Portugal rank in Organic Composite Solvents and Thinners Based on Butyl Acetate Used in Conjunction with Coatings and Inks Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 50,540,000 | 2023 | +0.045% | +1.34% | View data |
| 2 | 2 France | 16,820,000 | 2023 | +0.19% | +1.68% | View data |
| 3 | 3 Portugal | 7,293,100 | 2023 | -0.75% | -1.82% | |
| 4 | 4 Romania | 3,474,900 | 2023 | -9% | -5.1% | View data |
| 5 | 5 Finland | 1,878,700 | 2023 | -0.49% | -0.3% | View data |
