The market is dominated by domestic suppliers, as imports account for 27.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 96.0% of total demand in 2023. Spain has the fifth largest market size for paints and varnishes regionally, with demand reaching USD7.0 billion in 2023. Torrecid SA is the largest company in Spain, generating 5.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 22.8% of total production value in 2023. The total number of companies decreases in 2023, to 404 units. The costs of the industry increase by 0.9% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 15.4% of production value in 2023, the ninth highest regionally. The industry’s exports share decreases in 2023 to 41.6% of total production output. With production value of USD6.3 billion, Spain accounts for 10.2% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in Spain: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in Spain: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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