Polyurethane Market Size

Polyurethane Market Size

Polyurethane Market size exceeded USD 59.5 billion, globally in 2018 and is estimated to grow at over 5.8% CAGR between 2019 and 2026 owing to the emergence of sustainable polymer formulations which help reduce automotive weight, enhance fuel efficiency, and contribute to minimal environmental degradation.

Polyurethanes are versatile plastic materials which are composed of organic units joined by carbamate links. The polymer is traditionally produced by a chemical reaction between diisocyanate and polyol. Polyurethanes are widely served in various industries such as automotive, electronics and packaging owing to their low temperature stability & durability. PU offers high load bearing capacity, tear resistance and effective electrical insulating properties which makes them suitable for harsh environmental conditions.

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According to the department of energy, heating & cooling accounts for 48% of the energy use in the U.S. household. Polyurethanes offer sustainable solutions in improving energy efficiency of the buildings. With rising government initiatives to promote efficient building structures, manufacturers are now increasing the use of high performance thermosets to deliver high performance for a long run.
 

The versatility of PU makes it suitable for a broad range of construction applications. They are used in residential & commercial roofs, panels, doors and walls to reduce energy consumption owing to their superior insulating properties.
 

Global construction industry spending amounted to USD 11.4 trillion in 2018. Ongoing urbanization have boosted the demand for efficient infrastructure development. Insulation materials based on PU offer extremely low emission levels, provide high compressive strength and low thermal conductivity. The polymer offers superior bonding properties, high flexibility & provides protection against moisture.
 

The U.S. Toxic Substance Control Act (TSCA) evaluates potential risks from new, existing chemicals and acts to address any unreasonable risks chemicals may have on human health and environment. The act establishes a framework to identify commercial chemicals that present unreasonable risks and to regulate product lifecycle of a chemical so that it no longer presents any risks to the environment.