Polyurethane Market Size and Growth Analysis Report 2028
The Polyurethane market was valued at US$ 54,917.09 million in 2021 and is projected to reach US$ 1,02,916.80 million by 2028; it is expected to grow at a CAGR of 9.4% from 2020 to 2028.
Polyurethane is a thermosetting polymer which is composed of organic units joined by carbamate links and does not melt on heating. It is light in weight, resistant to corrosion, elastic in nature and possesses considerable strength. In most of the cases, PU is an alternative to paper, glass, and metals. High mechanical strength enables polyurethane to provide insulation and replace metals for automobile parts. The polyurethane market is anticipated to grow in the forecast period owing to an upsurge in demand for lightweight and durable materials from automotive, packaging, furniture, footwear, and other end-use industries. Moreover, demands for high-performance interior components further contributes to the polyurethane market growth.
๐๐ฟ๐ฎ๐ฏ ๐๐ต๐ฒ ๐ฃ๐๐ ๐๐ผ ๐ธ๐ป๐ผ๐ ๐บ๐ผ๐ฟ๐ฒ
https://www.theinsightpartners.com/reports/polyurethane-market Polyurethane Market Size and Growth Analysis Report 2028
The Polyurethane market was valued at US$ 54,917.09 million in 2021 and is projected to reach US$ 1,02,916.80 million by 2028; it is expected to grow at a CAGR of 9.4% from 2020 to 2028.
Polyurethane is a thermosetting polymer which is composed of organic units joined by carbamate links and does not melt on heating. It is light in weight, resistant to corrosion, elastic in nature and possesses considerable strength. In most of the cases, PU is an alternative to paper, glass, and metals. High mechanical strength enables polyurethane to provide insulation and replace metals for automobile parts. The polyurethane market is anticipated to grow in the forecast period owing to an upsurge in demand for lightweight and durable materials from automotive, packaging, furniture, footwear, and other end-use industries. Moreover, demands for high-performance interior components further contributes to the polyurethane market growth.
๐๐ฟ๐ฎ๐ฏ ๐๐ต๐ฒ ๐ฃ๐๐ ๐๐ผ ๐ธ๐ป๐ผ๐ ๐บ๐ผ๐ฟ๐ฒ https://www.theinsightpartners.com/reports/polyurethane-market