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. 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.
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.
Full Research Report On Polyurethane (PU) Market Analysis: www.grandviewresearch.com/industry-analysis/polyurethane-pu-market
U.S. polyurethane market revenue by product, 2014-2025 (USD Million)
Further Key Findings from the Study Suggest:
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Polyurethane market share by end-use, 2015
Grand View Research has segmented the polyurethane market on the basis of product, end-use and region:
Polyurethane Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Polyurethane End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Polyurethane Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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