Polyurethane (PU) Market Foreseen to Witness 7.2% CAGR During 2018 to 2026
The global polyurethane market was valued at US$ 40,063.0 Mn in 2017 and is anticipated to expand at a CAGR of 7.2% from 2018 to 2026, according to a new research report titled ‘Polyurethane Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) The global polyurethane market is driven by rise in the usage of polyurethane in various end-user industries such as bedding & furniture and building & construction. Rise in Demand for Polyurethane in Bedding & Furniture Industry to Fuel Market Polyurethane is used as a raw material in the manufacture of furniture. The bedding & furniture industry is a major consumer of polyurethane. Increase in the global population is boosting the demand for consumer products. This, in turn, is fueling the bedding & furniture market. Polyurethane is employed in the production of polyurethane coatings. These coatings possess high resistanc...