Russia Polyurethane Market Size & Outlook, 2022-2030
Russia polyurethane market, 2018-2030 (US$M)
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Russia polyurethane market highlights
- The Russia polyurethane market generated a revenue of USD 1,160.3 million in 2022 and is expected to reach USD 1,473.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2022 | USD 1,160.3 million |
| Market revenue in 2030 | USD 1,473.0 million |
| Growth rate | 3% (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 |
Other key industry trends
- In terms of revenue, Russia accounted for 1.1% of the global polyurethane market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 1,673.3 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia polyurethane market outlook
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 33.67% in 2022. Horizon Databook has segmented the Russia 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.
The PU market in Russia is significantly driven by the rising demand for lightweight vehicles in the automotive industry. Based on car sales and production, Russia is among the top 12 largest automobile markets across the world. Currently, the automotive industry is characterized by the expansion of local production capacity.
The government is proposing non-tariff protections to support local manufacturers aimed at maintaining customers’ demand and reducing production costs. All these factors are expected to positively impact the demand for polyurethane in automotive applications in the coming years.
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Target buyers of Russia polyurethane market databook
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Russia polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia polyurethane market size, by end use, 2018-2030 (US$M)
Russia Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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