The polyurethanes market in Denmark has experienced fluctuations over the past decade. From 2013 to 2023, the market witnessed periods of both growth and decline. The market value stood at 82.21 million Euros in 2023. Year-on-year variations have shown significant swings, such as a 25.22% increase in 2017 and a -6.01% decline in 2018, reflecting the market's volatility. The last two years saw moderate growth rates of 2.75% in 2022 and 2.65% in 2023. Over the past five years, the CAGR stood at 2.74%.
Looking forward, the market is expected to grow at a CAGR of 1.87% from 2024 to 2028, reaching a projected value of 92.501 million Euros by 2028, indicating a cumulative growth of 9.72% over this period.
Future trends to watch for include:
- Innovation in production technologies that could reduce costs and environmental impact.
- Increased demand for sustainable and eco-friendly polyurethane products.
- Regulatory changes related to environmental concerns and waste management.
- Potential market disruptions from global supply chain issues and geopolitical tensions.
