From 2013 to 2023, the market size for paints and varnishes based on acrylic or vinyl polymers in Portugal has generally decreased, with a significant drop observed up to 2020. A slight recovery was noted in 2021, followed by minimal declines in 2022 and 2023, where the market value stood at approximately 5.0327 million euros. The average annual decline (CAGR) over the past five years was -3.4%, reflecting a fluctuating yet generally shrinking market.
Future trends to watch for in the industry include:
- The impact of sustainable and eco-friendly product demand.
- Technological advancements in paint formulations.
- Economic conditions affecting the construction sector.
- Changes in regulatory frameworks affecting production and usage.
How does Portugal rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in a Non-Aqueous Medium with the Weight of the Solvent at Least 50% of the Weight of the Solution Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 94,801,000 | 2023 | +1.21% | +0.42% | View data |
| 2 | 2 Italy | 92,776,000 | 2023 | -0.13% | -3.64% | View data |
| 3 | 3 Netherlands | 52,611,000 | 2023 | -4.47% | -5.31% | View data |
| 4 | 4 Poland | 41,210,000 | 2023 | +1.79% | +0.33% | View data |
| 5 | 5 Greece | 19,478,000 | 2023 | -0.53% | -0.33% | View data |
| 6 | 6 Portugal | 5,032,700 | 2023 | -1.18% | -3.4% | |
| 7 | 7 Croatia | 2,495,200 | 2023 | +0.7% | +0.84% | View data |
