Between 2013 and 2023, Portugal's market for organic composite solvents and thinners not based on butyl acetate used in conjunction with coatings and inks generally trended downward. The market value stood at 23.074 million Euros in 2023. Although the market experienced fluctuations, including a notable rise in 2019, the overall trend exhibited a decrease. The CAGR over the last five years shows a small upward trend, suggesting stabilization after previous declines.
Future trends to watch for include:
- Growth in eco-friendly and sustainable products driving changes in solvent preferences.
- Technological advancements in coatings and inks that may require new formulations.
- Regulatory changes impacting the chemical industry and promoting innovation.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 229,930,000 | 2023 | +7.54% | +7.53% | View data |
| 2 | 2 Romania | 47,230,000 | 2023 | +3.33% | +3.54% | View data |
| 3 | 3 Czech Republic | 30,382,000 | 2023 | +0.39% | -3.79% | View data |
| 4 | 4 Greece | 23,495,000 | 2023 | +3.1% | +1.7% | View data |
| 5 | 5 Portugal | 23,074,000 | 2023 | -1.79% | +0.41% | |
| 6 | 6 Finland | 15,409,000 | 2023 | +0.22% | +0.13% | View data |
| 7 | 7 Austria | 13,046,000 | 2023 | -1.89% | -2.12% | View data |
