The market for paints and varnishes based on acrylic or vinyl polymers in an aqueous medium in Estonia has shown a declining trend over recent years. In 2023, the market size stood at 18.043 million euros. The year-on-year analysis reveals consecutive annual decreases over the past five years, with a cumulative average growth rate (CAGR) of -6.38% for the same period. These statistics reflect a contraction phase after a period of growth which peaked in 2017.
Future trends to watch for:
- Technological advancements and innovations driving product efficiency
- Environmental regulations influencing market dynamics and demand
- Potential recovery or further decline based on economic factors
- Shifts in consumer preferences towards sustainable products
How does Estonia rank in Paints and Varnishes Based on Acrylic or Vinyl Polymers Dispersed or Dissolved in an Aqueous Medium Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,542,700,000 | 2023 | +1.74% | +2.43% | View data |
| 2 | 2 France | 1,507,800,000 | 2023 | -1.41% | -1.28% | View data |
| 3 | 3 United Kingdom | 1,337,300,000 | 2023 | -0.44% | +0.28% | View data |
| 4 | 4 Italy | 1,133,100,000 | 2023 | -1.67% | +1.73% | View data |
| 5 | 5 Netherlands | 723,490,000 | 2023 | +7.75% | +9.37% | View data |
| 20 | 20 Bulgaria | 26,671,000 | 2023 | +0.62% | +0.27% | View data |
| 21 | 21 Latvia | 24,287,000 | 2023 | +5.45% | +5.02% | View data |
| 22 | 22 Estonia | 18,040,000 | 2023 | -6.25% | -6.38% | |
| 23 | 23 Luxembourg | 14,194,000 | 2023 | +1.31% | -0.72% | View data |
