CHICAGO, Aug. 22, 2022 /PRNewswire/ — Polycarbonate Diols Market size is expected to grow from USD 249 million in 2022 to USD 328 million by 2027 at a compound annual growth rate (CAGR) of 5.7% during the forecast period, according to a new report by MarketsandMarkets™. The main factor driving the polycarbonate diols industry during the forecast period includes the rising demand for high-performance polyurethane in the synthetic leather application. Also, rising demand for waterborne paints & coatings and stringent government regulations across the globe is providing momentum to the growth of the market.
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Ever-increasing adoption of high-performance synthetic leather across the industry, a key to market growth
The natural leather industry has been affected by the supply of raw materials, growing environmental concerns, animal protection, and changes in consumer demand. Thus, a significant shift in the market from natural to synthetic leather is being witnessed across the globe.
The PU synthetic leather has enhanced Physico-chemical properties and is more akin to natural leather in terms of handling, texture, and appearance. With the increase in production of synthetic leather-based products and the structural upgrading of the industry, the demand for high-quality, functional polyurethane…
