The market size of organic composite solvents and thinners based on butyl acetate in Croatia has shown considerable fluctuation from 2013 to 2023, starting at 475.6 thousand kilograms in 2013 and declining to 371.55 thousand kilograms in 2023. Over the past decade, the market saw significant year-on-year changes, including a steep decline in 2014 and a substantial decrease in 2020, due to economic and industry-specific challenges. In the last five years, the compound annual growth rate (CAGR) has averaged at -2.01%, indicating a persistent downtrend in market volume.
Future trends to watch for include:
- Potential industry recovery post-pandemic affecting production and demand dynamics.
- Increasing environmental regulations influencing the use of organic solvents.
- Innovation in green solvents and coatings, which may challenge traditional markets.
- Advancements in technology possibly enhancing efficiency and altering market demands.
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,663,000 | 2023 | +2.31% | +2.26% | View data |
| 2 | 2 Germany | 8,912,500 | 2023 | -2.78% | -3.07% | View data |
| 3 | 3 Spain | 8,083,000 | 2023 | +0.61% | +2.49% | View data |
| 4 | 4 Portugal | 3,485,400 | 2023 | -1.33% | -1.94% | View data |
| 5 | 5 Romania | 1,943,300 | 2023 | -1.59% | -2.22% | View data |
| 9 | 9 Finland | 740,800 | 2023 | -0.95% | +0.56% | View data |
| 10 | 10 Denmark | 648,540 | 2023 | +0.17% | +1.2% | View data |
| 11 | 11 Croatia | 371,550 | 2023 | -2.15% | -2.01% | |
