Mastics, fillers and surfacing preparations market in Spain

Earlier Report Observations

The market volume for mastics, fillers and surfacing preparations in Spain showed significant growth over the 2018-2024 period, rising from 53.8 thousand tons to 112.5 thousand tons. This expansion was not linear, with a sharp increase in 2019 followed by a contraction in 2020, then steady growth peaking at 120.8 thousand tons in 2023 before a modest decline in 2024.

The peak in market volume in 2023 was followed by a slight decrease in 2024, which coincided with increased production costs due to volatility in petrochemical raw material prices. At the same time, European regulations on volatile organic compound emissions pushed manufacturers towards more sustainable, low-VOC formulations, shifting the product mix towards higher-value items and contributing to a rise in market value despite the volume drop.

The market was shaped by growing investment in construction and infrastructure, which drove demand, particularly from the residential, commercial, and industrial sectors. Key players like Henkel, 3M, and Sika launched new high-performance products, while new entrants focused on technological innovation and sustainability, especially in the automotive and aerospace industries where durability and environmental resistance are critical.

Production mastics, fillers and surfacing preparations in Spain

In value, 2017-2020, M $ US

Spain's production of mastics, fillers, and surfacing preparations has declined for the third consecutive year. In 2020, output was valued at 129.2 million US dollars, representing a 7.8% decrease from the previous year. From 2017 to 2020, production fell by 18.2%, which translates to an average annual decline of 6.5%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, t

Following two years of growth, Spain's production of mastics, fillers, and surfacing preparations declined. In 2020, the country produced 92 118 tonnes, marking a modest 4.5% year-on-year decrease. The peak was recorded in 2019 at 96 473 tonnes, which also saw the largest increase of 4.3%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports mastics, fillers and surfacing preparations from Spain

Exports in kind, t

Spain's exports of mastics, fillers, and surfacing preparations have declined for the second year in a row. In 2020, exports stood at 73 600 tonnes, showing a slight 3.6% drop compared to 2019. From 2017 to 2020, exports decreased by 14.7%, with a compound annual growth rate of -5.2%. The highest level was in 2018 at 96 460 tonnes, which also experienced the largest increase of 11.8%. In contrast, 2019 saw the sharpest decline of 20.9%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

Between 2017 and 2020, Spain's exports in kind were widely distributed across various countries. Portugal accounted for 26.2% of exports, France for 11.4%, and Morocco for 6.2%, together making up 43.8% of total flows. The remaining 56.2% was spread among numerous other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

In 2020, Spain exported 126.3 million US dollars worth of mastics, fillers, and surfacing preparations, reflecting a moderate 3.3% increase from 2019. From 2017 to 2020, exports grew by 6.8%, averaging an annual rise of 2.2%. The peak was in 2018 at 127.8 million US dollars, which also saw the largest increase of 8.0%. However, 2019 experienced a decline of 4.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

From 2017 to 2020, Spain's export portfolio in value terms was quite diverse. Portugal represented 17.5% of exports, France 12.0%, and Morocco 8.8%, together accounting for 38.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports mastics, fillers and surfacing preparations to Spain

Imports in kind, t

After two years of growth, Spain's imports of mastics, fillers, and surfacing preparations declined. In 2020, imports totaled 65 090 tonnes, showing a significant 12.6% decrease from the previous year. From 2017 to 2020, imports increased by 7.6%, with an average annual growth rate of 2.5%. The highest level was in 2019 at 65 090 tonnes, which also recorded the largest increase of 12.6%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

Between 2017 and 2020, Germany led as the top supplier of mastics, fillers, and surfacing preparations to Spain, accounting for 33.8% of imports in kind. France followed with 16.5%, and Italy with 9.3%. Together, these three countries made up 59.7% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

Following two years of growth, Spain's imports of mastics, fillers, and surfacing preparations declined. In 2020, imports amounted to 283.0 million US dollars, representing a sharp 20.8% reduction compared to 2019. From 2017 to 2020, imports decreased by 3.5%, with a compound annual growth rate of -1.2%. The peak was in 2019 at 357.4 million US dollars, while 2018 saw the largest increase of 13.1%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Throughout 2017 to 2020, Germany dominated Spain's imports in value terms, accounting for 66.3%. France contributed 6.8%, and Belgium 6.6%. Together, these three markets represented 79.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020