Polyurethane Market Trends, Industry Analysis 2022-28

The global polyurethane market size was valued at USD 70.84 billion in 2021 and is poised to grow at a significant CAGR of 4% during the forecast period 2022-28. The global polyurethane market is categorized into different segments such as oil based, synthetic based and water based on the basis of type. Among these segments, water based segment is anticipated to lead the global market because of its eco-friendly properties, needs less chemical treatment and low cost price. Furthermore, growing demand for building insulation because of the environmental issues is anticipated to fuel the demand for product over the forthcoming years.