| Product Code: ETC6361854 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continued to see significant import shipments of polyurethane (PU) elastomer, with top exporting countries being Germany, Italy, Netherlands, China, and the USA. Despite a high concentration of market share indicated by the HHI, the industry experienced a negative compound annual growth rate (CAGR) of -1.61% from 2020 to 2024. Additionally, the growth rate in 2024 further declined by -8.78% compared to the previous year. These trends suggest a challenging environment for PU elastomer imports in Belgium, highlighting the importance of monitoring evolving market dynamics and competition.

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 Polyurethane (PU) Elastomer Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Polyurethane (PU) Elastomer Market - Industry Life Cycle |
3.4 Belgium Polyurethane (PU) Elastomer Market - Porter's Five Forces |
3.5 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume Share, By Processing Methods, 2021 & 2031F |
3.7 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.8 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
3.9 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Polyurethane (PU) Elastomer 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 emphasis on sustainable and eco-friendly products, leading to the adoption of polyurethane elastomers as they are recyclable and energy-efficient. |
4.2.3 Technological advancements in manufacturing processes, leading to cost efficiency and improved product performance. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, especially in the petrochemical industry, impacting the production cost of polyurethane elastomers. |
4.3.2 Stringent regulations regarding chemical emissions and environmental impact, leading to compliance challenges for manufacturers. |
4.3.3 Intense competition from alternative materials such as rubber and plastics, posing a threat to the market share of polyurethane elastomers. |
5 Belgium Polyurethane (PU) Elastomer Market Trends |
6 Belgium Polyurethane (PU) Elastomer Market, By Types |
6.1 Belgium Polyurethane (PU) Elastomer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Thermoset Polyurethane Elastomers, 2021- 2031F |
6.1.4 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By TPU (Thermoplastic Polyurethane Elastomers), 2021- 2031F |
6.2 Belgium Polyurethane (PU) Elastomer Market, By Processing Methods |
6.2.1 Overview and Analysis |
6.2.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Casting, 2021- 2031F |
6.2.3 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Thermosetting, 2021- 2031F |
6.2.4 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Calendering, 2021- 2031F |
6.2.5 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Molding, 2021- 2031F |
6.2.6 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Melt Processing, 2021- 2031F |
6.2.7 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Extrusion, 2021- 2031F |
6.2.8 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Solution Techniques, 2021- 2031F |
6.2.9 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Solution Techniques, 2021- 2031F |
6.3 Belgium Polyurethane (PU) Elastomer Market, By Raw Material |
6.3.1 Overview and Analysis |
6.3.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Isocyanates, 2021- 2031F |
6.3.3 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Polyols, 2021- 2031F |
6.3.4 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Curatives, 2021- 2031F |
6.3.5 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Additives, 2021- 2031F |
6.3.6 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Pigments, 2021- 2031F |
6.3.7 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Blowing Agents, 2021- 2031F |
6.3.8 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Smoke Retardants, 2021- 2031F |
6.3.9 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Smoke Retardants, 2021- 2031F |
6.4 Belgium Polyurethane (PU) Elastomer Market, By End User Industry |
6.4.1 Overview and Analysis |
6.4.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Automotive Industry, 2021- 2031F |
6.4.3 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Food And Beverage Industry, 2021- 2031F |
6.4.4 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Packaging Industry, 2021- 2031F |
6.4.5 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Aerospace And Aviation Industry, 2021- 2031F |
6.4.6 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Manufacturing Industries, 2021- 2031F |
6.4.7 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Construction Industry, 2021- 2031F |
6.4.8 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Electronics And Electrical Industry, 2021- 2031F |
6.4.9 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Electronics And Electrical Industry, 2021- 2031F |
6.4.10 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Oil And Gas Industry, 2021- 2031F |
6.5 Belgium Polyurethane (PU) Elastomer Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Footwear, 2021- 2031F |
6.5.3 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Automotive And Transportation, 2021- 2031F |
6.5.4 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Industrial Machinery, 2021- 2031F |
6.5.5 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Building And Construction, 2021- 2031F |
6.5.6 Belgium Polyurethane (PU) Elastomer Market Revenues & Volume, By Adhesives And Sealants, 2021- 2031F |
7 Belgium Polyurethane (PU) Elastomer Market Import-Export Trade Statistics |
7.1 Belgium Polyurethane (PU) Elastomer Market Export to Major Countries |
7.2 Belgium Polyurethane (PU) Elastomer Market Imports from Major Countries |
8 Belgium Polyurethane (PU) Elastomer Market Key Performance Indicators |
8.1 Research and development investment in new product formulations and applications. |
8.2 Percentage of revenue from sustainable and recyclable polyurethane elastomers. |
8.3 Adoption rate of advanced manufacturing technologies in the production process. |
8.4 Number of regulatory compliance certifications obtained. |
8.5 Customer satisfaction and loyalty metrics based on product quality and performance. |
9 Belgium Polyurethane (PU) Elastomer Market - Opportunity Assessment |
9.1 Belgium Polyurethane (PU) Elastomer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Polyurethane (PU) Elastomer Market Opportunity Assessment, By Processing Methods, 2021 & 2031F |
9.3 Belgium Polyurethane (PU) Elastomer Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.4 Belgium Polyurethane (PU) Elastomer Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
9.5 Belgium Polyurethane (PU) Elastomer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Polyurethane (PU) Elastomer Market - Competitive Landscape |
10.1 Belgium Polyurethane (PU) Elastomer Market Revenue Share, By Companies, 2024 |
10.2 Belgium Polyurethane (PU) Elastomer 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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