The market size of paints and varnishes based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium in Slovakia was 25 million kilograms in 2023. The overall trend since 2013 shows an initial increase, followed by a gradual decline from 2017 onwards. Over the last five years, the compound annual growth rate (CAGR) indicates an average annual decline of approximately 2.57%.
- Year-on-year variation has consistently shown a negative trend since 2017, suggesting a persistent contraction in market size over the years.
- The most pronounced annual decrease occurred between 2017 and 2018, with an 8.35% drop.
Future trends to watch include potential market stabilization or growth through innovation in environmentally-friendly products, changes in construction activity, and new regulations impacting product formulation and usage. Monitoring consumer preferences for sustainable and low-VOC content could offer insights into emerging opportunities within the market.
How does Slovakia rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in an Aqueous Medium Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 568,210,000 | 2023 | -1.68% | -1.34% | View data |
| 2 | 2 United Kingdom | 536,890,000 | 2023 | +1% | +1.59% | View data |
| 3 | 3 France | 469,240,000 | 2023 | -0.19% | +0.5% | View data |
| 4 | 4 Spain | 316,180,000 | 2023 | -0.88% | -0.21% | View data |
| 5 | 5 Italy | 288,300,000 | 2023 | -3.38% | -4.42% | View data |
| 15 | 15 Czech Republic | 34,524,000 | 2023 | -2.77% | -4.59% | View data |
| 16 | 16 Denmark | 34,464,000 | 2023 | -1.89% | +0.17% | View data |
| 17 | 17 Slovakia | 25,000,000 | 2023 | -2.38% | -2.57% | |
| 18 | 18 Lithuania | 23,393,000 | 2023 | +4.91% | +4.28% | View data |
| 19 | 19 Ireland | 21,624,000 | 2023 | -5.19% | +1.19% | View data |
