Product ID: SQMIG15E2128
Global Polyurethane Market Size, Share, Growth Analysis, By Material Type(Polyol, MDI), By Product Type(Rigid foam, flexible foam), By End User(Building & construction, automotive & transportation) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2128 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
76
Global Polyurethane Market Dynamics
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.
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.
Global Polyurethane Market Report Snapshots
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