Over the past decade, the Acrylic Acid and Its Salts market in Lithuania has shown a mix of growth patterns, with fluctuations in annual growth rates. By 2023, the volume reached approximately 119.97 thousand kilograms. The market recorded notable growth in 2016, with a year-on-year increase of 15.49%. Although there was a temporary decline in 2019, recovery was observed in subsequent years, culminating in a 3.3% growth in 2023. The compound annual growth rate over the last five years stands at 1.92%, indicating moderate overall expansion.
Future trends to watch for include:
- Demand shifts influenced by environmental regulations promoting sustainable and biodegradable alternatives.
- Technological advancements in production resulting in efficiency improvements.
- Market dynamics affected by global economic fluctuations potentially impacting supply chain and raw material availability.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 51,709,000 | 2023 | +4.66% | +3.75% | View data |
| 2 | 2 United Kingdom | 30,258,000 | 2023 | +0.5% | +1.32% | View data |
| 3 | 3 Italy | 17,968,000 | 2023 | -2.75% | -2.51% | View data |
| 4 | 4 Spain | 15,732,000 | 2023 | +0.3% | +0.85% | View data |
| 5 | 5 Austria | 2,472,100 | 2023 | +1.67% | +2.97% | View data |
| 6 | 6 Finland | 1,774,400 | 2023 | -20.36% | -13.69% | View data |
| 7 | 7 Lithuania | 119,970 | 2023 | +3.3% | +1.92% |
