In 2023, Germany led the European production of artificial and prepared waxes, with a value of 603.97 million euros. Its production increased by 3.64% year-on-year. Denmark and Italy followed, with values of 244.46 and 205.33 million euros, respectively, showing double-digit and moderate growth. Spain, the United Kingdom, and the Netherlands indicated modest increases, while France saw a slight rise. Finland significantly increased its production, growing by 54.08%. Meanwhile, Estonia had marginal production. The market overall is showing diverse growth dynamics across different countries.
Future trends include potential increases in production driven by innovations, demand from sectors such as cosmetics and automotive, and evolving regulatory environments. Sustainability and eco-friendly wax alternatives may shape production trends, emphasizing the need for adaptability and innovation across European producers.
Top countries in Sold Production of Artificial and Prepared Waxes Other than of Polyethylene Glycol by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 603,970,000 | 2023 | +2.76% | +3.64% | View data |
| 2 | 2 Denmark | 244,460,000 | 2023 | +15.74% | +17.51% | View data |
| 3 | 3 Italy | 205,330,000 | 2023 | +1.56% | +5.48% | View data |
| 4 | 4 Spain | 97,159,000 | 2023 | -0.67% | +0.32% | View data |
| 5 | 5 United Kingdom | 95,213,000 | 2023 | +3.19% | +2.15% | View data |
| 6 | 6 Netherlands | 74,887,000 | 2023 | +2.62% | +2.01% | View data |
| 7 | 7 France | 62,243,000 | 2023 | +0.35% | +1.33% | View data |
| 8 | 8 Finland | 10,358,000 | 2023 | +3.12% | +54.08% | View data |
| 9 | 9 Sweden | 604,940 | 2021 | +83.53% | -4.29% | View data |
| 10 | 10 Estonia | 4,630 | 2023 | -5.99% | +3.31% | View data |
