Europe MDI-based PU Technical Insulation Market Striking Opportunities, And Forecasts To 2028

Europe MDI-based PU Technical Insulation Industry Overview

The Europe MDI-based PU technical insulation market size was estimated at USD 361.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2028.

Rising investments towards the development of the cold chain sector have led to an increased usage of large-level refrigeration systems, thus driving the demand for MDI-based PU technical insulation over the forecast period. Europe was one of the worst-hit regions due to the pandemic in 2020, leading to the temporary closure of number of industrial projects, including the construction of new power generation plants and commercial buildings. The industry suffered a major setback, owing to the lack of product demand on account of delayed maintenance activities from the industrial sector.

Gather more insights about the market drivers, restrains and growth of the Europe MDI-based PU Technical Insulation Market

Germany MDI-based PU technical insulation market size, by product, 2017 - 2028 (USD Million)

Key raw materials including MDI and polyols are derived from crude oil. The pandemic also led to a sharp decline in crude oil prices, owing to a lack of demand. However, with the reopening of operations, crude oil prices witnessed a sudden jump in prices. This is expected to result in an increase in raw material prices, thereby leading to a short-term spike in product prices.

In Germany, the market for MDI-based PU technical insulation is expected to witness significant growth at a rate of 3.9% over the forecast period, owing to the significant product demand from the commercial construction sector in Germany. Commercial construction is presumed to observe a strong growth fueled by rising per capita income, low-interest rates, and a rising number of immigrants.

An increase in the power and energy consumption in Germany, Russia, Italy, U.K., and Belgium is expected to open new growth avenues in the market for MDI-based PU technical insulation. This can be attributed to factors such as increasing population, rise in the number of industrial facilities and commercial offices and buildings, and improvement in the healthcare sector.

Key manufacturers adopt backward integration strategies, such as collaborations with raw material suppliers to assert control over the quality of materials for enhanced strength of technical insulation materials. This helps them lower their transportation costs. Manufacturers offer customization options to industrial customers, as per long-term supply agreements, thus increasing the productivity.

Browse through Grand View Research's Specialty Glass, Ceramic & Fiber Industry Research Reports.

  • Insulation Market - The global insulation market size was estimated at USD 57.95 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% over the forecast period.
  • Technical Insulation Market - The global technical insulation market size was estimated at USD 7.24 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027.

Key Companies profiled:

Some prominent players in the Europe MDI-based PU technical insulation market include

  • Rockwool Insulation A/S
  • Owens Corning
  • Huntsman International LLC
  • Compagnie de Saint-Gobain S.A.
  • Knauf Insulation
  • Kingspan Group
  • NMC SA
  • SIG plc
  • Winco Technologies
  • Recticel Group
  • BRUGG GROUP AG

Order a free sample PDF of the Europe MDI-based PU Technical Insulation Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more