Key Market Indicators
Spain is poised to become the fifth largest Chemicals Manufacturing market in Europe by 2026. With production set to reach €42.3 billion in 2026, up from €39.7 billion in 2021, the country will be overtaking the Netherlands. France, Italy and the Netherlands are currently the second, third and fourth biggest markets, respectively. Since 2000, Spanish Chemicals Manufacturing production has grown at an average rate of 2.4 percent year on year. Meanwhile, the share of Spanish Chemicals Manufacturing revenue in Manufacturing Value Added has decreased by 0.8 points on average since 1968. In 2021, it was 12.08 percent. But by 2026, this is expected to reach 12.48 percent.