In 2023, the import value of cellular sheet of polyurethane to the UK stood at approximately projected levels for 2024 at $185.88 million. Over the next five years, the import value is forecasted to gradually increase, with a consistent year-on-year growth. The imports are expected to reach $199.94 million by 2028, translating to a compound annual growth rate (CAGR) of approximately 1.9% annually during this period. This indicates a steady demand for cellular polyurethane sheets in the UK.
Future trends to watch for include:
- Potential policy changes post-Brexit that could impact trade agreements and import tariffs.
- Technological advancements in polyurethane production that may influence market dynamics.
- The sustainability focus potentially driving increased demand for innovative and environmentally friendly materials.