The Alkyd Resins market in Italy has exhibited a clear declining trend from 2012 to 2022, with values dropping from 82.141 million Euros in 2012 to 40.198 million Euros in 2022. The market has seen several significant downturns, notably in 2015 with a -23.08% year-on-year decrease. Although there were minor recoveries in 2016 and 2017 with increases of 7.04% and 6.58%, the overall trajectory remained downward. The substantial cumulative average growth rate (CAGR) over the last 5 years was -9.32%. As of 2023, the market stands at 38.876 million Euros, which continued the declining trend from the previous year.
Future trends to watch for include potential shifts towards more sustainable and eco-friendly resin alternatives, which may further impact the demand for traditional alkyd resins. Additionally, technological advancements and innovations within the coatings and paint industry could either provide new applications for alkyd resins or accelerate their phase-out in favor of more advanced materials.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 259,240,000 | 2023 | +0.87% | +0.77% | View data |
| 2 | 2 Spain | 156,380,000 | 2023 | +6.93% | +3.77% | View data |
| 3 | 3 United Kingdom | 83,885,000 | 2023 | +1.35% | -0.31% | View data |
| 4 | 4 Poland | 46,697,000 | 2023 | -0.18% | -0.68% | View data |
| 5 | 5 Italy | 30,727,000 | 2023 | -13.17% | -11.09% | |
| 6 | 6 Belgium | 28,729,000 | 2023 | +3.18% | +2.12% | View data |
| 7 | 7 Finland | 15,721,000 | 2023 | -2.45% | -1.04% | View data |