Polyurethane Market Demands, Types And Projected Industry Size & Shares 2025

Henry Jones21 Feb, 2022News

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.