Polyurethanes are widely used polymers that are formed by reacting polyols with diisocyanates in the presence of chemicals such as catalysts and additives. They are used to manufacture a variety of products in almost all industries, such as electronics, automotive, footwear, construction, packaging, etc., to be molded into unusual shapes and enhance consumer and industrial products.

Polyurethane is being used as rigid foam for walls and roof insulation, flexible foam in furniture, and as adhesives, coatings, and sealants for automotive interiors. All these factors are likely to provide a gain of 121 BPS to the polyurethane market during the forecast years of 2022-2032.

Principal applications of polyurethane are in elastomers, foams, and coatings offering excellent abrasion resistance. Rigid polyurethane foams are being widely used as insulation materials because of the combination of cost-effectiveness and low heat transfer property. Good low-temperature capability, wide molecular structural variability, low cost, and high abrasion resistance are all supporting market growth.

However, poor weather ability, lesser thermal capability, being flammable, etc., are likely to hamper polyurethane demand growth over the coming years.

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