In 2023, Germany and Spain led European Sold Production of Organic Composite Solvents and Thinners, contributing 28.3% and 27.57% respectively. The Netherlands followed at 12.24%. Other contributors included the UK, Italy, and France, though their shares were below 10% each. Noticeable growth occurred in Poland (9.04%) and Slovakia (7.12%), while Denmark saw a significant decline (-69.79%). Germany and Greece modestly improved their shares, whereas Italy and Belgium witnessed contractions.
Future trends to watch for include potential market shifts due to increased regulatory focus on sustainable practices and growing demand for eco-friendly products. This may lead to innovation and rebalancing of market shares among countries in the European region.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.3 | 2023 | +1.44% | +2.64% | View data |
| 2 | 2 Spain | 27.57 | 2023 | +8.15% | -1.92% | View data |
| 3 | 3 Netherlands | 12.24 | 2023 | +2.61% | +4.42% | View data |
| 4 | 4 United Kingdom | 7.13 | 2023 | -3.18% | +0.42% | View data |
| 5 | 5 Italy | 6.71 | 2023 | -10.92% | -4.9% | View data |
| 6 | 6 France | 5.55 | 2023 | +0.29% | +0.11% | View data |
| 7 | 7 Poland | 2.21 | 2023 | -0.68% | +9.04% | View data |
| 8 | 8 Belgium | 1.3 | 2023 | -11.31% | -6.25% | View data |
| 9 | 9 Portugal | 1.26 | 2023 | +4.56% | -1.23% | View data |
| 10 | 10 Bulgaria | 1.26 | 2023 | +3.59% | +1.22% | View data |
