In 2023, Poland led European production of aromatic polycarboxylic and carboxylic acids with additional oxygen functions, holding the largest share of 74.43%, with significant growth of 10.64% year-on-year. Spain and Italy followed, with shares of 23.32% and 11.17% respectively. Notably, France showed a remarkable increase of 89.08%, despite holding a minimal overall share. Germany, Belgium, and other European countries hold relatively minor shares, but specific countries like Portugal experienced notable year-on-year growth of 22.79%.
Future trends to watch in the European market include Poland maintaining its lead. However, the rapidly growing demand in Spain and Italy could lead to a competitive shift. Additionally, unexpected growth in smaller markets like France hints at potential emerging players. Environmental regulations and technological advancements will likely influence future production and distribution across these markets.
Top countries in Sold Production of Aromatic Polycarboxylic and Carboxylic Acids with Additional Oxygen Functions Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 74.43 | 2023 | +5.9% | +10.64% | View data |
| 2 | 2 Spain | 23.32 | 2023 | +19.01% | +29.52% | View data |
| 3 | 3 Italy | 11.17 | 2023 | +6.7% | +7.87% | View data |
| 4 | 4 Germany | 2.1 | 2021 | -90.34% | +1.01% | View data |
| 5 | 5 Belgium | 1.58 | 2023 | +21.08% | -1.73% | View data |
| 6 | 6 France | 0.9 | 2023 | +93.37% | +89.08% | View data |
| 7 | 7 Netherlands | 0.11 | 2021 | View data | ||
| 8 | 8 Finland | 0.1 | 2023 | +7.53% | +9.9% | View data |
| 9 | 9 Slovakia | 0.056 | 2023 | +4.96% | +1.91% | View data |
| 10 | 10 Portugal | 0.025 | 2023 | +34.69% | +22.79% | View data |
