Spain Plastic Resin Market Size & Outlook, 2023-2030
Spain plastic resin market, 2018-2030 (US$M)
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Spain plastic resin market highlights
- The Spain plastic resin market generated a revenue of USD 4,119.9 million in 2023 and is expected to reach USD 19,219.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 24.6% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Polyolefin Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 4,119.9 million |
| Market revenue in 2030 | USD 19,219.5 million |
| Growth rate | 24.6% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Polyolefin Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Spain accounted for 3.0% of the global plastic resin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 19,219.5 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain plastic resin 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 plastic resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 31.13% in 2023. Horizon Databook has segmented the Spain plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is known for its clean environment initiatives globally. Companies in the country are constantly striving to develop technologies that can lead to a safer environment. Recent innovations focus on the production of diesel from plastic waste and industrial oils. This, in turn, has led to reduced pollution from wastes and has also helped the country in boosting its economy.
In 2020, polyethylene was the dominant product segment, in terms of volume, in Spain owing to its wide array of properties and usage across multiple industries. It was followed by polypropylene and polyvinyl chloride product segments in the order mentioned. Epoxy polymer segment is estimated to advance at the fastest rate, followed by liquid crystal polymers and PEEK plastic resins, over the forecast period.
DesnudaLaFruta is a campaign that monitors and educates the local consumers on the amount of plastic to be used in packaging products, depending on the type of products to be packaged and materials to be used for packaging.
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Our clientele includes a mix of plastic resin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into Spain plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain plastic resin market size, by type, 2018-2030 (US$M)
Spain Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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