The polyurethanes market in the UK has experienced varied growth and decline cycles over the period from 2012 to 2022. From 2012 to 2014, the market saw marginal growth with year-on-year variations such as an increase of 0.4% in 2013 and 0.39% in 2014. A noticeable surge occurred in 2015 with an 8.48% growth. The market saw stable yet modest year-on-year increases up to 2017 but faced notable declines in 2018 (-6.81%) and 2020 (-16.37%), followed by a significant recovery in 2021 (15.31%). By 2022, the market slightly rebounded with a 6.02% growth. Over the last five years, the CAGR reflects a gradual decline of -0.41%. In 2023, the market volume is forecasted to continue a moderate trend seen in 2022.
Future trends to watch for:
- Post-pandemic market recovery and its impact on production and demand.
- Technological advancements in polyurethane production and sustainable practices.
- Regulatory changes influencing market dynamics and potential for growth in recycling initiatives.
How does the United Kingdom rank in Polyurethanes Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 601,770,000 | 2023 | +0.63% | -3.8% | View data |
| 2 | 2 Italy | 377,790,000 | 2023 | +3.44% | -0.19% | View data |
| 3 | 3 United Kingdom | 146,380,000 | 2023 | +0.7% | +1.15% | |
| 4 | 4 Spain | 111,660,000 | 2023 | -0.9% | -1.02% | View data |
| 5 | 5 Poland | 71,320,000 | 2023 | +8.33% | +2.21% | View data |
