Polyurethane Market Size To Hit USD 94.59 Billion By 2028
San Francisco, 3 June 2021: The Report Polyurethane Market Size, Share & Trends Analysis Report By Product (Flexible Foam, Rigid Foam), By End Use (Construction, Electronics & Appliances), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028 The global polyurethane market size is expected to reach USD 94.59 billion by 2028, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight and high-performance composites from the automotive industry is driving the growth of the market. Polyurethane (PU) is widely used in automotive applications, such as seating, instrument panels, exterior panels, engine encapsulation, and cables & wires, as an alternative to metals. The utilization of Thermoplastic Polyurethane (TPU) in auto components can drastically decrease the overall weight of automobiles, which, in turn, limits fuel consumption. Growing Corporate Average Fuel Economy (CAFE