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Energy Industry News Releases

Polyurethane Market, Size, Share and Forecast 2019-2026

(EnergyIndustry.Net, December 24, 2019 ) Market Overview

The global polyurethane market is estimated to reach a market value of USD 67,800.87 million by 2026 and will grow at a CAGR of 5.83% in the period 2019-2026.

The market value was USD 45,661.31 million in 2018.

Consumption of polyurethane was estimated to grow at a CAGR of 6.82% in the forecast period to become 36.12 million metric tons by 2025.

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Drivers and Restraints

Growing construction and automobile markets have increased the usage of bio-polyurethane in the construction sector and refrigerators sectors.

Volatile raw material prices and growing environmental concerns are major factors restraining the growth of the polyurethane foam market.

Market Share

The polyurethane market size is segmented based on the product type, raw material, end user, and geography.

By application, the furniture sector is estimated to have the largest market share of 33.12% in the polyurethane market forecast period.

It is estimated that the global consumption of polyurethane was 21.31 million metric tons in 2017 with furniture sector accounting for 7 million metric tons.

By product type, the flexible foam market accounted for the largest market share of 32.38% in 2017 and is estimated to have the highest market value by 2025.

By geography, the Asia-Pacific region had a major market share of 52.1% in 2016 followed by Europe and North America.

Large consumption of polyurethane in India, China, and Japan is increasing the demand for polyurethane market.

China is the second largest producer of polyurethane in 2017.

Key Players

Some of the major companies in the industry include



Huntsman Corp

Covestro AG

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DataM Intelligence

Sai Kiran

+1 877 441 4866

Source: EmailWire.Com

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