Polyurethane Chemicals and Products in Europe, Middle East & Africa (EMEA), 2024- Volume 7 - Binders
Description
Introduction. This is the seventh volume in a series of eight, examining the market for polyurethane chemicals and their use in the manufacture of polyurethane products in Europe, Middle East & Africa (EMEA). This volume specifically focuses on polyurethane elastomers. The titles of all eight volumes are: Raw Materials, Flexible Foam, Rigid Foam, Coatings, Adhesives and Sealants, Elastomers, Binders, and End-Use Markets. Each volume can be used on its own and contains a summary with details on the total use of polyurethane chemicals.
This new study updates and revises IAL's research on the polyurethane industry in EMEA. It builds upon ongoing research into various sectors from recent years. The information in the report is based on an extensive program of interviews with raw materials producers, suppliers, end users, systems houses, and relevant trade associations and industry experts. The research was conducted in the first quarter of 2025, when respondents were able to discuss figures for the full year of 2024. This report contains raw material consumption figures for all major polyurethane product types for the year 2024 and forecasts to 2029.
SCOPE OF THE STUDY
The report describes the supply and demand of raw materials in the following geographic regions: Western Europe, Eastern Europe, and the Middle East & Africa. Western European countries include Austria, Benelux, France, Germany, Greece, Italy, Ireland, Nordic Countries, Portugal, Spain, Switzerland, and the United Kingdom. Eastern Europe includes the Czech Republic, CIS (excluding Russia), Hungary, Other Eastern Europe (including Baltic States, Bulgaria, Romania), Poland, Russia, the Slovak Republic, Slovenia, and Turkiye. The Middle East & Africa regions are Algeria, East Africa, Egypt, Iran, Levant, Morocco, Other GCC, Other Middle East, Rest of North Africa, Saudi Arabia, South Africa, Tunisia, United Arab Emirates, and West Africa.
This volume provides information related to the production of PU elastomers and their raw material consumption, with estimates for 2024 and forecasts for 2029.
METHODOLOGY.
The information was obtained from existing in-house data and an extensive program of interviews with leading product manufacturers, trade associations, raw materials producers, and systems houses across EMEA. Published data and statistics have also been reviewed to produce accurate figures for the consumption of raw materials. Forecasts for the production of PU products and consumption of raw materials for the year 2029 are based on industry and economic forecasts, as well as other relevant commercial and technical issues. Detailed market analyses of all product sectors are presented in the relevant volumes. Slight discrepancies in the totals may occur due to rounding.
PRODUCTS AND END USES.
The production of polyurethane elastomers and related raw material demand is broken down as follows:
Cast Elastomers (hot and cold cure)
Fibres/Spandex
Footwear
RIM/RRIM (including automotive window encapsulation)
Technical Microcellular
TPU
Synthetic Leather
Other/Non-specific
UNITS OF VOLUME.
All volumes in this report relate to tonnes of finished PU elastomers and tonnes of raw material consumed, including additives, fillers, and other materials.
FORECASTS.
The forecasts are based on industry comments and economic indicators. It can be difficult to summarize forecasts for all the various types of polyurethane materials because of the many different factors that may affect the market. Manufacturers themselves are often unable to agree whether a market will increase or decrease. Forecasts for changes in production by product type and application are given for each country covered in this report. These are five-year forecasts, derived from industry comments and expectations from both the end-user and raw material sectors. Forecasts for production in 2029 are given alongside the actual production figures for 2024. Additional statistical information to support the market figures for each end-use sector is provided in Volume 8 of this report.
FORMULATIONS.
The multitude of proprietary formulations used in the various product sectors of the polyurethane industry means that assumptions have to be made with respect to product formulations. The assumptions made, expressed as % w/w formulations, are presented to calculate raw material consumption by product. Since volumes are derived from these formulations, the figures are presented as exact figures.
Indicative Formulations. The following table provides the raw material formulations used for elastomers in % w/w:
Cast Elastomers: 30% MMDI, 9% Other Material, 2% P'ether Graft Copo Polyol, 16% Polyester Polyol, 4% PTHF Polyol, 1% Spec. Isocyanates, 34% Stand. P'ether Polyol, 4% TDI.
Fibres/Spandex Elastomers: 20% MMDI, 7% Other Material, 73% PTHF Polyol.
Footwear Elastomers: 35% MMDI, 7% Other Material, 50% Polyester Polyol, 8% Stand. P'ether Polyol.
Other/Non Specified Elastomers: 30% MMDI, 12% Other Material, 48% Polyester Polyol, 10% Stand. P'ether Polyol.
RIM/RRIM Elastomers: 30% MMDI, 15% Other Material, 5% Spec. Isocyanates, 50% Stand. P'ether Polyol.
Synthetic Leather Elastomers: 15% MMDI, 62% Other Material, 18% Polyester Polyol, 5% Stand. P'ether Polyol.
Technical Microcellular Elastomers: 30% MMDI, 12% Other Material, 48% Polyester Polyol, 10% Stand. P'ether Polyol.
TPU Elastomers: 30% MMDI, 12% Other Material, 43% Polyester Polyol, 10% PTHF Polyol, 2% Spec. Isocyanates, 3% Stand. P'ether Polyol.
Abbreviations.
The document includes a list of abbreviations used, such as:
3D: Three dimensional.
BDO: 1,4-butanediol.
CAGR: Compound annual growth rate.
CO2: Carbon dioxide.
DMF: Dimethyl fumarate.
EV: Electric vehicle.
EVA: Ethylene vinyl acetate.
FTA: Free trade agreement.
GDP: Gross domestic product.
HMDI: Hexamethylene diisocyanate.
IPS: Instrument panel skin.
LNG: Liquified natural gas.
MDI: Methylene bis (4-phenyl isocyanate).
MMDI: Monomeric MDI (pure).
MOCA: 4,4 Methylene bis (2-chloroaniline).
MPV: Multi-person vehicle.
NCO: Isocyanate.
NDI: 1,5-naphthalene di-isocyanate.
OEM: Original equipment manufacturer.
OH: Polyol (alcohol).
OPEC: Organisation of Petroleum Exporting Countries.
PCF: Product carbon footprint.
PMDI: Polymeric MDI (crude).
PTMEG: Poly(tetramethylene ether) glycol.
PTHF: Polytetrahydrofuran.
PU: Polyurethane.
PUD: Polyurethane dispersion.
PV: Photovoltaic.
PVC: Polyvinyl chloride.
R&D: Research & Development.
REACH: Registration, Evaluation, Authorisation and Restriction of Chemicals.
RIM: Reaction injection moulding.
RRIM: Reinforced reaction injection moulding.
SBS: Styrene butadiene styrene.
SRIM: Structural RIM.
SUV: Sports utility vehicle.
TDI: Toluene di-isocyanate.
ΤΡΟ: Thermoplastic polyolefin.
TPU: Thermoplastic polyurethane.
VOC: Volatile organic compound.
End-use Market Definitions. The document provides definitions for various elastomer types:
Cast (hot & cold cure): Applications include tire fill for off-road vehicles and forklifts, encapsulation for electrical/electronics, general waterproofing, automotive filters, weatherproofing for construction/roofing, rubber crumb for athletic surfaces and playgrounds, and rebond foam for automotive applications.
Fibres/Spandex: Elastomeric fibers (elastane) used for producing clothing, hosiery, etc..
Footwear: Microcellular direct soling and unit soles.
RIM/RRIM: Applications include automotive bumpers, fascias, bumper beams, exterior trim, and panels. It also includes non-automotive parts for recreation vehicles and furniture, as well as automotive window encapsulation, IPS, and S-RIM for interior door panels, headliners, sunroof covers, consoles, air bag covers, parcel shelves, and spare wheel covers.
Technical Microcellular: Shock absorbers for automotive suspension, tires (energy-absorbing wheels for trolleys and buggies), and technical parts like car seat components.
TPUs: Automotive applications include side body mouldings, fuel lines, vibration systems, and fiber-reinforced body parts. Non-automotive uses include aircraft applications, medical, electrical, hoses, tubes, wheels, casters, belts, pulleys, bearings, and footwear parts like soles, air cushioning for trainers, and heel tips.
This new study updates and revises IAL's research on the polyurethane industry in EMEA. It builds upon ongoing research into various sectors from recent years. The information in the report is based on an extensive program of interviews with raw materials producers, suppliers, end users, systems houses, and relevant trade associations and industry experts. The research was conducted in the first quarter of 2025, when respondents were able to discuss figures for the full year of 2024. This report contains raw material consumption figures for all major polyurethane product types for the year 2024 and forecasts to 2029.
SCOPE OF THE STUDY
The report describes the supply and demand of raw materials in the following geographic regions: Western Europe, Eastern Europe, and the Middle East & Africa. Western European countries include Austria, Benelux, France, Germany, Greece, Italy, Ireland, Nordic Countries, Portugal, Spain, Switzerland, and the United Kingdom. Eastern Europe includes the Czech Republic, CIS (excluding Russia), Hungary, Other Eastern Europe (including Baltic States, Bulgaria, Romania), Poland, Russia, the Slovak Republic, Slovenia, and Turkiye. The Middle East & Africa regions are Algeria, East Africa, Egypt, Iran, Levant, Morocco, Other GCC, Other Middle East, Rest of North Africa, Saudi Arabia, South Africa, Tunisia, United Arab Emirates, and West Africa.
This volume provides information related to the production of PU elastomers and their raw material consumption, with estimates for 2024 and forecasts for 2029.
METHODOLOGY.
The information was obtained from existing in-house data and an extensive program of interviews with leading product manufacturers, trade associations, raw materials producers, and systems houses across EMEA. Published data and statistics have also been reviewed to produce accurate figures for the consumption of raw materials. Forecasts for the production of PU products and consumption of raw materials for the year 2029 are based on industry and economic forecasts, as well as other relevant commercial and technical issues. Detailed market analyses of all product sectors are presented in the relevant volumes. Slight discrepancies in the totals may occur due to rounding.
PRODUCTS AND END USES.
The production of polyurethane elastomers and related raw material demand is broken down as follows:
Cast Elastomers (hot and cold cure)
Fibres/Spandex
Footwear
RIM/RRIM (including automotive window encapsulation)
Technical Microcellular
TPU
Synthetic Leather
Other/Non-specific
UNITS OF VOLUME.
All volumes in this report relate to tonnes of finished PU elastomers and tonnes of raw material consumed, including additives, fillers, and other materials.
FORECASTS.
The forecasts are based on industry comments and economic indicators. It can be difficult to summarize forecasts for all the various types of polyurethane materials because of the many different factors that may affect the market. Manufacturers themselves are often unable to agree whether a market will increase or decrease. Forecasts for changes in production by product type and application are given for each country covered in this report. These are five-year forecasts, derived from industry comments and expectations from both the end-user and raw material sectors. Forecasts for production in 2029 are given alongside the actual production figures for 2024. Additional statistical information to support the market figures for each end-use sector is provided in Volume 8 of this report.
FORMULATIONS.
The multitude of proprietary formulations used in the various product sectors of the polyurethane industry means that assumptions have to be made with respect to product formulations. The assumptions made, expressed as % w/w formulations, are presented to calculate raw material consumption by product. Since volumes are derived from these formulations, the figures are presented as exact figures.
Indicative Formulations. The following table provides the raw material formulations used for elastomers in % w/w:
Cast Elastomers: 30% MMDI, 9% Other Material, 2% P'ether Graft Copo Polyol, 16% Polyester Polyol, 4% PTHF Polyol, 1% Spec. Isocyanates, 34% Stand. P'ether Polyol, 4% TDI.
Fibres/Spandex Elastomers: 20% MMDI, 7% Other Material, 73% PTHF Polyol.
Footwear Elastomers: 35% MMDI, 7% Other Material, 50% Polyester Polyol, 8% Stand. P'ether Polyol.
Other/Non Specified Elastomers: 30% MMDI, 12% Other Material, 48% Polyester Polyol, 10% Stand. P'ether Polyol.
RIM/RRIM Elastomers: 30% MMDI, 15% Other Material, 5% Spec. Isocyanates, 50% Stand. P'ether Polyol.
Synthetic Leather Elastomers: 15% MMDI, 62% Other Material, 18% Polyester Polyol, 5% Stand. P'ether Polyol.
Technical Microcellular Elastomers: 30% MMDI, 12% Other Material, 48% Polyester Polyol, 10% Stand. P'ether Polyol.
TPU Elastomers: 30% MMDI, 12% Other Material, 43% Polyester Polyol, 10% PTHF Polyol, 2% Spec. Isocyanates, 3% Stand. P'ether Polyol.
Abbreviations.
The document includes a list of abbreviations used, such as:
3D: Three dimensional.
BDO: 1,4-butanediol.
CAGR: Compound annual growth rate.
CO2: Carbon dioxide.
DMF: Dimethyl fumarate.
EV: Electric vehicle.
EVA: Ethylene vinyl acetate.
FTA: Free trade agreement.
GDP: Gross domestic product.
HMDI: Hexamethylene diisocyanate.
IPS: Instrument panel skin.
LNG: Liquified natural gas.
MDI: Methylene bis (4-phenyl isocyanate).
MMDI: Monomeric MDI (pure).
MOCA: 4,4 Methylene bis (2-chloroaniline).
MPV: Multi-person vehicle.
NCO: Isocyanate.
NDI: 1,5-naphthalene di-isocyanate.
OEM: Original equipment manufacturer.
OH: Polyol (alcohol).
OPEC: Organisation of Petroleum Exporting Countries.
PCF: Product carbon footprint.
PMDI: Polymeric MDI (crude).
PTMEG: Poly(tetramethylene ether) glycol.
PTHF: Polytetrahydrofuran.
PU: Polyurethane.
PUD: Polyurethane dispersion.
PV: Photovoltaic.
PVC: Polyvinyl chloride.
R&D: Research & Development.
REACH: Registration, Evaluation, Authorisation and Restriction of Chemicals.
RIM: Reaction injection moulding.
RRIM: Reinforced reaction injection moulding.
SBS: Styrene butadiene styrene.
SRIM: Structural RIM.
SUV: Sports utility vehicle.
TDI: Toluene di-isocyanate.
ΤΡΟ: Thermoplastic polyolefin.
TPU: Thermoplastic polyurethane.
VOC: Volatile organic compound.
End-use Market Definitions. The document provides definitions for various elastomer types:
Cast (hot & cold cure): Applications include tire fill for off-road vehicles and forklifts, encapsulation for electrical/electronics, general waterproofing, automotive filters, weatherproofing for construction/roofing, rubber crumb for athletic surfaces and playgrounds, and rebond foam for automotive applications.
Fibres/Spandex: Elastomeric fibers (elastane) used for producing clothing, hosiery, etc..
Footwear: Microcellular direct soling and unit soles.
RIM/RRIM: Applications include automotive bumpers, fascias, bumper beams, exterior trim, and panels. It also includes non-automotive parts for recreation vehicles and furniture, as well as automotive window encapsulation, IPS, and S-RIM for interior door panels, headliners, sunroof covers, consoles, air bag covers, parcel shelves, and spare wheel covers.
Technical Microcellular: Shock absorbers for automotive suspension, tires (energy-absorbing wheels for trolleys and buggies), and technical parts like car seat components.
TPUs: Automotive applications include side body mouldings, fuel lines, vibration systems, and fiber-reinforced body parts. Non-automotive uses include aircraft applications, medical, electrical, hoses, tubes, wheels, casters, belts, pulleys, bearings, and footwear parts like soles, air cushioning for trainers, and heel tips.
Table of Contents
120 Pages
- 1. Introduction Binders
- 1.1 Introduction.
- 1.2 Indicative Formulations.
- 1.3 Abbreviations.
- 2. Binders Product Description
- 2.1 Product Description.
- 3. Total Emea Binders
- 3.1 Binders Trends - Emea.
- 3.2 Growth In Production Of Binders.
- 3.3 Pu Production By Country - Western Europe.
- 3.4 Pu Production By Country - Сее.
- 3.5 Pu Production By Country - Μεα.
- 3.6 Binders Raw Material Consumption.
- 3.7 Forecast Raw Material Consumption.
- 4.1 Western Europe Binders
- 4.1.1 Growth In Production Of Binders.
- 4.1.2 Pu Production By Country.
- 4.1.3 Forecast Pu Production By Country.
- 4.1.4 Binders Raw Material Consumption..
- 4.1.5 Forecast Raw Material Consumption.
- 4.2 Benelux
- 4.2.1 Growth In Production Of Binders.
- 4.2.2 Binders Raw Material Consumption.
- 4.2.3 Forecast Binders Raw Material Consumption.
- 4.3 France
- 4.3.1 Growth In Production Of Binders.
- 4.3.2 Binders Raw Material Consumption.
- 4.3.3 Forecast Binders Raw Material Consumption.
- 4.4 Germany
- 4.4.1 Growth In Production Of Binders.
- 4.4.2 Binders Raw Material Consumption.
- 4.4.3 Forecast Binders Raw Material Consumption.
- 4.5 Italy
- 4.5.1 Growth In Production Of Binders
- 4.5.2 Binders Raw Material Consumption.
- 4.5.3 Forecast Binders Raw Material Consumption.
- 4.6 Nordics
- 4.6.1 Growth In Production Of Binders.
- 4.6.2 Binders Raw Material Consumption..
- 4.6.3 Forecast Binders Raw Material Consumption.
- 4.7 Portugal
- 4.7.1 Growth In Production Of Binders.
- 4.7.2 Binders Raw Material Consumption..
- 4.7.3 Forecast Binders Raw Material Consumption.
- 4.8 Spain
- 4.8.1 Growth In Production Of Binders.
- 4.8.2 Binders Raw Material Consumption.
- 4.8.3 Forecast Binders Raw Material Consumption.
- 4.9 Switzerland
- 4.9.1 Growth In Production Of Binders
- 4.9.2 Binders Raw Material Consumption..
- 4.9.3 Forecast Binders Raw Material Consumption.
- 4.10 Uk
- 4.10.1 Growth In Production Of Binders.
- 4.10.2 Binders Raw Material Consumption.
- 4.10.3 Forecast Binders Raw Material Consumption.
- 5.1 Central And Eastern Europe Binders
- 5.1.1 Growth In Production Of Binders.
- 5.1.2 Pu Production By Country.
- 5.1.3 Forecast Pu Production By Country.
- 5.1.4 Binders Raw Material Consumption.
- 5.1.5 Forecast Raw Material Consumption.
- 5.2 Cis (Excl Russia)
- 5.2.1 Growth In Production Of Binders.
- 5.2.2 Binders Raw Material Consumption..
- 5.2.3 Forecast Binders Raw Material Consumption.
- 5.3 Czech Republic
- 5.3.1 Growth In Production Of Binders.
- 5.3.2 Binders Raw Material Consumption.
- 5.3.3 Forecast Binders Raw Material Consumption.
- 5.4 Other Eastern Europe
- 5.4.1 Growth In Production Of Binders
- 5.4.2 Binders Raw Material Consumption.
- 5.4.3 Forecast Binders Raw Material Consumption.
- 5.5 Poland
- 5.5.1 Growth In Production Of Binders.
- 5.5.2 Binders Raw Material Consumption.
- 5.5.3 Forecast Binders Raw Material Consumption.
- 5.6 Romania
- 5.6.1 Growth In Production Of Binders
- 5.6.2 Binders Raw Material Consumption.
- 5.6.3 Forecast Binders Raw Material Consumption.
- 5.7 Russia
- 5.7.1 Growth In Production Of Binders..
- 5.7.2 Binders Raw Material Consumption.
- 5.7.3 Forecast Binders Raw Material Consumption.
- 5.8 Turkey
- 5.8.1 Growth In Production Of Binders.
- 5.8.2 Binders Raw Material Consumption.
- 5.8.3 Forecast Binders Raw Material Consumption.
- 6.1 Middle East And Africa Binders
- 6.1.1 Growth In Production Of Binders.
- 6.1.2 Pu Production By Country.
- 6.1.3 Forecast Pu Production By Country.
- 6.1.4 Binders Raw Material Consumption.
- 6.1.5 Forecast Raw Material Consumption.
- 6.2 East Africa
- 6.2.1 Growth In Production Of Binders..
- 6.2.2 Binders Raw Material Consumption.
- 6.2.3 Forecast Binders Raw Material Consumption.
- 6.3 Egypt
- 6.3.1 Growth In Production Of Binders.
- 6.3.2 Binders Raw Material Consumption.
- 6.3.3 Forecast Binders Raw Material Consumption.
- 6.4 Levant
- 6.4.1 Growth In Production Of Binders..
- 6.4.2 Binders Raw Material Consumption..
- 6.4.3 Forecast Binders Raw Material Consumption.
- 6.5 Other Middle East
- 6.5.1 Growth In Production Of Binders.
- 6.5.2 Binders Raw Material Consumption.
- 6.5.3 Forecast Binders Raw Material Consumption.
- 6.6 Saudi Arabia
- 6.6.1 Growth In Production Of Binders.
- 6.6.2 Binders Raw Material Consumption.
- 6.6.3 Forecast Binders Raw Material Consumption.
- 6.7 South Africa
- 6.7.1 Growth In Production Of Binders.
- 6.7.2 Binders Raw Material Consumption.
- 6.7.3 Forecast Binders Raw Material Consumption.
- 6.8 Uae
- 6.8.1 Growth In Production Of Binders.
- 6.8.2 Binders Raw Material Consumption..
- 6.8.3 Forecast Binders Raw Material Consumption.
- 6.9 West Africa
- 6.9.1 Growth In Production Of Binders.
- 6.9.2 Binders Raw Material Consumption..
- 6.9.3 Forecast Binders Raw Material Consumption.
Pricing
Currency Rates
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