Market Forecast By Type (Glass, Carbon), By Manufacturing Process (Lay-Up, Pultrusion, Resin Transfer Molding), By End Use Industry (Transportation, Building & Construction, Electrical & Electronics) And Competitive Landscape
Product Code: ETC4501579 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Romania Polyurethane Composites market report thoroughly covers the market by type, by manufacturing process, by end user and competitive Landscape. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The polyurethane composites market is considered one of the fastest-growing sectors in the composites industry. It is widely used in various sectors such as automotive, construction, aerospace, and others. The rise in demand for lightweight, durable, and energy-efficient materials has led to the growth of the polyurethane composites market. In Romania, the polyurethane composites market is slowly gaining traction and is expected to see significant growth in the coming years. Further, one of the key trends in the polyurethane composites market is the increase in demand for lightweight materials. The automotive sector is one of the major drivers of this trend, as lightweight materials can improve vehicle performance and fuel efficiency. Another significant trend in the European market is the shift towards the use of bio-based materials. Romania is expected to follow suit with this trend since the country has been investing in renewable energy sources. However, although the Romania polyurethane composites industry presents a promising opportunity for investors and manufacturers, it also poses some challenges. One of the challenges is the lack of awareness and understanding of the benefits of polyurethane composites in various industries. Complex production processes and high initial costs of raw materials also hinder the market's growth.
According to 6Wresearch, Romania Polyurethane Composites market size is projected to grow at a CAGR of 10.2% during 2025-2031. The growth of automotive and the wind energy industry, the demand for lightweight materials, energy efficiency, and cost reduction are the key factors driving this market. Additionally, with an increase in DIY projects, the demand for polyurethane composite materials continues to grow. Further, the energy-efficient properties of polyurethane composites can also be attributed to their growth in the Romanian market. Polyurethane has the ability to act as an insulation material, making it ideal for construction projects where thermal insulation is vital. Polyurethane composites are highly efficient in providing insulation, and by incorporating these materials into construction projects, developers can lower the building's energy costs. Moreover, polyurethane composites are also being used on a large scale in the wind energy industry. The materials are used to make rotor blades that take advantage of the lightweight and flexible characteristics of polyurethane composites to increase efficiency, durability, and lifespan. As a result of the wind energy industry's dynamic expansion, polyurethane composites are in high demand in the Romanian industrial market.
The Romanian government has been actively supporting research and development (R&D) activities in the polyurethane composites industry through various funding programs and initiatives. In 2015, the Romanian Government launched a National Research & Development Program, which included several sub-programs focused on developing high-performance materials. Also, these programs have enhanced the Romania Polyurethane Composites Market Share. This initiative has helped to drive the development and innovation of polyurethane composites, supporting the creation of new materials that are stronger, more durable, and more environmentally friendly. In addition to supporting R&D, the Romanian government has also prioritized partnerships between the public and private sectors to drive innovation in the polyurethane composites market. The government has collaborated with global industry leaders to create a favorable business environment for foreign investors, facilitating partnerships that allow local firms to benefit from knowledge transfer, proprietary technology, and other resources. This has helped to boost the competitiveness of Romanian firms and put the country on a global map.
Some of the major players include BASF Romania SRL, Huntsman Corporation, Covestro AG and Dow Chemical Company. Moreover, few of the companies’ also hold huge Romania Polyurethane Composites Market Revenues. Additionally, these BASF Romania SRL is one of the top players in the Romanian polyurethane composites landscape. The company has an extensive product portfolio, which includes a range of polyurethane composites that cater to various end-use industries. BASF's state-of-the-art production facilities and experienced R&D team are pivotal in delivering high-quality products and services to its esteemed clients.
According to Ravi Bhandari, Research Head, 6Wresearch, the Romania is one of the European countries that has been experiencing growth in the polyurethane composites market. With the rise in demand for lightweight and durable materials, Romania has continuously utilized various types of polyurethane composites, particularly those made of glass and carbon. Further, polyurethane composites made of glass (also known as fiberglass) are widely used in the automotive, construction, and marine industries in Romania. In the automotive industry, glass fiber-reinforced composites are used to manufacture exterior components such as bumpers, hoods, and fenders. In the construction industry, fiberglass composites are used to produce off-site prefabricated structures such as wall panels, roofing systems, and modular housing. In the marine industry, glass fiber-reinforced composites are used to build lightweight and corrosion-resistant boats, yachts, and watercraft.
In the past few years, the polyurethane composites market in Romania has witnessed remarkable growth. With a significant increase in demand across various industries, this market is expected to thrive in the upcoming period. The adoption of polyurethane composites in transportation, building & construction, electrical & electronics, and several other sectors has played a crucial role in the market's exponential growth. Further, one of the significant end-users of the polyurethane composites market is the transportation industry, which includes automotive, aerospace, and railways. Polyurethane composites are widely implemented in vehicle components such as bumpers, spoilers, and interior parts to provide lightweight and durable functionality. The demand for polyurethane composites in the automotive industry is significantly increasing due to their excellent mechanical properties, corrosion resistance, and low noise generation. Additionally, the growing demand for carbon fiber-reinforced polymer (CFRP) composites is driving the Polyurethane composites market in the aerospace industry.
The Romania polyurethane composites market report provides a detailed analysis of the following market segments:
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 Romania Polyurethane Composites Market Overview |
3.1 Romania Country Macro Economic Indicators |
3.2 Romania Polyurethane Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Romania Polyurethane Composites Market - Industry Life Cycle |
3.4 Romania Polyurethane Composites Market - Porter's Five Forces |
3.5 Romania Polyurethane Composites Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Romania Polyurethane Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Romania Polyurethane Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Romania Polyurethane Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Romania Polyurethane Composites Market Trends |
6 Romania Polyurethane Composites Market, By Types |
6.1 Romania Polyurethane Composites Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Romania Polyurethane Composites Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Romania Polyurethane Composites Market Revenues & Volume, By Glass, 2021 - 2031F |
6.1.4 Romania Polyurethane Composites Market Revenues & Volume, By Carbon, 2021 - 2031F |
6.2 Romania Polyurethane Composites Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Romania Polyurethane Composites Market Revenues & Volume, By Lay-Up, 2021 - 2031F |
6.2.3 Romania Polyurethane Composites Market Revenues & Volume, By Pultrusion, 2021 - 2031F |
6.2.4 Romania Polyurethane Composites Market Revenues & Volume, By Resin Transfer Molding, 2021 - 2031F |
6.3 Romania Polyurethane Composites Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Romania Polyurethane Composites Market Revenues & Volume, By Transportation, 2021 - 2031F |
6.3.3 Romania Polyurethane Composites Market Revenues & Volume, By Building & Construction, 2021 - 2031F |
6.3.4 Romania Polyurethane Composites Market Revenues & Volume, By Electrical & Electronics, 2021 - 2031F |
7 Romania Polyurethane Composites Market Import-Export Trade Statistics |
7.1 Romania Polyurethane Composites Market Export to Major Countries |
7.2 Romania Polyurethane Composites Market Imports from Major Countries |
8 Romania Polyurethane Composites Market Key Performance Indicators |
9 Romania Polyurethane Composites Market - Opportunity Assessment |
9.1 Romania Polyurethane Composites Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Romania Polyurethane Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.3 Romania Polyurethane Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Romania Polyurethane Composites Market - Competitive Landscape |
10.1 Romania Polyurethane Composites Market Revenue Share, By Companies, 2024 |
10.2 Romania Polyurethane Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |