The market for Amino-Resins (Excluding Urea, Thiourea and Melamine Resins), Phenolic Resins, and Polyurethanes in Lithuania has shown a general upward trend since 2013, with the market size reaching 29.836 million Euros in 2023. Notable fluctuations include significant growth in 2017 and contractions in 2018 and 2020. The last two years reflected a steady increase, with a year-on-year growth rate of 8.04% in 2022 and a slower rate of 2.52% in 2023. The five-year compound annual growth rate (CAGR) stands at 2.04%, reflecting moderate overall market growth.
Looking ahead, the key trends to watch will include advancements in sustainable resin technologies, increasing demand from construction and automotive sectors, and potential impacts from regulatory changes in chemical production and environmental policies.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,947,600,000 | 2023 | +3.1% | +2.19% | View data |
| 2 | 2 United Kingdom | 955,530,000 | 2023 | +1.64% | +1.52% | View data |
| 3 | 3 Spain | 394,450,000 | 2023 | +3.45% | +2.26% | View data |
| 4 | 4 Austria | 266,320,000 | 2023 | +5.24% | +0.024% | View data |
| 5 | 5 Finland | 185,980,000 | 2023 | +3.83% | +0.72% | View data |
| 7 | 7 Slovakia | 72,595,000 | 2020 | -1.91% | +4.89% | View data |
| 8 | 8 Sweden | 62,595,000 | 2023 | -0.49% | +2.71% | View data |
| 9 | 9 Lithuania | 29,836,000 | 2023 | +2.52% | +2.04% | |
| 10 | 10 Croatia | 28,537,000 | 2023 | +1.98% | +0.065% | View data |
