Polyurethane Market Current Scenario And Future Growth Analysis By 2025

Henry Jones21 Feb, 2022Business

The global polyurethane market is valued at USD 70 billion in 2020 and it is expected to grow at a CAGR of 3.8% from 2020 to 2025 due to high demand from multiple industries such as construction, automotive, electronics, packaging, and footwear. Construction application is leading the polyurethane end-user segment with more than 25% market share. APAC is the largest producer of polyurethane with ~45% share followed by North America and Europe. The global production based on polyurethane is shifting towards emerging countries in the APAC region.