The polyurethane market in Croatia has seen significant shifts over the past decade. From 2013 to 2019, the market generally expanded, peaking in 2018 at over 16 million Euros. However, the market experienced a downturn from 2020 to 2023, with a notable annual contraction, leading to a market size of 12.144 million Euros in 2023. Over the last five years, the compound annual growth rate (CAGR) showed a negative trend, emphasizing a market under strain. The year 2023 alone saw a substantial year-on-year decline, further highlighting ongoing challenges.
Future trends to watch for:
- Technological advancements that could drive efficiency and innovations, possibly revitalizing demand.
- Environmental and regulatory pressures, which might lead to a shift in materials or processes.
- New growth opportunities in emerging applications or exports, tapping into broader European markets.
How does Croatia rank in Polyurethanes Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,670,800,000 | 2023 | -0.2% | -1.17% | View data |
| 2 | 2 United Kingdom | 590,970,000 | 2023 | +1.05% | +1.06% | View data |
| 3 | 3 Spain | 382,120,000 | 2023 | +0.92% | -1.67% | View data |
| 4 | 4 Poland | 282,150,000 | 2023 | +3.08% | +2.57% | View data |
| 5 | 5 France | 239,050,000 | 2023 | +1.14% | +3.41% | View data |
| 8 | 8 Sweden | 68,270,000 | 2023 | +0.1% | +4.37% | View data |
| 9 | 9 Finland | 49,895,000 | 2023 | +1.89% | +5.13% | View data |
| 10 | 10 Croatia | 12,144,000 | 2023 | -8.13% | -5.39% | |
