Growth Projection: Polyurethane Precursor Market to Surpass USD 80 Billion by 2033
The polyurethane precursor market is expected to be worth USD 80,216.2 Million by end of the forecast period. The market is anticipated to witness a considerable growth rate of 5.6% over the forecast period. Polyurethanes are versatile class of polymeric materials, which offers various extraordinary advantages over other polymeric materials, which make it suitable to use in broad array of end use industries. The most common advantage they offer is, that they have an ability to be made into rigid and soft foams. These foams are further utilized in various end use industries. Polyurethane are mainly made of three precursors namely- polyols, additives and isocyanates. Precursors are like raw materials which are used in the manufacturing of any chemical or polymer. In the Polyurethane case, polyols and isocyanates are widely used precursors in the production of polyurethane. Polyurethane Foam is one of the key applications for Polyurethane Precursor. Flexible and Rigid foams, both are...