The turnover of the dyes and pigments market in Italy has demonstrated significant fluctuations between 2013 and 2023. Starting at 1.5 billion euros in 2013, the market saw a peak increase to 2.86 billion euros in 2016, followed by a sharp decline to 1.18 billion euros in 2017. The declining trend continued with minor variations until 2020, when it declined to 0.9294 billion euros. Post-2020, a slow recovery began, reaching 1.28 billion euros in 2023.
The year-on-year variations highlight marked volatility, with a significant drop of -58.69% in 2017 and an -18.84% decrease in 2020. However, the CAGR over the past five years (up to 2023) shows a modest growth rate of 1.52%, indicating a stabilization phase.
Future trends to watch for include consistent growth, as the forecast CAGR between 2023 and 2028 is expected to be 2%, leading to a 10.43% growth rate by 2028. Industry players should monitor economic conditions, technological advancements, and regulatory policies affecting the market.
