The Romanian paints and coatings market exhibited a fluctuating trend from 2013 to 2023, reaching a volume of 242.59 million kilograms in 2023. Between 2013 and 2016, the market grew, peaking in 2016, followed by a downward trend, with significant declines in 2018 and slight recoveries offset by steady declines from 2020 onwards. The CAGR for the last five years indicates an average annual decline of 2.45%.
Future trends to watch include:
- The impact of sustainability demands and regulations influencing product compositions and innovations.
- Potential growth driven by economic recovery and infrastructural investments.
- Technological advancements paving the way for new, eco-friendly product lines.
How does Romania 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 |
| 9 | 9 Portugal | 310,190,000 | 2023 | +0.73% | +0.63% | View data |
| 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% | |
| 12 | 12 Slovakia | 237,570,000 | 2023 | +1.92% | +1.31% | View data |
| 13 | 13 Greece | 211,170,000 | 2023 | +2.74% | +2.5% | View data |
