Dublin -- The market for polyurethanes - rigid, flexible, coatings and adhesives will achieve a value of $49.7 billion by 2016, according to a new Research and Markets report 'Polyurethanes (PU) - A Global Market Watch, 2011 - 2016.'
The report says that geographic analysis shows the highest compound annual growth rate (CAGR) of 8.6 percent is predicted for Asia-Pacific during 2011-2016. Europe is behind with a CAGR of 8.1 percent, followed by the Americas at 7.1 percent.
Among the segments, Research and Markets says, rigid & flexible together account for nearly 30.4 percent of the overall market share; Coatings and Adhesives products are in second and third positions respectively.
The report says the global market for polyurethanes is growing rapidly and has registered an increase in next five years due to widely used in automotive and electronic applications. In terms volume polyurethanes is expected to reach 508.6 million tonnes by 2016, growing at a CAGR of 9.7 percent.
See more at www.researchandmarkets.com.
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