In 2023, Poland led European production of urea and thiourea resins in primary forms, holding a significant share ahead of Italy and Austria. Noteworthy was Poland’s slight decline by 2.15%, whereas Italy decreased by 6.26% and Austria by 1.92%. Spain and Belgium showed stability, while Lithuania increased by 2.4%. In stark contrast, Romania and Hungary saw a complete cessation in production. Over the last five years, the overall annual compound growth rate has varied by country.
Future trends to watch include potential advancements in production technology and shifts in manufacturing hubs due to economic and environmental regulations, which might reshape market shares significantly. Increasing demand for sustainable products could drive innovation and growth in this sector.
Top countries in Production of Urea Resins and Thiourea Resins in Primary Forms Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 43.87 | 2023 | +0.041% | -2.15% | View data |
| 2 | 2 Italy | 16.43 | 2023 | +0.052% | -6.26% | View data |
| 3 | 3 Austria | 14.23 | 2023 | +0.075% | -1.92% | View data |
| 4 | 4 Spain | 10.35 | 2023 | +7.07% | View data | |
| 5 | 5 Belgium | 10.02 | 2023 | -29.2% | View data | |
| 6 | 6 Lithuania | 4.13 | 2023 | +22.33% | +2.4% | View data |
| 7 | 7 Romania | 2.91 | 2023 | -28.46% | View data | |
| 8 | 8 Slovakia | 2.71 | 2023 | +0.19% | View data | |
| 9 | 9 United Kingdom | 1.24 | 2023 | -31.96% | View data | |
| 10 | 10 Finland | 0.63 | 2023 | +16.18% | -12.78% | View data |
