Polyurethane

Polyurethanes are polymers of urethane. They are highly flexible in nature and can be moulded into any possible shape. Polyurethanes are produced using MDI (Methylene diphenyl diisocyanate) and TDI (Toluene diisocyanate). Polyurethanes can be segmented as rigid foams, flexible foams, coatings, elastomers, and binders.
 
Polyurethanes are used in refrigerators, thermal insulation of buildings, car seats, household furniture, as sealants and in shoe soles etc. Their end-user industries include construction, electronics, automotive, furniture & interiors.
 
Furniture and interiors industry are the leading end-users of the global polyurethanes market, followed by the construction industries. However, electronics industry is expected to become the fastest growing market for polyurethanes in the coming years.
 
The growth of automobile industry has augmented the growth of the global polyurethanes market. In addition, increased construction activities and rise in demand for resins, textiles and fibers have been the major driving forces for this market. This scenario is very prominent in developing countries. However, the volatile prices of MDI and TDI are likely to affect the growth of the global polyurethanes market.
 
Headed for sustaining in the market, companies are now shifting their focus towards the production of bio based polyurethanes. Moreover, there is a shift in trend towards the adoption of low weight, high performance polymer materials, in the automobile industry. This can have a positive impact towards the growth of the market.
 
Overall the market is experience a positive growth, and this trend is expected to continue in the coming years.

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