Europe Polyurethane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Rigid Foam, Flexible Foam, Coatings Adhesives and Sealants, Elastomers, and Others) and Application (Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Packaging, and Others)
Market Introduction
The Europe polyurethane market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Governments of various countries across the region are focusing on the nation's infrastructure development. National, state, and local governments in each country are spending high amounts of capital to meet these needs for good reason. The Secretariat for Infrastructure in the Planning Commission is involved in initiating policies that would ensure the time-bound creation of top-class infrastructure in the country. This infrastructure planning mainly focuses on power, dams, bridges, roads, and urban infrastructure development. The nation's infrastructure push comprises projects related to roads, ports, railways, and airports; projects in agriculture and renewable energy; and industrial and social infrastructure. Rigid polyurethane foams are known as the high-performance closed-cell plastics adopted in end-use industries, such as packaging, transportation, and industrial insulations and appliances, due to their structural stability, which further assists manufacturers to design thermally insulating products. Rigid foams possess higher mechanical strength, sound insulation properties, and thermal resistance. Therefore, they can be used in extreme weather conditions and harsh environments. The building and construction industry is major end user of rigid and sprays polyurethane foam. Due to various benefits such energy efficiency, versatility, high performance, thermal/mechanical performance, and environment-friendly nature, rigid polyurethane foam insulation is applied in a building.
In case of COVID-19, in Europe, especially Russia, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of polyurethane manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for polyurethane during the early months of 2020. Moreover, decline in the overall resin and polymer manufacturing activities has led to discontinuation of polyurethane manufacturing projects, thereby reducing the demand for polyurethane. Similar trend was witnessed in other Europe countries, i.e., France, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
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Market Overview and Dynamics
The polyurethane market in Europe is expected to grow from US$ 10,213.64 million in 2021 to US$ 18,282.75 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. Many paints, varnishes, and clear coats emit volatile organic compounds or VOCs with other harmful compounds if they are applied on a surface. However, polyurethane fumes may cause harmful side effects; therefore, it is essential to avoid their use. Ultimately, VOCs are considered harmful to human health and its use should be avoided when possible. This factor propels the demand for low VOC, green, and sustainable polyurethane in the market. Overall, investing in a low VOC or eco-friendly polyurethane clear coat is considered the ideal treatment for hardwood floors because it is the only way to keep home free of unnecessary toxins with fumes. Polyurethane is used as a petrochemical resin that contains known respiratory toxins named isocyanates. When left uncured, it can cause asthma and other breathing problems. Those who spend time in rooms that have uncured polyurethane floor treatments can experience health issues such as throat and eye irritation, headaches, nausea, vomiting, coughing, and breath shortness. Children and kids are prone to developing those issues since their immune systems are sensitive. People suffering from respiratory issues can also be affected. Eco-friendly polyurethane is always the ideal treatment to be utilized for hardwood floors. However, polyurethane exposure can be limited by allowing proper curing prior to re-entering the affected area. Curing time varies based on the type and quantity of the product as well as on the type of floor and airflow.
Key Market Segments
Based on product, the flexible foam segment accounted for the largest share of the Europe polyurethane market in 2020. Based on application, the furniture and appliances segment accounted for the largest share of the Europe polyurethane market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe polyurethane market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Covestro AG, The Dow Chemical Company, Lubrizol Corporation, DIC Corporation, BASF SE, Mitsui Chemicals, Inc., Recticel NV, Huntsman Corporation, and Tosoh Corporation.
Reasons to buy report
- To understand the Europe polyurethane market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe polyurethane market
- Efficiently plan M&A and partnership deals in Europe polyurethane market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe polyurethane market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.
Europe Polyurethane Market Segmentation
Europe Polyurethane Market -By Product
- Rigid Foam
- Flexible Foam
- Coatings Adhesives and Sealants
- Elastomers
- Others
Europe Polyurethane Market -By Application
- Furniture and Interiors
- Construction
- Electronics and Appliances
- Automotive
- Footwear
- Packaging
- Others
Europe Polyurethane Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Polyurethane Market – Company Profiles
- Covestro AG
- Huntsman Corporation
- Lubrizol Corporation
- Mitsui Chemicals, Inc.
- BASF SE
- The Dow Chemical Company
- DIC Corporation
- Recticel NV
- Tosoh Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Polyurethane Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Europe Polyurethane Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Incrementing Demand for Durable and Lightweight Materials from Various End -Use Industries
5.2 Market Restraints
5.2.1 Strict Regulations Laid on Raw Material Used in Polyurethane Manufacturing
5.2.2 Volatility in the Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Increased Support by Governments for Infrastructure Development Together with Growth in the Use of PU as Insulation Material
5.4 Future Trends
5.4.1 Rise in the Demand for Low VOC, Green, and Sustainable Polyurethane
5.5 Impact Analysis
6. Polyurethane – Europe Market Analysis
6.1 Polyurethane Market Overview
6.2 Polyurethane Market – Revenue Forecasts to 2028 (US$ Million)
7. Europe Polyurethane Market Analysis – By Product
7.1 Overview
7.2 Polyurethane Market, By Product (2020 and 2028)
7.3 Rigid Foam
7.3.1 Overview
7.3.2 Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Flexible Foam
7.4.1 Overview
7.4.2 Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Coating, Adhesives, and Sealants
7.5.1 Overview
7.5.2 Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Elastomers
7.6.1 Overview
7.6.2 Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8. Europe Polyurethane Market Analysis – By Application
8.1 Overview
8.2 Polyurethane Market, By Application (2020 and 2028)
8.3 Furniture and Interiors
8.3.1 Overview
8.3.2 Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Construction
8.4.1 Overview
8.4.2 Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Electronics and Appliances
8.5.1 Overview
8.5.2 Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Footwear
8.7.1 Overview
8.7.2 Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Packaging
8.8.1 Overview
8.8.2 Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
9. Europe Polyurethane Market – Country Analysis
9.1 Europe: Polyurethane Market
9.1.1 Europe: Polyurethane Market, by Key Country
9.1.1.1 Germany: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Polyurethane Market, Product
9.1.1.1.2 Germany: Polyurethane Market, Application
9.1.1.2 France: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Polyurethane Market, Product
9.1.1.2.2 France: Polyurethane Market, Application
9.1.1.3 Italy: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Polyurethane Market, Product
9.1.1.3.2 Italy: Polyurethane Market, Application
9.1.1.4 UK: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Polyurethane Market, Product
9.1.1.4.2 UK: Polyurethane Market, Application
9.1.1.5 Russia: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Polyurethane Market, Product
9.1.1.5.2 Russia: Polyurethane Market, Application
9.1.1.6 Rest of Europe: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Polyurethane Market, Product
9.1.1.6.2 Rest of Europe: Polyurethane Market, Application
10. Impact COVID-19 Pandemic on Europe Polyurethane Market
10.1 Impact of COVID-19 on Polyurethane Market
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Company News
12. Company Profiles
12.1 Covestro AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Huntsman Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lubrizol Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mitsui Chemicals, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 BASF SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 The Dow Chemical Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DIC Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Recticel NV
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Tosoh Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Europe Polyurethane Market –Revenue Forecast to 2028 (US$ Million)
Table 2. Germany Polyurethane Market, Product- Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Polyurethane Market, Application- Revenue and Forecast to 2028 (US$ Million)
Table 4. France Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)
Table 5. France Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Polyurethane Market, Product– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Polyurethane Market, Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Polyurethane MarketLIST OF FIGURES
Figure 1. Polyurethane Market Segmentation
Figure 2. Europe Polyurethane Market Segmentation – By Country
Figure 3. Europe Polyurethane Market Overview
Figure 4. Flexible Foam Segment Held Largest Share of Europe Polyurethane Market
Figure 5. Germany Held Largest Share of Europe Polyurethane Market
Figure 6. Europe Polyurethane Market, Key Market Players
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. Europe: Polyurethane Market – Revenue Forecast to 2028 (US$ Million)
Figure 11. Polyurethane Market Revenue Share, By Product (2020 and 2028)
Figure 12. Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Polyurethane Market Revenue Share, By Application (2020 and 2028)
Figure 18. Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 22. Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Europe: Polyurethane Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. Europe: Polyurethane Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets- Covestro AG
- Huntsman Corporation
- Lubrizol Corporation
- Mitsui Chemicals, Inc.
- BASF SE
- The Dow Chemical Company
- DIC Corporation
- Recticel NV
- Tosoh Corporation
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