Middle-East and Africa Polyurethane Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The polyurethane market in Middle-East and Africa is expected to witness a healthy growth, at an estimated CAGR of over 5%, in terms of volume, over the forecast period. The major factors driving the growth of the polyurethane market are the growing requirement of thermal insulation from the electronics and appliances industry, and rising demand from the building and construction industry. On the flipside, volatile raw material prices and toxic nature of polyurethane coatings are expected to hinder the growth of market.
Key HighlightsThe Middle-East and African polyurethane market is highly consolidated, with a presence of only few players in the market. The top five players in the market control nearly 90% of the market share. Major players in the market include Covestro AG, BASF SE, Dow, and Huntsman International LLC, among others.
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