In 2023, Spain led European sold production of organic composite solvents and thinners with the most significant volume. Germany, Netherlands, and Poland showed notable year-on-year increases, with Poland marking the highest growth rate of over 11%. Conversely, Italy and Portugal experienced declines. Austria's production surged by over 9%, while Belgium and Sweden faced double-digit contractions. Overall, Western European countries dominated production volumes, with Eastern European countries showing varied performance. Key trends highlight Germany and Netherlands as growing hubs, while stabilization is observed in Spain and the United Kingdom.
Looking ahead, trends suggest continuous growth potential in countries experiencing industrial expansion and environmental regulations driving organic solvent demand. Northern European countries might face pressures due to stringent emissions standards, fostering innovation in greener alternatives.
Top countries in Sold Production of Organic Composite Solvents and Thinners Used in Conjunction with Coatings and Inks by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 481,280,000 | 2023 | +5.21% | -0.79% | View data |
| 2 | 2 Germany | 203,600,000 | 2023 | +1.07% | +1.59% | View data |
| 3 | 3 Italy | 55,176,000 | 2023 | -9.88% | -4.48% | View data |
| 4 | 4 Netherlands | 49,072,000 | 2023 | +0.77% | +4.47% | View data |
| 5 | 5 United Kingdom | 39,978,000 | 2023 | -3.38% | +0.99% | View data |
| 6 | 6 Poland | 20,951,000 | 2023 | -1.85% | +11.32% | View data |
| 7 | 7 Bulgaria | 18,756,000 | 2023 | +4.2% | +2.6% | View data |
| 8 | 8 France | 17,018,000 | 2023 | -0.3% | -2.57% | View data |
| 9 | 9 Slovakia | 14,144,000 | 2023 | +2.65% | +10.35% | View data |
| 10 | 10 Portugal | 7,746,500 | 2023 | -0.045% | -5.68% | View data |
