The market for preparations and charges for fire-extinguishers in Spain displayed fluctuating growth from 2013 to 2023. After a notable surge in 2013 (51.99%), the year-on-year growth witnessed inconsistency, with peaks in 2015 (53.2%) and 2016 (34.1%). The CAGR showed robust performance, posting an 11.01% increase over 2013-2015, to a high of 26.88% over 2016-2017, despite a dip in 2017. The recent years observed more moderated growth with a 6.7% increase in 2023 and a 6.87% CAGR over 2018-2023. In 2023, the sector achieved a standing value of EUR 27.962 million.
Looking forward from 2024 to 2028, the forecast anticipates a steady growth with a 4.2% CAGR, indicating a mature but stable market. By 2028, the value is projected to rise to EUR 36.481 million, marking a forecasted 22.83% growth over the five-year period.
Future trends to watch for include technological advancements in fire-extinguishing materials, potential regulatory changes impacting safety standards, and the influence of increasing urbanization and industrial activities driving demand for fire safety solutions.
