The sold production of polyurethanes in primary forms in Denmark saw considerable fluctuations between 2013 and 2023. Initially, there was a steady decline from 2013 to 2016, followed by a brief recovery from 2017 to 2019. A significant surge occurred in 2021, driven largely by increased demand, only to plummet in 2022. By 2023, the value stood at 30.972 million euros, reflecting a modest year-on-year decrease of 1.11%. The overall CAGR from 2018 to 2023 is -1.77%, indicating a slight downturn over the five-year period. Forecasts suggest a continued decline, with a 5-year CAGR of -0.89% expected, culminating in a projected value of 29.29 million euros by 2028.
Future trends to watch for:
- The ongoing volatility in the polyurethanes market due to economic and regulatory factors.
- Technological advancements and green initiatives influencing production processes.
- Potential shifts in global supply chains and market demands impacting the industry.