Market Dynamics
Rising demand of for the production of polyurethane foams from various end-user industries such as electronic, furniture, automotive, and the packaging is accelerating the market growth of the market. In addition, rising investment in the development and infrastructural activities by the government globally supports the market growth.
Growing use of lignin in the production of insecticides and pesticides is further fostering the market growth. Moreover, rising demand for lightweight products from the aerospace industry is driving the overall growth of the market.
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