SAN FRANCISCO, June 30, 2016 /PRNewswire/ --
Europe polyurethane (PU) market is expected to reach USD 26.24 billion by 2024, according to a new report by Grand View Research, Inc. Growing need for sustainable construction in the region is a key driving factor for industry growth.
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The industry is primarily driven by growth in end-use industries such as construction, automotive & transportation and furniture & bedding. Reinforcement of construction industry in the European region is anticipated to be the key driving factor over the forecast period. Eastern European countries such as Hungary, Poland and Slovakia are anticipated to witness significant growth regarding construction spending which in turn is expected to drive rigid polyurethane foam demand.
Rigid foam was the highest consumed product and accounted for over 30% of the European market volume in 2015. EU regulations towards energy efficiency of households and financial incentives aimed at improving insulation and cutting down on energy costs is expected to drive the product's growth. It is also expected to witness the highest growth of 4.0% over the forecast period
Browse full research report with TOC on "Europe Polyurethane (PU) Market Analysis By Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers (Sprayed Polyurethane Elastomers, Cast Polyurethane Elastomers), By End-Use (Furniture & Bedding, Construction, Electronics & Appliances, Automotive, Footwear, Packaging) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market/request
Grand View Research has segmented the Europe polyurethane (PU) market on the basis of product, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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