Spain Composites Market Size & Outlook, 2022-2030
Spain composites market, 2018-2030 (US$M)
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Spain composites market highlights
- The Spain composites market generated a revenue of USD 1,765.6 million in 2022 and is expected to reach USD 2,870.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
Composites market data book summary
| Market revenue in 2022 | USD 1,765.6 million |
| Market revenue in 2030 | USD 2,870.1 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, Spain accounted for 1.9% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composites 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 2,669.2 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 59.4% in 2022. Horizon Databook has segmented the Spain composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is a leading innovator and manufacturer for the aerospace and defense sector. The country’s increased investment into strengthening its defense requirements as well as bolstering innovation activities are expected to positively impact the market for composites.
Spain has the fifth largest installed wind capacity around the world. According to Spanish wind power association, Asociación Empresarial Eólica (AEE), Spain’s objective is to reach 50 GW of installed wind power by 2030, resulting in the installation of 2,300 MW annually over the forecast period. The country’s rising focus on wind power is expected to boost the demand for composites market.
A rise in demand for hybrid and electric vehicles segment in Spain is expected to support the market for composites over the forecast period. As per the reports by European Automobile Manufacturers’ Association, in 2022 Spain witnessed a 22% growth for the battery operated electric vehicles.
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Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain composites market , including forecasts for subscribers. This country databook contains high-level insights into Spain composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain composites market size, by product, 2018-2030 (US$M)
Spain Composites Market Outlook Share, 2022 & 2030 (US$M)
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