iCrowd Newswire
26 May 2022, 16:32 GMT+10
The latest published report by Fact.MR, a market research and competitive intelligence provider, reveals that the global polyurethane market currently holds a valuation of US$ 83.1 billion, and is slated to expand 2X to reach a valuation of US$ 162.3 billion by the end of 2032.
The market registered steady growth at 5% CAGR during 2017-2021. Fact.MR anticipates noteworthy potential in the market due to rising adoption of high-quality PU coatings and adhesives.
Click here to get a sample report (with full table of contents, tables and figures):-
https://www.factmr.com/connectus/sample?flag=S&rep_id=7359
Polyurethane adhesives are not only flexible and durable but also have better bonding and good impact resistance. They are used in vehicle interiors to seal fuel tanks, bond windshields, and other parts. Escalating demand for adhesives in different end-use industries is expected to be a major factor supporting market growth.
In addition, polyurethane coatings protect substrates from corrosion, abrasion, and weathering. As these coatings adhere to the base material, their application in several end-use industries, such as automotive, furniture, construction, etc., is rising, thereby fueling market growth.
Need More information about Report Methodology? Click here:-
https://www.factmr.com/connectus/sample?flag=RM&rep_id=7359
Key Takeaways from Market Study
"Increasing adoption of PU coatings and adhesives of high-quality across industries such as automotive, furniture etc., is anticipated to drive market demand over the coming years," says a Fact.MR analyst.
Polyurethane Industry Survey by Category
To get all-in insights on the regional landscape of the High Quality PU coatings and adhesives Market, buy now:-
https://www.factmr.com/checkout/7359
Development of Market
Key suppliers of polyurethane are focusing on enhancing their brand presence in the market by making appropriate use of promotional strategies in order to promote their products and enhance their consumer base. Many promotional advertising strategies such as product launches, partnerships, collaborations, capacity expansion, etc., are being undertaken by them to improve brand presence and generate additional revenue.
Leaders in the polyurethane market are focusing on capturing prominent market share by making use of robust distribution networks and integrating their sales channels, which has enabled them to generate consistency in demand over the years.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global polyurethane market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product type (rigid foam, flexible foam, coating, elastomers, adhesive & sealants, other product types) and application (construction, furniture & interiors, automotive, electronics & appliances, packaging, footwear, other applications), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Check out more studies related to Chemical Industry, conducted by Fact.MR:
What's Driving Consumption of Ethylene Oxide across the World? - The growing textiles & apparel industry along with favorable demographics with a shift in preference for branded products is boosting market growth in the ethylene oxide market.
Which Market Factor Majorly DriDemand for Styrene Butadiene Rubberves ? - Vehicle sales have gone up substantially over the past few years across the world, and this has subsequently increased the demand for tires as well. Styrene butadiene rubber is an important raw material in tire manufacturing, and hence, is expected to see a rise in demand over the years to come.
Why is Europe a Lucrative Market for Dianhydride Producers? - European companies have been investing in the research and development of alternatives to PMDA, with 6-FDA and BTDA being the most popular of the bunch. Besides, Europe is a prominent automobile and aerospace manufacturing hub of the world, and these two industries cumulatively account for a vital chunk of revenue in the overall European manufacturing arena.
Tags: Polyurethane Suppliers, Polyurethane Demand, Polyurethane Manufacturers
See Campaign: https://www.factmr.com/industry/chemical-materials
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