Europe Polyurethane Market Size To Hit USD 27.5 Billion By 2030


 San Francisco, 19 Sep 2024: The Report Europe Polyurethane Market Size, Share & Trends Analysis By Product (Flexible, Rigid), By End-use (Furniture & Interiors, Construction), By Country, And Segment Forecasts, 2024 - 2030

The europe polyurethane market size is expected to reach USD 27.5 billion by 2030, registering to grow at a CAGR of 4.0% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing need for sustainable construction in the region is a key driving factor for industry growth. 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 (PU) foam demand. 

Rigid foam was the highest consumed product and accounted for over 33.0% of the European market volume in 2023. 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.

Access Research Report of Europe Polyurethane Market @ https://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market

Europe Polyurethane Market Report Highlights

  • Europe polyurethane market size was 21.1 billion in 2023 and is expected to reach 27.5 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
  • The construction industry accounted for the largest market share in 2023. The market was driven by residential demand in metropolitan areas owing to urbanization, population growth, and migration. This has resulted in the growing demand for PU materials for insulation, flooring, and coatings to enhance energy efficiency in buildings.
  • The rigid PU market secured the dominant market share of 33.0% in 2023 owing to its excellent thermal insulation properties. The market was primarily driven by the growing demand for energy efficiency required in the construction industry.
  • Key players operating in Europe PU market include Covestro AG; BASF SE; Huntsman Corporation; Dow Inc.; Recticel NV/SA; LANXESS AG; Wanhua Chemical Group; Interplasp; Paul Bauder GmbH & Co. KG.

Europe Polyurethane Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 21.8 billion

Revenue forecast in 2030

USD 27.5 billion

Growth Rate

CAGR of 4.0% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Europe Polyurethane Market

  • 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

Access Press Release of Europe Polyurethane Market @ https://www.grandviewresearch.com/press-release/europe-polyurethane-pu-market-analysis

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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