Global Polyether Polyols Market is Expected to Expand at an Impressive Rate by 2025
Prominent participants in the global polyether polyols market are Huntsman Corporation, The Dow Chemical Company , Covestro AG ., Royal Dutch Shell Plc, China Petroleum & Chemical Corporation., BASF SE, and Solvay S.A. The market, so far, has been on a steady growth trajectory and going forward too is slated to maintain the pace. Keen, success-hungry companies in the global polyether polyols market have been investing in increasing their production facilities and capacities, so as to be able to serve a much wider customer base with better products. Besides expansions, other methods in which they have been trying to grow their shares are acquisitions and expanding outreach to relatively untapped markets in emerging economies. A report by Transparency Market Research forecasts the global polyether polyols market to rise at a 6.5% CAGR during the period between 2017 and 2025. At this rate, the market will likely grow its value from US$10.22 bn in 2016 to US$17.87 bn by 2025...