Polyurethane Market Trends

Polyurethane Market Drivers

Increasing industrial Applications

• Polyurethane has wider industrial applications such as flexible foam is used in upholstered furniture, rigid foam for insulation in roofs and walls , TPU used in medical devices and footwear, and adhesives, sealants, and elastomers are used on floors and automotive interior. This factor helps to boost the market growth.

Increasing Demand for Environment Friendly Polyurethane

• The increasing demand for green and sustainable polyurethane and expansion of polyurethane recycling and recovery are expected to create numerous market opportunities.

Polyurethane Market Restraint

Strong Presence of Substitutes

• Polyurethane has wide applications in end use industries. However, there are many substitutes that are present in the market that replace the polyurethane such as linseed oil. It is used to treat wood in the furniture industry instead of toxic products, Polysiloxane coatings are used in marine industry instead of PUR coatings. Hence, the growth of the market is hindered.