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Polyurethane Market Global Trend Overview and 2025 Forecast

Urethane polymers are increasingly being utilized to address consumer needs in health, convenience and sustainability by means of applications such as adhesives, coatings, and insulation materials among others.

The Global Polyurethane (PU) Market is anticipated to reach USD 105.2 billion by 2025, according to a new report by Grand View Research, Inc.
 

Thermoplastic polyurethane (TPUs) are widely utilized in automotive applications owing to their ability to integrate characteristics of both plastics & rubbers at a lower weight as compared to metal & other plastic materials. Innovative TPUs containing silicone diol with micro-structured surfaces are also being used as self-cleaning surfaces for marine vessels.

Flexible PU foams remained the dominant product with about 27% volume share in 2015. The development of innovative, flexible foams containing latent aldehydes & displaying improved compression set have also introduced new growth avenues for industry participants.

However, PU adhesives are anticipated to emerge as a fast growing product with a CAGR of 6.5%. Such specialty adhesives are contributing to faster bonding & processing times in the construction and electronics sector while lowering production costs.

Asia Pacific was the dominant consumer of polyurethanes and accounted for nearly half of the global volume in 2015. High demand from end-users such as electronic component manufacturers, automotive OEMs, footwear industry, and packagers has been a critical factor for the region’s growth.

To Know More About Polyurethane Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

China was the leading market in Asia Pacific, however, India promises greater opportunities in future due to greater investments in electronics, construction, packaging, and automotive sectors.

Top Players of Polyurethane (PU) Market:

Key companies operating in this market include BASF SE, The Dow Chemical Company, Covestro, Huntsman Corp., Eastman Chemical Co., Mitsui Chemical Corp., Woodbridge Foam Corp., RTP Company & Lubrizol Corp. companies among others.

Market Segmentation of Polyurethane (PU) Market:

The Global Polyurethane Market segmented on the basis of Product, End-Use and Region.

By Product:

    Rigid Foam
    Flexible Foam
    Coatings
    Adhesives & Sealants
    Elastomers

By End-Use:

    Furniture
    Construction
    Electronics & Appliances
    Automotive
    Footwear
    Packaging

By Region:

    North America
    Europe
    Asia Pacific
    CSA
    MEA

Inquire about Polyurethane Market with Our Experts @ https://www.grandviewresearch.com/inquiry/697

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