Europe Polyurethane Market Size, Share & Trends Analysis Report By Raw Material (Polyols, Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, and Others), By Application, By Product, By Country and Growth Forecast, 2023 - 2030
The Europe Polyurethane Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,650.6 kilo tonnes, showcasing a growth of 3.2% (2019-2022).
Polyurethane derived from Methylene Diphenyl Di-isocyanate (MDI) holds a prominent position in various industries due to its exceptional properties. MDI-based polyurethane is extensively utilized in construction, automotive, electronics, and furniture sectors. Its remarkable versatility enables the production of rigid foams for insulation, flexible foams for comfort applications, adhesives, coatings, and elastomers. Thus, France market consumed 646.5 killo tonnes of polyurethane in 2022.
The Germany market dominated the Europe Polyurethane Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,423.3 million by 2030. The UK market is exhibiting a CAGR of 3.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.7% during (2023 - 2030).
Polyurethane is commonly used to manufacture shoe soles due to its lightweight, abrasion-resistant, and shock-absorbing properties. It provides cushioning and support, enhancing comfort and performance in footwear.
Additionally, due to its biocompatibility, flexibility, and chemical resistance, it is used to produce medical devices such as catheters, tubing, and prosthetics. It meets stringent regulatory standards for medical applications and ensures patient safety and comfort.
Polyurethane materials can be used for constructing and insulating charging station enclosures, cable management systems, and protective covers, contributing to developing robust and weather-resistant infrastructure for EV users. According to the (ITA), in 2022, passenger EV sales in Belgium increased by 39.7 percent year-over-year to 98,356 units, representing an EV penetration rate of 26.9 percent of total new passenger vehicle sales. Battery EV (BEV) sales increased by 72.1 percent year-over-year to 37,815 units. Plug-in hybrid EV (PHEV) sales grew 25 percent to 60,541 units. Thus, the expansion of Europe’s automotive sector will propel the regional market.
Based on Raw Material, the market is segmented into Polyols, Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, and Others. Based on Application, the market is segmented into Construction, Furniture & Interiors, Electronics & Appliances, Footwear, Automotive, Packaging, and Others. Based on Product, the market is segmented into Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- ArcelorMittal S.A.
- thyssenkrupp AG
- BASF SE
- Covestro AG
- The Dow Chemical Company
- Huntsman Corporation
- Lanxess AG
- Mitsui Chemicals, Inc.
- Tosoh Corporation
- Eastman Chemical Company
By Raw Material (Volume, Kilo Tonnes, USD Billion,2019-2030)
- Polyols
- Toluene Di-isocyanate
- Methylene Diphenyl Di-isocyanate
- Others
- Construction
- Furniture & Interiors
- Electronics & Appliances
- Footwear
- Automotive
- Packaging
- Others
- Rigid Foam
- Flexible Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Polyurethane Market, by Raw Material
- 1.4.2 Europe Polyurethane Market, by Application
- 1.4.3 Europe Polyurethane Market, by Product
- 1.4.4 Europe Polyurethane Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Polyurethane Market.
- Chapter 5. Europe Polyurethane Market by Raw Material
- 5.1 Europe Polyols Market by Country
- 5.2 Europe Toluene Di-isocyanate Market by Country
- 5.3 Europe Methylene Diphenyl Di-isocyanate Market by Country
- 5.4 Europe Others Market by Country
- Chapter 6. Europe Polyurethane Market by Application
- 6.1 Europe Construction Market by Country
- 6.2 Europe Furniture & Interiors Market by Country
- 6.3 Europe Electronics & Appliances Market by Country
- 6.4 Europe Footwear Market by Country
- 6.5 Europe Automotive Market by Country
- 6.6 Europe Packaging Market by Country
- 6.7 Europe Others Market by Country
- Chapter 7. Europe Polyurethane Market by Product
- 7.1 Europe Rigid Foam Market by Country
- 7.2 Europe Flexible Foam Market by Country
- 7.3 Europe Coatings Market by Country
- 7.4 Europe Adhesives & Sealants Market by Country
- 7.5 Europe Elastomers Market by Country
- 7.6 Europe Others Market by Country
- Chapter 8. Europe Polyurethane Market by Country
- 8.1 Germany Polyurethane Market
- 8.1.1 Germany Polyurethane Market by Raw Material
- 8.1.2 Germany Polyurethane Market by Application
- 8.1.3 Germany Polyurethane Market by Product
- 8.2 UK Polyurethane Market
- 8.2.1 UK Polyurethane Market by Raw Material
- 8.2.2 UK Polyurethane Market by Application
- 8.2.3 UK Polyurethane Market by Product
- 8.3 France Polyurethane Market
- 8.3.1 France Polyurethane Market by Raw Material
- 8.3.2 France Polyurethane Market by Application
- 8.3.3 France Polyurethane Market by Product
- 8.4 Russia Polyurethane Market
- 8.4.1 Russia Polyurethane Market by Raw Material
- 8.4.2 Russia Polyurethane Market by Application
- 8.4.3 Russia Polyurethane Market by Product
- 8.5 Spain Polyurethane Market
- 8.5.1 Spain Polyurethane Market by Raw Material
- 8.5.2 Spain Polyurethane Market by Application
- 8.5.3 Spain Polyurethane Market by Product
- 8.6 Italy Polyurethane Market
- 8.6.1 Italy Polyurethane Market by Raw Material
- 8.6.2 Italy Polyurethane Market by Application
- 8.6.3 Italy Polyurethane Market by Product
- 8.7 Rest of Europe Polyurethane Market
- 8.7.1 Rest of Europe Polyurethane Market by Raw Material
- 8.7.2 Rest of Europe Polyurethane Market by Application
- 8.7.3 Rest of Europe Polyurethane Market by Product
- Chapter 9. Company Profiles
- 9.1 ArcelorMittal S.A.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 SWOT Analysis
- 9.2 thyssenkrupp AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 SWOT Analysis
- 9.3 BASF SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Geographical Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Covestro AG
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.5.3 Acquisition and Mergers:
- 9.4.5.4 Geographical Expansions:
- 9.4.6 SWOT Analysis
- 9.5 The Dow Chemical Company
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 Huntsman Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segment and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Lanxess AG
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.6 SWOT Analysis
- 9.8 Mitsui Chemicals, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 Tosoh Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. Eastman Chemical Company
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis
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