Polyester polyols are materials made from a mix of dibasic acids/anhydrides, diols, and triols. They are manufactured by reacting polyhydric alcohol with polycarboxylic acid or an anhydride. Owing to the aromatic substitution pattern of polyester polyols they offer hydrolytic stability. In the current market scenario, market players are focusing on manufcturing polyetser polyols from eco-friendly raw materials such as bio-succininc acid, as it helps in reducing environamntal footprint.
MARKET DYNAMICS
The global polyester polyols market is expected to register a notable CAGR during the forecast period due to the growth of automotive and construction industries. Increasing number of energy-efficient buildings in countries such as China, is fuelling the demand for aromatic polyester polyols. In Asia-Pacific, the demand for polyester polyols is on a rise due to a hike in the manufcaturing of freezers and refrigerators. However, the market growth is being hampered due to the implementaion of stringent regulations pertaining to the manufacturing of polyurethane foams. The US EPA has set few environmental regulation- National Emission Standards for Hazardous Air Pollutants (NESHAP) for the manufacturers of polyurethane foams. The market is expected to emerge lucrative during the upcoming years owing to the hike in demand for bio-based polyols in various application industries.
MARKET SCOPE
The "Global Polyester Polyols Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyester polyols market with detailed market segmentation by product type, application, and geography. The global polyester polyols market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading polyester polyols market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyester polyols market is segmented on the basis of product type, and application. Based on product type, the global polyester polyols market is segmented into aliphatic and aromatic. Based on application, the market is bifurcated into panels and boards, flexible foam, spray foam, coatings, adhesives & sealants, elastomers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyester polyols market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The polyester polyols market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyester polyols market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyester polyols market in these regions.
MARKETPLAYERS
The reports cover key developments in the polyester polyols market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyester polyols market are anticipated to lucrative growth opportunities in the future with the rising demand for polyester polyols in the global market. Below mentioned is the list of few companies engaged in the polyester polyols market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyester polyols market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Kansai Paint Co. Ltd.
- Sumitomo Bakelite Co. Ltd.
- Covestro AG
- The Dow Chemical Company
- Purinova LLC
- Huntsman Corp.
- DIC corporation
- Kuraray Co. Ltd.
- Stepan Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.