Polyurethane Market Sees Surge in Demand for Lightweight and Durable Thermoplastic Polyurethane (TPU) Materials
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The rising penetration of electrical and appliances, automotive, furniture, and other sectors has fueled polyurethane market growth. The demand for polyurethane (PU) is high, considering its widespread use in various settings such as homes, corporate offices, cars, leisure, and sports activities. This material possesses features of rigidity and flexibility, creating a wide array of opportunities for its use in different manufacturing industries. Moreover, the rising research and development efforts from manufacturers are positively impacting the demand for polyurethane. The advent of technology such as nano-technology brings tremendous scope for the production of polyurethane. Modernization is transforming people’s lives at a faster pace due to which people are more inclined to flexible, long-lasting, and environment-friendly materials to fulfill the needs of day-to-day life. Polyurethane finds its application in daily essentials, including refrigerators, building insulators, furni