Polyurethane Market Size, Share, and Growth Analysis (2024–2031)
The global polyurethane market is witnessing substantial growth driven by increased demand across various industries such as automotive, construction, furniture, and packaging. Polyurethane is a versatile material known for its excellent durability, flexibility, and insulating properties. These qualities make it a popular choice for a wide range of applications, from rigid foams to flexible foams, elastomers, coatings, adhesives, sealants, and more. According to recent market reports, the global polyurethane market size is expected to expand significantly from its current value, continuing to benefit from growing industrial applications and emerging trends in sustainability and eco-friendly products. Polyurethane (PU) is a polymer that consists of organic units joined by carbamate links. The material can be tailored to suit different applications by altering its chemical composition. Polyurethanes can be rigid or flexible, and they are used extensively in manufacturing and construct...