The European polyurethane market is expected to grow at a CAGR of 4.9%.

According to market research institute Data Bridge Market Research, the European market for methylenediphenyl diisocyanate (MDI), toluene diisocyanate (TDI), and polyurethane was valued at $5.52 billion in 2021 and is expected to reach $8.09 billion by 2029, growing at a CAGR of 4.9% during the forecast period.

The construction industry has seen tremendous growth in recent years, as have the automotive and consumer goods industries, which have had a significant impact on the methylenediphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyurethane markets. The market is expected to grow at the same rate during the forecast period.

Thermoplastic Polyurethane (TPU) is a type of polymer resin that is known for its flexibility, durability, and versatility. It is a thermoplastic material, which means it can be melted and reprocessed multiple times without losing its original properties.

TPU is commonly used in various industries, including automotive, electronics, footwear, and sportswear. It is often used to make products such as phone cases, cables, hoses, seals, gaskets, and inflatable structures.