Spain Composite Strengthening Systems Market Size & Outlook
Spain composite strengthening systems market, 2018-2030 (US$M)
Related Markets
Spain composite strengthening systems market highlights
- The Spain composite strengthening systems market generated a revenue of USD 2.2 million in 2023 and is expected to reach USD 3.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, fiber-reinforced polymer (frp) was the largest revenue generating product in 2023.
- Fiber-Reinforced Polymer (FRP) is the most lucrative product segment registering the fastest growth during the forecast period.
Composite strengthening systems market data book summary
| Market revenue in 2023 | USD 2.2 million |
| Market revenue in 2030 | USD 3.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Fiber-reinforced polymer (frp) |
| Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber-Reinforced Polymer (FRP), Fabric-Reinforced Cementitious Matrix (FRCM) |
| Key market players worldwide | Simpson Strong-Tie Company |
Other key industry trends
- In terms of revenue, Spain accounted for 1.4% of the global composite strengthening systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composite strengthening systems market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 9.9 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 72.73% in 2023. Horizon Databook has segmented the Spain composite strengthening systems market based on fiber-reinforced polymer (frp), fabric-reinforced cementitious matrix (frcm) covering the revenue growth of each sub-segment from 2018 to 2030.
Spain consists of a large number of historical places, monuments, cultural landscapes, and archaeological sites.
Additionally, the country has 45 UNESCO World Heritage sites which are defined as places of natural and cultural significance.
This keeps up the demand for composite strengthening systems to maintain the safety of historical structures and increase their load-bearing capacities.
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Composite Strengthening Systems Market Scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain composite strengthening systems market size, by product, 2018-2030 (US$M)
Spain Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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