In 2023, Germany led the European market for paints, varnishes, printing ink, and mastics with a production value of 8.7768 billion euros, followed by Italy at 4.9979 billion euros. Notably, Germany saw a modest 2% growth, while Italy increased by 1.08%. Denmark and Austria observed substantial growth at 9.07% and 8.32%, respectively. Conversely, France and Spain experienced declines at -2.43% and -9.08%. Noteworthy is Macedonia's dramatic rise of 26.36%, albeit from a smaller base. Overall, the sector exhibited varied growth, with Eastern European countries generally seeing stronger percentage increases in output.
Future trends to watch include:
- A possible rebound in countries like France and Spain due to anticipated economic recovery.
- Continuous growth in countries like Germany and Denmark driven by innovation and sustainable product developments.
- Increased demand for eco-friendly paints and coatings potentially influencing production elsewhere in the region.
- Technological advancements in production efficiency could alter the competitive landscape, favoring countries investing in such improvements.
Top countries in Sold Production of Paints, Varnishes, Printing Ink and Mastics by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,776,800,000 | 2023 | +0.64% | +2% | View data |
| 2 | 2 Italy | 4,997,900,000 | 2023 | +2.52% | +1.08% | View data |
| 3 | 3 United Kingdom | 3,871,500,000 | 2023 | +0.3% | +1.44% | View data |
| 4 | 4 France | 3,137,500,000 | 2023 | -0.63% | -2.43% | View data |
| 5 | 5 Spain | 2,310,900,000 | 2023 | -5.02% | -9.08% | View data |
| 6 | 6 Netherlands | 1,778,300,000 | 2023 | +1.03% | -1.69% | View data |
| 7 | 7 Poland | 1,536,400,000 | 2023 | +2.48% | +3.09% | View data |
| 8 | 8 Sweden | 1,172,900,000 | 2023 | +2.92% | +5.94% | View data |
| 9 | 9 Belgium | 984,760,000 | 2023 | +1.32% | +1.36% | View data |
| 10 | 10 Finland | 533,870,000 | 2023 | +3.27% | +4.83% | View data |
