Grand View Research, Inc. – Market Research And Consulting.
According to report published by GrandViewResearch.com has announced the addition of Europe Polyurethane (PU) Market revenue is expected to reach USD 26.24 billion by 2024, demand was 4.91 million tons in 2015 and is expected to reach 6.90 million tons by 2024, growing at a CAGR of 3.8% from 2016 to 2024.
Europe polyurethane (PU) market is expected to reach USD 26.24 billion by 2024, 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 foam demand.
Full research report on Europe polyurethane (PU) market analysis: http://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market
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.
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Further key findings from the report suggest:
Europe polyurethane market size was 4.91 million tons in 2015 and is expected to reach 6.90 million tons by 2024, growing at a CAGR of 3.8% from 2016 to 2024.
Construction was the largest consumer of polyurethanes and accounted for over 35% of the overall volume in 2015. Electronics & appliances is expected to witness the highest growth of 5.3% 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.
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.
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.
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/europe-polyurethane-pu-market-analysis
About Grand View Research
Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Web: www.grandviewresearch.com
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