Spain Injection Molded Plastic Market Size & Outlook
Spain injection molded plastic market, 2019-2030 (US$M)
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Spain injection molded plastic market highlights
- The Spain injection molded plastic market generated a revenue of USD 3,385.4 million in 2023 and is expected to reach USD 4,171.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 3,385.4 million |
| Market revenue in 2030 | USD 4,171.7 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, Spain accounted for 1.0% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 28,920.9 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.27% in 2023. Horizon Databook has segmented the Spain injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
The demand for injection molded plastics in Spain is expected to be driven by automotive industry. As of 2019, automobile parts manufacturing sector was the third largest in Europe, in terms of turnover, and the second largest in terms of the total vehicle production. The industry is expected to continue to witness growth over the forecast period, thus, propelling the development of the injection molded plastics market.
Moreover, the robust growth of medical device industry is further projected to augment the market growth of injection molded plastics over the forecast period. As of 2019, medical device industry in Spain is the fifth- most extensive in the Western European region. However, market growth of medical device industry is anticipated to be slow owing to ongoing economic challenges in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Spain injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Spain injection molded plastic market outlook size, by raw material, 2019-2030 (US$M)
Spain Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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