Spain Building Thermal Insulation Market Size & Outlook
Spain building thermal insulation market, 2018-2030 (US$M)
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Spain building thermal insulation market highlights
- The Spain building thermal insulation market generated a revenue of USD 391.7 million in 2022 and is expected to reach USD 573.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, glass wool was the largest revenue generating product in 2022.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
Building thermal insulation market data book summary
| Market revenue in 2022 | USD 391.7 million |
| Market revenue in 2030 | USD 573.0 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, PUR |
| Key market players worldwide | Rockwool AS Class B, GAF, Guardian Capital Group Ltd, Huntsman Corp, Johns Manville, Atlas Roofing, CertainTeed Corporation, Dow Building Solutions, Owens-Corning Inc, Compagnie de Saint-Gobain SA, Kingspan Group PLC, Cellofoam, Rockwool, Byucksan, BASF |
Other key industry trends
- In terms of revenue, Spain accounted for 1.6% of the global building thermal insulation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 487.3 million by 2030.
Glass wool was the largest segment with a revenue share of 33.14% in 2022. Horizon Databook has segmented the Spain building thermal insulation market based on glass wool, mineral wool, eps, xps, cellulose, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
The building thermal insulation market in Spain is expected to witness a considerable growth in the foreseeable future, owing to the substantial surge in residential construction activities, driven by longterm investments in the sector.
The rebound of construction sector in the country owing to the economic recovery and increased foreign investments, following years of severe recession, is anticipated to boost construction activities, thereby fueling the demand for building thermal insulation over the forecast period.
Increased rate of tourism, retail trade, and business turnover are projected to boost commercial construction including hotels & restaurants, resorts, shopping malls, supermarkets, and offices. The government of Spain provides a universal healthcare system to its citizens.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain building thermal insulation market size, by product, 2018-2030 (US$M)
Spain Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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