In 2023, the European market for paints and varnishes based on acrylic or vinyl polymers in non-aqueous mediums saw significant year-on-year variations. Italy led with a value of 129.09 million euros, exhibiting a modest 4.86% increase. Spain showed the highest growth with an 8.99% rise. The UK and France also experienced moderate rises, 5.71% and 4.09%, respectively. Germany and the Netherlands faced declines, with Germany dropping by 4.89%. Finland saw an impressive 47.59% surge. Smaller markets like Croatia declined by 24.67%. The compound annual growth rate over five years shows varying trends, indicating market dynamics.
Future trends to watch include technological advancements improving paint durability, environmental regulations driving demand for eco-friendly products, and economic shifts impacting construction and automotive sectors, key consumers of these materials. Continued innovation and adaptation to sustainability criteria will shape market trajectories.
Top countries in Sold Production of Paints and Varnishes, Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in Non-Aqueous Medium (Including Enamels and Lacquers) by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 129,090,000 | 2023 | +10.32% | +4.86% | View data |
| 2 | 2 Spain | 107,000,000 | 2023 | +3.77% | +8.99% | View data |
| 3 | 3 United Kingdom | 68,508,000 | 2023 | +3.92% | +5.71% | View data |
| 4 | 4 France | 67,107,000 | 2023 | -4.51% | +4.09% | View data |
| 5 | 5 Germany | 66,987,000 | 2023 | +7.6% | -4.89% | View data |
| 6 | 6 Netherlands | 64,624,000 | 2023 | +1.75% | -1.02% | View data |
| 7 | 7 Finland | 36,915,000 | 2023 | +22.2% | +47.59% | View data |
| 8 | 8 Belgium | 30,201,000 | 2023 | +18.06% | +1.23% | View data |
| 9 | 9 Austria | 22,961,000 | 2023 | +8.16% | +12.59% | View data |
| 10 | 10 Greece | 18,567,000 | 2023 | +6.26% | +8.93% | View data |
