The polyurethanes market in Spain demonstrated considerable fluctuations from 2012 to 2022. Initial years saw a declining trend with significant year-on-year decreases, notably -11.52% in 2012 and -5.16% in 2013. However, a notable recovery began in 2015 with a 15.42% increase, continuing through to 2018 with consistent growth. The value peaked in 2018 at 117.55 million kilograms. Despite a drop in 2019 by -5.91%, the market managed to regain some stability with growth observed in 2020 and 2022, although 2021 saw a slight setback.
Given the calculated CAGR over the periods, there's a discernible upward trend with year-on-year increases of 5.82% in 2022 positioning the market at 115.2 million kilograms. Average annual growth from 2018 to 2022 was modest at 1.15%. Overall, the Spanish polyurethane market has experienced a mix of fluctuations and moderate growth over the last decade.
Future Trends to Watch For:
- Adoption of eco-friendly and sustainable polyurethanes.
- Technological advancements enhancing polyurethane applications.
- Shift towards higher performance materials driven by end-user demand.
- Impacts of regulatory changes on production processes.
- Developments in local and global economic conditions influencing market dynamics.
How does Spain rank in Polyurethanes Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 601,770,000 | 2023 | +0.63% | -3.8% | View data |
| 2 | 2 Italy | 377,790,000 | 2023 | +3.44% | -0.19% | View data |
| 3 | 3 United Kingdom | 146,380,000 | 2023 | +0.7% | +1.15% | View data |
| 4 | 4 Spain | 111,660,000 | 2023 | -0.9% | -1.02% | |
| 5 | 5 Poland | 71,320,000 | 2023 | +8.33% | +2.21% | View data |
| 6 | 6 Austria | 28,962,000 | 2023 | -1.16% | +0.91% | View data |
