Market Size of Polyurethane Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyurethane Composites Market Analysis
The market for polyurethane composites is expected to grow at a CAGR of 4% globally during the forecast period. Increasing demand for lightweight materials in the transportation industry and growing demand from the building and construction industry are driving the market growth. On the flip side, higher production costs and slowdown in global automotive production are hindering the growth of the market.
- The polyurethane composites market is expected to grow during the forecast period owing to the increasing demand from the transportation industry.
- Asia-Pacific region dominates the market across the globe with the largest consumption from countries such as China, India and Japan.
