Market revenue in 2022 | USD 14,642.4 million |
Market revenue in 2030 | USD 20,003.4 million |
Growth rate | 4% (CAGR from 2022 to 2030) |
Largest segment | Other end uses |
Fastest growing segment | ELECTRICAL & ELECTRONICS |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 33.84% in 2022. Horizon Databook has segmented the China polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Despite the current slowdown in the Chinese economy and its lackluster performance in 2021, the country is still a lucrative market for investments as compared to Western economies. Constant infrastructural investments are expected to sustain economic growth and the automotive, aerospace, and construction sector are expected to benefit from reforms.
However, these prospects are not long term and growth is likely to remain slow in the industrial sector, which is likely to impact PU consumption over the forecast period. China’s construction market is likely to outperform other Southeast Asian countries, owing to government initiatives and funding to retain its development.
Horizon Databook provides a detailed overview of country-level data and insights on the China polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into China polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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