London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global polyols market 2015-2019, which is expected to grow at a CAGR of 8.91% during the forecast period of 2014-2019.
Growing demand for polyols from end-use industries such as construction, automotive, and refrigeration drive the prospects for growth in this market. Polyols are used as primary raw materials during the production of coatings, adhesives, sealants, artificial leather, and medical devices. Also, the rising demand for flexible foam in seating interior furniture, and bedding will boost the demand for polyols globally.
“CO2-based polyols are used to replace synthetic polyols, as they yield products with a minimal carbon footprint. When produced on a commercial scale, CO2 costs are favorable, as they are cheaper than petroleum-based raw materials. In terms of performance, polycarbonate polyols enhance the durability and strength of polyol products,” says Faisal Ghaus, Vice President of Technavio.
“The addition of CO2 in the existing production process of polyols produces foam with greater tear and higher tensile strengths, thereby increasing its weight bearing capacity.”
Key Market Drivers:
- Growing Demand for Novel Packaging Materials.
- Increased Demand for Polyurethane Polyols from APAC.
- Growing Demand from Appliances and Construction Industries.
Key Market Trends:
- Increasing Production of CO2-based Polyols.
- Growing Demand for Bio-based and Green Polyols.
- Capacity Expansion in APAC.
Key Market Vendors:
- BASF SE
- Bayer AG
- Cargill Inc.
- Chemtura Corp.
- Dow Chemical Co.
- Emery Oleochemicals
- Huntsman Corp.
- Itoh Oil Chemicals Co. Ltd.
- Lonza Group
- Mitsui Chemicals
- Royal Dutch Shell plc
- Stepan Co.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
