According to a new market report published by Lucintel, the future of the global MDI based polyurethane market is positive with opportunities in building and construction, appliance, transportation, furniture and bedding, footwear, packaging, and general & industrial engineering industries. The global MDI based polyurethane market is expected to reach an estimated $22.9 billion by 2023 and it is forecast to grow at a CAGR of 4.0% from 2018 to 2023. The major driver for growth in this market is increasing demand for higher thermal insulating materials in building and construction, home appliances, and transportation sectors.