6th February 2020 – Global Europe
Polyurethane (PU) Market Research Report Presents Intellect by
Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue
(Mn/Bn USD) and Region –Forecast to 2024.
The Europe polyurethane (PU) Market size
is expected to value at USD 26.24 billion by 2024. The Europe polyurethane (PU)
industry is subject to witness a substantial growth due to the stringent laws
& regulations in regards to energy efficiency and carbon emission
reduction. Rising investment by developed economies across Europe such as UK,
Germany, Poland, and Sweden is expected to boost market growth over the
forecast period. The Europe polyurethane market is predicted to grow at CAGR of
3.8% in the forecast period, providing numerous opportunities for market
players to invest for research and development in the market.
Polyethylene is largely used to produce
polyurethane (PU) foam and structural foam, which is majorly used in various
construction activities. Growing popularity of the polyethylene foam is
credited to the factors such as lightweight, durability, heat resistance, and a
closed-cell material composition. Polyethylene is widely used in the packaging
of delicate products, and automobile parts, thus fostering market value, in the
recent years.
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Rigid polyurethanes has also witnessed
substantial growth in the last couple of years owing to increasing adoption as
a structural material. Rigid polyurethanes has also displayed important
properties such as toughness, lightweight, and resilience. Rigid polyurethanes
also provide protection against chemical reactions and moisture effects thus
making it an ideal choice for various application such as building &
product insulation.
The Europe polyurethane industry is
broadly categorized into six major segments based on the application type such
as furniture & bedding, building & construction, electronics &
appliances, automotive, footwear, and packaging. The building &
construction is considered as one of the fastest growing segment in the market
with substantial revenue generation in the last few years. Growing popularity
of polyurethane (PU) in the building & construction segment is attributed
to the stringent laws & regulations associated with inculcating energy
efficient parts. The furniture & bedding segment has also witnessed
substantial growth as polyurethane (PU) is considered as the ideal for roofs
and walls in new houses.
The Europe polyurethane (PU) market is
divided into developed economies such as UK, Italy, Germany, Poland, and
Sweden. Germany has shown major growth in recent years owing to the rise in the
implementation of latest technologies in building & construction industry,
and existence of well-established industrial infrastructure. Italy is predicted
to hold major market share in the Europe polyurethane (PU) industry with massive
growth in forecast period.
Countries such as UK, Sweden and Poland
are anticipated to lead the Europe polyurethane market with strong economic
growth, well-established socio-economic climate, and significant investment by
leading industry players considering potential growth opportunities in the
region. The key players in the Europe polyurethane (PU) industry are Covestro
AG, Huntsman Co., British Vita Ltd., BASF Group SE, E. I. du Pont de Nemours
and Company, The Dow Chemical Company, Ellsworth Co., Stepan Co., IMCD N.V.,
and Archway Sales, Inc.
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