Organic solvents and paint removers market in Spain

Earlier Report Observations

The Spanish market for organic solvents and paint removers contracted significantly in volume from 498 thousand tons in 2018 to 167 thousand tons in 2023. In value terms, the market showed volatility, peaking at $367 million in 2021 before falling to $239 million by 2023.

A major influence during this period was the global shift towards bio-based and low-VOC solvents, driven by environmental concerns. This trend was reflected in Spain by manufacturers like Pinturas Lepanto adopting more eco-friendly formulations, altering the product mix within the market.

Stringent international environmental regulations targeting conventional high-VOC solvents continued to shape the market's direction, with the global oxygenated solvents sector valued at $34.3 billion by 2024, underscoring the ongoing transition affecting Spain.

Production organic solvents and paint removers in Spain

In value, 2017-2020, M $ US

Spain's production of organic solvents and paint removers has declined for the second year in a row. In 2020, the output was valued at 257.1 million US dollars, marking a 23.5% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 33.4%, which translates to an average annual decline of 12.7%. The highest production value was recorded in 2018 at 403.5 million US dollars, with the largest year-on-year increase of 4.6% also occurring that year.

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

In kind, 2017-2020, K t

Spain's production volume of organic solvents and paint removers has dropped for the third consecutive year. In 2020, the country produced 413.2 thousand tonnes, representing a significant decline of 10.9% from 2019. Over the 2017-2020 period, production decreased by 24.5%, with a compound annual growth rate of -8.9%.

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

Exports organic solvents and paint removers from Spain

Exports in kind, t

In 2020, Spain exported 26,276 tonnes of organic solvents and paint removers, which was a 4.0% reduction compared to the previous year. From 2017 to 2020, exports decreased by 9.7%, averaging an annual decline of 3.4%. The largest drop occurred in 2018 at 9.3%, while the biggest increase was in 2019 at 3.7%.

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

An analysis of export volumes from 2017 to 2020 reveals a wide distribution across numerous markets. Portugal accounted for 22.0% of exports, Morocco for 13.6%, and Italy for 11.0%. Together, these three countries made up 46.6% of total exports, with the remaining 53.4% going to various other partners.

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, K $ US

Spain's exports of organic solvents and paint removers have declined for the second year in a row. In 2020, export value reached 30,763 thousand US dollars, reflecting a 2.5% decrease from 2019. Over the 2017-2020 period, exports fell by 5.3%, with an average annual decline of 1.8%. The peak export value was recorded in 2018 at 32,801 thousand US dollars. The largest decline occurred in 2019 at 3.8%, while the biggest increase was in 2018 at 0.9%.

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

From 2017 to 2020, Spain's organic solvents and paint removers were exported to a diverse range of markets. Portugal was the top destination with 24.1% of export value, followed by Morocco at 8.8% and Italy at 8.7%. Combined, these three countries accounted for 41.7% of total export value, while the remaining 58.3% was distributed among many smaller markets.

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

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

Imports organic solvents and paint removers to Spain

Imports in kind, t

Spain's imports of organic solvents and paint removers have decreased for the second consecutive year. In 2020, imports totaled 14,957 tonnes, showing a modest decline of 1.9% from the previous year. Between 2017 and 2020, imports actually increased by 3.6%, averaging an annual growth of 1.2%. The highest import volume was in 2018 at 15,666 tonnes. The largest decline occurred in 2019 at 2.7%, while the biggest increase was in 2018 at 8.5%.

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

From 2017 to 2020, the main sources for Spain's imports of organic solvents and paint removers by volume were Germany with 31.3%, Belgium with 24.7%, and the United Kingdom with 9.1%. Together, these three countries supplied 65.0% 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, K $ US

In 2020, Spain's imports of organic solvents and paint removers were valued at 34,845 thousand US dollars, representing a gradual increase of 3.7% compared to 2019. However, over the 2017-2020 period, imports decreased by 3.5%, with an average annual decline of 1.2%. The lowest import value was recorded in 2019 at 33,600 thousand US dollars, while the peak was in 2018 at 39,567 thousand US dollars. The largest decline occurred in 2019 at 15.1%, and the biggest increase was in 2018 at 9.6%.

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

During the 2017-2020 period, Germany, France, and Belgium consistently remained the top sources for Spain's imports of organic solvents and paint removers by value. Germany accounted for 28.5% of import value, France for 13.6%, and Belgium for 12.8%. Together, these three countries made up 54.9% of total import value.

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

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