Natural Oil Polyol Market to Reflect Impressive Growth Rate by 2020
A recently released report from Transparency Market Research (TMR) forecasts that the global natural oil polyol market will grow at a CAGR of 9.3% from 2014 to 2020. TMR, a market intelligence firm based in the U.S., states that by 2020, the global natural oil polyol market will reach a market value of US$7.22 billion from US$3.88 billion in 2013. The report, titled ‘ Natural Oil Polyol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 ’, is available for sale on the company website. According to this market research report, greater focus on lessening the excessive reliance on petroleum derived polyurethane and increasing prices of petroleum drive the global market for natural oil polyol. Polyols refer to the most vital components that are required for producing polyurea and polyurethane. Substantial demand for natural oil polyol comes from the following markets: furnishings, coatings and paints, construction, and automotive. Brow...