The polyurethanes market in the UK experienced fluctuations from 2013 to 2023, with notable dips in 2016 and 2020. By 2023, the market stood at €590.97 million. The recent years showed gradual recovery post-2020, with modest growth rates. The year-on-year increase from 2022 to 2023 was 1.05%, and the CAGR over the last five years was 1.06%.
Future trends to watch for:
- Projected sustained market growth with a forecasted CAGR of 0.85% through 2028.
- Potential innovations and applications in construction and automotive sectors driving demand.
- Economic factors and regulatory changes impacting production and use of polyurethanes.