Europe Polyurethane Market Size To Worth USD 31.1 Billion By 2033 | CAGR of 4.46%
Category: Chemicals & MaterialsEurope Polyurethane Market Size To Worth USD 31.1 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Europe Polyurethane Market Size is to Grow from USD 20.1 Billion in 2023 to USD 31.1 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.46% during the projected period.
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Browse key industry insights spread across 212 pages with 108 Market data tables and figures & charts from the report on the "Europe Polyurethane Market Size, Share, and COVID-19 Impact Analysis, By Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, and Others), By End-Use (Furniture and Interiors, Construction, Electronic Appliances, Automotive, Footwear, Packaging, and Others), and Europe Polyurethane Market Insights, Industry Trend, Forecasts to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/europe-polyurethane-market
The polymer known as polyurethane (PU or PUR) is made up of links of polyols and isocyanate sequenced differently. It results from the reaction of isocyanate with polyols. There are two varieties: thermoplastic and thermosetting polymers. The production of gaskets, elastomers, high-performance adhesives, surface coatings, and synthetic fibers all make extensive use of it. A common material for flexible foams used in furniture such as couches, chairs, mattresses, and carpet underlay, polyurethane has several uses. In the defense sector, it is also used for combat boot soles, tactical helmets, and impact cushions. Polyurethane coatings are also used to improve the durability and scratch and water resistance of surfaces. Developments in electric and hybrid vehicles have further accelerated the use of polyurethane (PU) in automotive interiors, exteriors, and under-the-hood applications which propelled the market. However, strict environmental laws that restrict the use of specific chemicals and volatile raw material prices may cause production costs to fluctuate.
The rigid foam segment is anticipated to hold the largest market share of the Europe polyurethane market during the projected timeframe.
Based on the product, the Europe polyurethane market is classified into rigid foam, flexible foam, coatings, adhesives & sealants, elastomers, and others. Among these, the rigid foam segment is anticipated to hold the largest market share of the Europe polyurethane market during the projected timeframe. Rigid polyurethane (PU) was frequently utilized to reinforce building structures, reduce energy consumption, and increase insulation. The primary factor propelling the market was the growing demand for energy efficiency in the building sector.
The construction segment is predicted to dominate the Europe polyurethane market during the projected timeframe.
Based on the end-use, the Europe polyurethane market is categorized into furniture and interiors, construction, electronic appliances, automotive, footwear, packaging, and others. Among these, the construction segment is predicted to dominate the Europe polyurethane market during the projected timeframe. The market is driven by the growing demand for residential housing brought about by urbanization, population expansion, and migration in metropolitan areas. PU materials are therefore becoming more and more necessary in buildings to increase energy efficiency, especially for coatings, floors, and insulation. PU adhesives, sealants, and coatings have been used in building renovation projects.
Major vendors in the Europe polyurethane market include Covestro AG, BASF SE, Huntsman Corporation, Dow Inc., Recticel NV/SA, LANXESS AG, Wanhua Chemical Group, Interplasp, Paul Bauder GmbH & Co. KG, Evonik Industries AG, and Others.
Recent Developments
- In May 2024, VORATRON Polyurethanes Systems finished the mechanical setup of its gap filler and adhesive production line at its Polyurethanes Systems House in Ahlen, Germany. This expansion will increase the product family's capacity, enabling the business to meet the growing demand for these materials in battery assembly solutions for the e-mobility industry.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Polyurethane Market based on the below-mentioned segments:
Europe Polyurethane Market, By Product
- Rigid Foam
- Flexible Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others
Europe Polyurethane Market, By End-Use
- Furniture and Interiors
- Construction
- Electronic Appliances
- Automotive
- Footwear
- Packaging
- Others
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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