Polymer products, polyols and polyurethane, find widespread applications across the world. Polyether polyols and polyester polyols are some of the commercially available polyol products. Coatings, flexible foam, adhesives and sealants, rigid foam, elastomers, etc. are some of the commercially available polyurethane products. Globally, the market for polyols and polyurethane has been receiving a major boost from the flourishing automotive, furniture and interiors, and construction industries globally. Soaring demand for furniture and interiors, particularly in Asia Pacific where the construction industry has literally exploded on account of the improving economy in most nations, has provided a solid fillip to the global market for polyols and polyurethane. Supply limitation and price volatility of raw materials are some of the crucial challenges the market is struggling to overcome. The market for polyols and polyurethane showcases high degree of backward integration as most promi
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