Polyurethane Market is expected to expand at a CAGR of 4.3% from 2022 to 2030
Polyurethane Industry Overview The global polyurethane market size is expected to reach USD 105.45 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.3% from 2022 to 2030. The market is driven by the growing need for high-performance and lightweight composites in the automotive industry. The use of thermoplastic polyurethane (TPU) in car components has significantly reduced total vehicle weight. The automobile industry's need for plastics has been driven by the need to reduce total vehicle weight in order to reduce fuel consumption and carbon emissions. As an alternative to metals, PU is frequently utilized in automobile applications such as engine encapsulation, seats, external panels, instrument panels, external panels, and cables and wires. Polyurethane Market Segmentation Grand View Research has segmented the global polyurethane market based on product, application, and region: Based ...