While the Turkish economy grows, the polyurethane sector is expanding even faster because of rapid growth in the construction, appliance and automotive sectors.
The Turkish PU market is estimated at more than 230 kilotons, growing at 10–11% a year.
Application areas
The markets are numerous and varied — from insulation that makes buildings more energy efficient, to foams and lightweight composite materials that increase comfort in cars and cut fuel consumption.
For the investor
The insulation and automotive interior segments are open to partnership scenarios, driven both by rising demand and by the need for technology transfer. A significant share of manufacturers in the sector are mid-sized family businesses.