Source: Global polyurethane network
According to reports, in 2024, the market value of the European market is expected to reach $26.24 billion in the market, sustainable building materials demand continues to rise, becoming an important driving force to promote the development of the industry.
Transport construction, development, automobile, furniture and bedding etc. terminal industry is the main driving force, polyurethane industry expectations, the development of the construction industry is the main driving force. Hungary, Poland and Slovakia and other Eastern European countries, the construction industry will have great development, thus promoting the rise in demand for rigid polyurethane foam.
Rigid foam consumes the most, in 2015, 30% of the European market, the reduction of energy consumption fiscal incentive policy will promote the development of rigid foam.
2015, the size of the European polyurethane market is 4 million 910 thousand tons, is expected to reach 6 million 900 thousand tons in 2024, compound annual growth rate of 3.8%.
Pu in the construction industry consumes the most, accounting for more than 35% of the total in 2015, the largest increase in the electrical field, for 5.3%.
In 2015, the German polyurethane demand is the largest, estimated market share of 17.5%. as a car production and export powerhouse, Germany's demand for hard foam up to 2015, the demand for rigid foam accounted for 30%.