Europe Polyurethane Market To Reflect Lucrative Growth Potential Of $26.24 Billion By 2024: Grand View Research Inc.

Europe Polyurethane Market To Reflect Lucrative Growth Potential Of $26.24 Billion By 2024: Grand View Research Inc.

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According to a recent report published by Grand View Research Inc., growing construction investments across Germany, Poland, the U.K., and Sweden is set to fuel market expansion.

According to a report, “Europe Polyurethane Market Size, Share & Trends Analysis Report By Product, By End-use, By Region (Germany, U.K., France, Italy, Spain, Belgium, Russia, The Netherlands, Rest Of Europe), And Segment Forecasts, 2016 – 2024”, published by Grand View Research, Inc. The Europe polyurethane (PU) market size is expected to reach USD 26.24 billion, registering a staggering CAGR by 2024, as per a new report by Grand View Research Inc. Growing need for sustainable construction activities in Europe is a key driving factor for the industry progression. 

The market is primarily driven by the ongoing expansion in the end-use industries such as automotive & transportation, construction, and furniture & bedding. The construction sector in the European region has geared up and will be the key driving factor over the forecast period. Eastern European countries such as Poland, Hungary, and Slovakia are projected to witness an augmented growth in terms of construction spending. This will to drive rigid polyurethane (PU) foam demand over the forecast period. 

Rigid foam was the highest consumed product in 2015 and accounted for over 30% of the European market volume. EU regulations on financial incentives and energy efficiency of households are aimed at improving in-house safety and cutting down on energy costs It is also expected to witness the highest growth of 4.0% over the forecast period.

Germany polyurethane (PU) market revenue by product, 2010 - 2024 (USD Million)

Europe Polyurethane Market Highlights

  1. Flexible PU foam product led the market by accounting for one-third of the overall volume in 2016. Flexible foam is a broadly used material due to its unique combination of function and form. Foam can be easily molded into any shape and the segment is expected to gain a market share of 35.0% by 2024.

  2. Construction was the leading end-use segment in 2015, with an overall 35.0% of the market volume. Stringent regulations laid down by the government to use energy-efficient building parts are expected to drive the construction industry in the region.

  3. In 2015, Germany was the second-largest country to account for over 17.0% share but is anticipated to lose some share to other emerging nations in the region.

  4. Russia is projected to emerge as the fastest-growing country, exhibiting a CAGR of 4.5% during the forecast period. The government has introduced schemes to enhance existing infrastructure and networking systems to improve international trade.

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Europe Polyurethane Market Segmentation

Grand View Research has segmented the Europe polyurethane (PU) market on the basis of product, end-use and region:

Europe Polyurethane (PU) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)

  • Rigid Polyurethane Foam

  • Flexible Polyurethane Foam

  • Polyurethane Coatings

  • Adhesives & Sealants

  • Polyurethane Elastomers

    • Sprayed Polyurethane Elastomers

    • Cast Polyurethane Elastomers

    • Others

  • Others

Europe Polyurethane (PU) End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)

  • Furniture & Bedding

  • Construction

  • Electronics & Appliances

  • Automotive

  • Footwear

  • Packaging

  • Others

Europe Polyurethane (PU) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Belgium

  • Russia

  • The Netherlands

  • Rest of Europe

List of Key Players in Europe Polyurethane Market

  1. Covestro

  2. Huntsman Corporation

  3. British Vita Limited

  4. BASF

  5. DuPont

  6. The Dow Chemical Company

  7. Ellsworth Adhesives

  8. Stepan Co.

  9. IMCD, 

  10. Archway Sales, Inc.

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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