Polyurethanes Market in Europe 2023

Polyurethanes Market in Europe 2023

Polyurethanes are a type of polymer that is produced by reacting isocyanates with polyols. They are widely utilized in various applications such as insulation, adhesives, coatings, and flexible and rigid foams. Polyurethanes are renowned for their durability, versatility, and resistance to wear and tear. They can be tailored to have a wide range of properties, varying from soft and flexible to hard and rigid, depending on the specific application. In addition, polyurethanes are employed in the medical industry for implants, wound dressings, and drug delivery systems. Polyurethanes can be classified as either thermoplastic or thermosetting, depending on the type of reaction employed in their formation. The polyurethanes in Europe market is expected to increase by USD 5.9 billion, at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2029, according to the latest edition of the Polyurethanes Market in Europe Report.

This industry report offers market estimates of the Europe market, followed by a detailed analysis of the product, material, application, end user, and country. The Europe market data on polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. In Europe, the thermoset polyurethanes segment made up the largest share of the polyurethanes market. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. The MDI segment captured the largest share of the market in 2022. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). According to the research, the flexible foams segment had the largest share in the polyurethanes market in Europe. On the basis of end user, the polyurethanes market also can be divided into: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others. The furniture and bedding segment held the largest revenue share in 2022. Polyurethanes market by country is categorized into: France, Germany, Italy, Spain, UK, the rest of European countries.

The Europe polyurethanes market is highly competitive. As of 2022, the major players in the Europe polyurethanes market were Accella Polyurethane Systems LLC, BASF SE, C.O.I.M. s.p.a., China Haohua Chemical Group Co. Ltd., Covestro AG, DIC Corporation, Dow Inc., Huada Chemical Group Co. Ltd., Huafon Group Co. Ltd., Huntsman Corporation, INOAC Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), Nippon Aqua Co. Ltd., Shandong INOV Polyurethane Co. Ltd., Synthesia Technology Inc., The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co. Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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