Polyols and Polyurethane Market – Projected to Garner Significant Revenues by 2023
The global market for polyols and polyurethane is expected to show a significant rise during the forecast period of 2015 to 2023. According to a report by Transparency Market Research, the market is likely to rise due to its demand in various applications such as home furnishing, appliances, automotive, and construction sectors. The demand for polyols and polyurethane is expected to see healthy growth in 2018. The demand for energy efficient technologies are leading to demand for polyols and polyurethane market globally. Some of the key companies in the market dealing with the same are The Dow Chemical Company, Mitsui Chemicals Inc., Chemtura Corporation, Huntsman Corporation, Bayer MaterialScience, and BASF SE. The global market for polyols will rise at a healthy CAGR of 4.7% during the forecast period of 2015 to 2023. Its valuation in revenue was calculated to be US$ 16.67 bn in 2015 and is expected to reach US$ 25.29 bn by 2023. Whereas, the global market for polyuret...