In 2023, the import volume of acrylic and vinyl polymer-based paint and varnish to the UK stood at approximately 114.63 million kilograms. Forecasts for 2024 to 2028 indicate a steady increase, with the volume expected to reach 124.94 million kilograms by 2028. The year-on-year growth shows a consistent upward trend with minor fluctuations: 1.95% from 2024 to 2025, 1.89% from 2025 to 2026, 1.82% from 2026 to 2027, and 1.74% from 2027 to 2028. Over five years, the compound annual growth rate (CAGR) averages at 1.77%.
Future trends to watch for:
- Impact of environmental regulations influencing formulation and demand for eco-friendly paints.
- Influence of construction industry growth and renovation trends affecting imports.
- Potential supply chain adjustments post-Brexit possibly affecting import volumes.
- Technological advancements in polymers potentially driving shifts in market preferences.