High demand for polyurethane foam from automotive, construction, textile, footwear and other end-use industries across the globe is driving market demand. Rising demand for energy-saving insulation products is further boosting aromatic polyester polyol demand in the construction industry. Increasing demand for high-quality polyurethane insulation in old and new buildings is further propelling the market growth.
The latest report by Value Market Research expects the Global Polyester Polyol Market was valued at USD 6 billion in 2017 and is likely to reach USD 8.4 billion by 2024 with the CAGR of 5%.
ALIPHATIC POLYOLS DOMINATED THE TYPE SEGMENT
In 2017, aliphatic polyol led the type segment and has accounted for X.X% of the total market share. High demand of polyurethane from coatings, adhesives and sealant industries is driving the segment growth. Also, high demand of aliphatic polyol for synthesis of flexible foams to cater to global demand is further fueling the market growth.
CASE LED THE APPLICATION SEGMENT
By application, CASE dominated the segment by accounting for X.X% of the total market share. Owing to its excellent properties such as better tensile strength, tear, abrasion and fatigue flex resistance are increasing their application across coating, adhesion, and sealant elastomer industries.
ASIA-PACIFIC DOMINATED THE REGIONAL MARKET
Asia-Pacific led the regional market by accounting for over 33% of the total market share. Growing construction activities, automobile, and textile sector within emerging economies are driving the market growth. The robust demand for PU elastomers from the Chinese footwear industry is again fueling the regional market growth.
KEY PLAYERS OF THE MARKET
Major players of polyester polyol market include BASF SE, Convestro AG, DIC Corporation, Emery Oleochemicals, Grupo Synthesia, Helios Group, Huntsman Corporation, INVISTA, Lanxess AG, Myriant Corporation, Olean, Purinova LLC, Saudi Arabian Oil Co., Stepan Company and The Dow Chemical Company.
As per this study the Global Polyester Polyol Market was valued USD 7.19 BN (by revenue) in 2021 and is anticipated to reach USD 10.81 BN by 2028 with a CAGR of 6%.
Polyester polyol is an organic compound acts as intermediates in the synthesis of rigid and flexible high quality polyurethane. Polyurethane prepared from polyester polyol exhibits better resistance to UV, oil, grease, abrasion and posses' superior tensile and tear strength. Polyester polyol is synthesized by reaction of diols and dibasic acids.
Market Dynamics
Rising demand for polyurethane foams from end-use industry is driving the polyester polyol market growth. Rising demand of high-quality polyurethane insulation in old and new buildings is further boosting the market growth. High demand of energy saving insulation products is further boosting aromatic polyester polyol demand in the construction industry.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polyester polyol.
Market Segmentation
The broad polyester polyol market has been sub-grouped into application and type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Panel And Board
- Flexible Foam
- Spray Foam
- CASE
- Others
By Type
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for polyester polyol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Polyester Polyol Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polyester polyol market include BASF SE, Convestro AG, DIC Corporation, Emery Oleochemicals, Grupo Synthesia, Helios Group, Huntsman Corporation, INVISTA, Lanxess AG, Myriant Corporation, Olean, Purinova LLC, Saudi Arabian Oil Co., Stepan Company and The Dow Chemical Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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