The Croatian market for Organic Composite Solvents and Thinners not based on Butyl Acetate, used in conjunction with coatings and inks, stood at 3.1234 million kilograms in 2023. Over the past decade, the market exhibited fluctuations, with a notable decline from 2019 to 2020. Despite a rebound in 2021, the market size remained relatively stable but slightly declining toward 2023. The year-on-year variation in 2022 and 2023 was marginally negative, while the five-year CAGR ending in 2023 was -1.79%, indicating an overall downward trend in volume.
Future trends to watch for include:
- The impact of environmental regulations, potentially leading to a shift toward greener alternatives.
- Technological advancements in coatings and inks, which could affect solvent demand.
- Economic recovery post-pandemic, influencing industrial activity and demand for these solvents.
How does Croatia rank in Organic Composite Solvents and Thinners Not Based on Butyl Acetate Used in Conjunction with Coatings and Inks Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 120,640,000 | 2023 | +3.22% | +3.62% | View data |
| 2 | 2 France | 32,537,000 | 2023 | +0.24% | +2.82% | View data |
| 3 | 3 Romania | 22,057,000 | 2023 | +3.39% | +4.93% | View data |
| 4 | 4 Greece | 10,223,000 | 2023 | +3.72% | +0.73% | View data |
| 5 | 5 Czech Republic | 9,747,000 | 2023 | -3.24% | -3.92% | View data |
| 7 | 7 Bulgaria | 6,829,000 | 2023 | -0.56% | -2.13% | View data |
| 8 | 8 Sweden | 4,236,400 | 2023 | -8.46% | -8.48% | View data |
| 9 | 9 Croatia | 3,123,400 | 2023 | -0.9% | -1.79% | |
| 10 | 10 Finland | 2,616,900 | 2023 | -5.12% | -5.38% | View data |
