Spain Wood Plastic Composites Market Size & Outlook
Spain wood plastic composites market, 2018-2030 (US$M)
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Spain wood plastic composites market highlights
- An overview of the Spain wood plastic composites market trends heading towards 2030. The market in Spain generated a revenue of USD 74.9 million in 2021 and is expected to reach USD 199.1 million by 2030.
- The overall growth of the Spain market from 2021 to 2030. The Spain market is expected to grow at a CAGR of 11.5% from 2022 to 2030.
- A look at the Spain market revenues per segment in 2021. In terms of segment, polyethylene was the largest revenue generating product in 2021.
- The segment witnessing the fastest revenue growth within the market. Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
Wood plastic composites market data book summary
| Market revenue in 2021 | USD 74.9 million |
| Market revenue in 2030 | USD 199.1 million |
| Growth rate | 11.5% (CAGR from 2021 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polypropylene, Polyvinylchloride |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Fortune Brands Innovations Inc, FKuR, JM Holdings Co Ltd, TAMKO Building Products, Trex Co Inc, UFP Industries Inc, Advanced Environmental Recycling Technologies, Beologic, Polyplank, Timber Tech |
Other key industry trends
- In terms of revenue, Spain accounted for 1.3% of the global wood plastic composites market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany wood plastic 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 418.6 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.55% in 2021. Horizon Databook has segmented the Spain wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of Spain is driven by major industries including energy, construction, tourism, agriculture, and manufacturing. The growth of these industries, in turn, is likely to boost residential and commercial construction including private housing, sports complexes, warehouses, manufacturing facilities, hotels & restaurants, shopping malls, and supermarkets, thereby driving the demand for wood plastic composite products in the country.
A substantial surge in residential construction activities, driven by long-term investments in the sector is expected to augment the growth for WPC in application segment including decking, fencing, and molding, which in turn is expected to open new growth avenues for the market over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Spain Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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