The sold production of polyurethanes in primary forms in Finland has shown notable fluctuations between 2013 and 2023. In 2023, the production stood at 4.8393 million euros. Over the last two years, the year-on-year variation includes a decline of -33.23% in 2022, followed by a modest increase of 2.23% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years from 2018 to 2023 is 33.9%, reflecting substantial growth despite some annual volatility.
The future forecast from 2024 to 2028 indicates a more stable growth trend with an expected CAGR of 1.59%. The revenue is projected to gradually rise from 4.9436 million euros in 2024 to 5.3505 million euros in 2028, marking an overall growth rate of 8.23% across these years.
Future trends to watch for:
- Sustained demand in high-performance applications such as automotive and construction.
- Potential for technological advancements improving production efficiency and cost-effectiveness.
- Impact of environmental regulations and shifts towards sustainable materials.
- Macroeconomic trends that could affect industrial output and investment in manufacturing.
