The Portuguese paints and coatings market has shown considerable fluctuations over the past decade. The market stood at 310.19 million kilograms in 2023. Following a moderate decline from 2013 to 2014, the sector rebounded in 2015 with a notable year-on-year increase of 12.14%. However, 2019 saw a downturn, with a 5.87% decline. Recovery efforts led to a moderate growth in 2020, but subsequent years showed volatility. Over the last two years (2022-2023), the market increased by 0.73%, indicating stabilization, while the compound annual growth rate for the past five years was 0.63%.
Future trends to watch for:
- Increasing demand for eco-friendly and sustainable products.
- Technological advancements in product formulations enhancing durability and performance.
- Potential impact of regulatory changes aimed at reducing carbon emissions in manufacturing processes.
- Economic recovery influencing construction and automotive industries, which are major consumers of paints and coatings.
How does Portugal rank in Paints and Coatings Market Size Volume?
| # | 17 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,996,400,000 | 2023 | +1.45% | +1.28% | View data |
| 2 | 2 Italy | 1,952,400,000 | 2023 | -0.079% | -0.56% | View data |
| 3 | 3 Germany | 1,388,700,000 | 2023 | -3% | -1.63% | View data |
| 4 | 4 United Kingdom | 1,267,300,000 | 2023 | +0.026% | +0.53% | View data |
| 5 | 5 Bulgaria | 705,470,000 | 2023 | +1.56% | +3.39% | View data |
| 7 | 7 Sweden | 539,400,000 | 2023 | +2.08% | +5.24% | View data |
| 8 | 8 Finland | 323,070,000 | 2023 | +2.88% | +1.74% | View data |
| 9 | 9 Portugal | 310,190,000 | 2023 | +0.73% | +0.63% | |
| 10 | 10 Czech Republic | 271,020,000 | 2023 | -2.73% | -1.4% | View data |
| 11 | 11 Romania | 242,590,000 | 2023 | -0.35% | -2.45% | View data |
