The market size for paints and varnishes based on polyesters, acrylic, or vinyl polymers in a non-aqueous medium in Austria stood at 244.4 million Euros in 2023. After witnessing fluctuations between 2013 and 2017, the market saw more stable growth from 2018 to 2023, with a Compound Annual Growth Rate (CAGR) of around 1.25% over this period. The year-on-year variation for the last two years was -1.31% in 2022, followed by a 1.12% increase in 2023.
Future trends to watch for include:
- Increased demand for eco-friendly and low-VOC (Volatile Organic Compounds) products, driven by regulatory changes and consumer preferences.
- Technological advancements in paint formulations to enhance performance and durability.
- Potential impacts of economic factors such as inflation and changes in construction activity, which could influence market dynamics.
How does Austria rank in Paints and Varnishes Based on Polyesters, Acrylic or Vinyl Polymers in a Non-Aqueous Medium Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,338,500,000 | 2023 | +1.46% | -1.3% | View data |
| 2 | 2 France | 1,306,700,000 | 2023 | -0.94% | -1.53% | View data |
| 3 | 3 United Kingdom | 1,244,800,000 | 2023 | +1.22% | +2.11% | View data |
| 4 | 4 Italy | 1,132,500,000 | 2023 | -2.66% | -3.85% | View data |
| 5 | 5 Poland | 877,930,000 | 2023 | +1.8% | +0.58% | View data |
| 10 | 10 Romania | 273,850,000 | 2023 | +1.61% | +1.66% | View data |
| 11 | 11 Greece | 260,790,000 | 2023 | +1.08% | +2.68% | View data |
| 12 | 12 Austria | 244,400,000 | 2023 | +1.12% | +1.25% | |
| 13 | 13 Denmark | 206,960,000 | 2023 | +3.86% | +3.44% | View data |
| 14 | 14 Slovakia | 186,240,000 | 2023 | +2.94% | +2.46% | View data |
