| Product Code: ETC6353303 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continued to see significant import shipments of expanded thermoplastic polyurethane, with top exporters including Germany, Italy, Netherlands, China, and the USA. Despite a challenging market environment, the Herfindahl-Hirschman Index (HHI) indicated high concentration in the market. The compound annual growth rate (CAGR) from 2020 to 2024 was -1.61%, with a notable decline in the growth rate from 2023 to 2024 at -8.78%. These trends suggest a complex landscape for expanded thermoplastic polyurethane imports in Belgium, influenced by both domestic and international factors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Expanded Thermoplastic Polyurethane Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Expanded Thermoplastic Polyurethane Market - Industry Life Cycle |
3.4 Belgium Expanded Thermoplastic Polyurethane Market - Porter's Five Forces |
3.5 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.7 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.8 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Belgium Expanded Thermoplastic Polyurethane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries such as automotive, construction, and footwear. |
4.2.2 Growing awareness about the benefits of expanded thermoplastic polyurethane, such as energy efficiency and recyclability. |
4.2.3 Technological advancements leading to the development of innovative expanded thermoplastic polyurethane products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of expanded thermoplastic polyurethane. |
4.3.2 Stringent regulations related to environmental impact and recycling of plastic materials. |
4.3.3 Competition from alternative materials in the market, such as expanded polystyrene and expanded polypropylene. |
5 Belgium Expanded Thermoplastic Polyurethane Market Trends |
6 Belgium Expanded Thermoplastic Polyurethane Market, By Types |
6.1 Belgium Expanded Thermoplastic Polyurethane Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Vehicle Construction, 2021- 2031F |
6.1.4 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Sports and Leisure, 2021- 2031F |
6.1.5 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Shoes Manufacturing, 2021- 2031F |
6.2 Belgium Expanded Thermoplastic Polyurethane Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Leather & Allied Products Manufacturing, 2021- 2031F |
6.2.3 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3 Belgium Expanded Thermoplastic Polyurethane Market, By Raw Material |
6.3.1 Overview and Analysis |
6.3.2 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Diisocyanate, 2021- 2031F |
6.3.3 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Polyols, 2021- 2031F |
6.3.4 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Diols, 2021- 2031F |
6.3.5 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Belgium Expanded Thermoplastic Polyurethane Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Polyester, 2021- 2031F |
6.4.3 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Polyether, 2021- 2031F |
6.4.4 Belgium Expanded Thermoplastic Polyurethane Market Revenues & Volume, By Polycaprolactone, 2021- 2031F |
7 Belgium Expanded Thermoplastic Polyurethane Market Import-Export Trade Statistics |
7.1 Belgium Expanded Thermoplastic Polyurethane Market Export to Major Countries |
7.2 Belgium Expanded Thermoplastic Polyurethane Market Imports from Major Countries |
8 Belgium Expanded Thermoplastic Polyurethane Market Key Performance Indicators |
8.1 Adoption rate of expanded thermoplastic polyurethane in key industries. |
8.2 Research and development investment in new applications and formulations of expanded thermoplastic polyurethane. |
8.3 Number of partnerships and collaborations with key players in the value chain to expand market reach. |
9 Belgium Expanded Thermoplastic Polyurethane Market - Opportunity Assessment |
9.1 Belgium Expanded Thermoplastic Polyurethane Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Belgium Expanded Thermoplastic Polyurethane Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.3 Belgium Expanded Thermoplastic Polyurethane Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.4 Belgium Expanded Thermoplastic Polyurethane Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Belgium Expanded Thermoplastic Polyurethane Market - Competitive Landscape |
10.1 Belgium Expanded Thermoplastic Polyurethane Market Revenue Share, By Companies, 2024 |
10.2 Belgium Expanded Thermoplastic Polyurethane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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