Polyurethane Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The polyurethane market was valued at over USD 70.5 billion in 2021. The market is projected to register a CAGR of over 5.5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. However, it recovered significantly in 2021, owing to rising consumption from various end-use applications, including furnishing and interiors and automotive.
Key HighlightsThe polyurethane market is consolidated in nature, with intense competition among the top players. Some of the major players (in no particular order) include BASF SE, Wanhua, Huntsman International LLC, Dow, and Covestro AG.
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