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Europe Polyurethane Industry Survey and 2024 Future Outlook

Growing need for sustainable construction in the region is a key driving factor for industry growth. Europe Polyurethane (PU) Market is expected to reach USD 26.24 billion by 2024, according to a new report by Grand View Research, Inc.


The industry is primarily driven by growth in end-use industries such as construction, automotive & transportation and furniture & bedding. Reinforcement of construction industry in the European region is anticipated to be the key driving factor over the forecast period. Eastern European countries such as Hungary, Poland and Slovakia are anticipated to witness significant growth regarding construction spending which in turn is expected to drive rigid polyurethane foam demand.

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

Germany was the leading consumer with demand share estimated at 17.4% in 2015. Being a major automotive manufacturing hub and exporter of passenger cars, rigid foams were the dominant product consumed in the country. The product accounted for nearly 30% of Germany’s PU consumption in 2015.

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Russia is expected to witness the highest growth of 4.3% over the forecast period. High construction output and growth of automotive industry is expected to drive the regional market.

Top Players of Europe Polyurethane (PU) Market:

Key players operating in Europe PU market include BASF, The Dow Chemical Company, Bayer Material Science, Huntsman Corporation, Nippon Polyurethane Corporation Ltd., Foamex International and Evonik Industries.

Market Segmentation of Europe Polyurethane (PU) Market:

The Europe Polyurethane (PU) Market on the basis of Product, End-Use and Region.

By Product:

    Rigid Polyurethane Foam
    Flexible Polyurethane Foam
    Polyurethane Coatings
    Adhesives & Sealants
    Polyurethane Elastomers
        Sprayed Polyurethane Elastomers
        Cast Polyurethane Elastomers

By End-Use:

    Furniture & Bedding
    Construction
    Electronics & Appliances
    Automotive
    Footwear
    Packaging

By Region:

    Germany
    UK
    France
    Italy
    Spain
    Belgium
    Russia
    The Netherlands

Inquire about Europe Polyurethane Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2962
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