In 2023, Germany dominated Europe's isocyanate production with a 48.24% share, despite a slight decrease of 1.46%. Spain followed with a 26.78% share and the highest growth at 6.03%. Hungary accounted for 22.57% but dropped by 3.22%. Other countries, including France, Netherlands, Italy, and the UK, had minimal shares, with Italy experiencing a 100% decrease. Lithuania notably increased by 149.15%, remaining insignificant in scale.
Future trends to watch:
- Significant production shifts toward Spain, potentially increasing its market share.
- The impact of emission regulations affecting chemical production in Germany and Hungary.
- Emerging environmental technologies in isocyanate manufacturing might alter production dynamics.
Top countries in Production of Isocyanates Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.24 | 2023 | +0.14% | -1.46% | View data |
| 2 | 2 Spain | 26.78 | 2023 | +0.051% | +6.03% | View data |
| 3 | 3 Hungary | 22.57 | 2023 | +1.08% | -3.22% | View data |
| 4 | 4 France | 1.08 | 2023 | -30.59% | View data | |
| 5 | 5 Netherlands | 1.04 | 2023 | -15.69% | View data | |
| 6 | 6 Italy | 0.16 | 2023 | +120.57% | View data | |
| 7 | 7 United Kingdom | 0.11 | 2023 | -23.15% | View data | |
| 8 | 8 Sweden | 0.004 | 2023 | View data | ||
| 9 | 9 Poland | 0.002 | 2023 | View data | ||
| 10 | 10 Lithuania | 0 | 2023 | -78.52% | +149.15% | View data |
