Market Overview

Global Polyester Polyol Market 2019-2023| Increasing Demand from the Automotive and Construction Industries to Boost Growth| Technavio

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Technavio
analysts forecast the global polyester polyol market to grow at a CAGR
of close to 6% during the forecast period, according to their latest
market research report.

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https://www.businesswire.com/news/home/20181206005572/en/

Technavio has released a new market research report on the global polyester polyol market for the pe ...

Technavio has released a new market research report on the global polyester polyol market for the period 2019-2023. (Graphic: Business Wire)

Innovations in polyurethane (PU) is one of the major trends being
witnessed in the global
polyester polyol market 2019-2023
. Research firms and other
companies are constantly developing new forms of PU foams, including
photo cross-linkable PU, to cater to the high demand for PU foams in
several applications. Some innovations in PU include patent issued by
KURARAY through its investors for highly durable polyester polyols. The
patent states that PU can be used in paints, adhesives, coatings,
elastomers, artificial/synthetic leather, foams, and resins cured by
activation energy rays. Therefore, innovations in PU will drive the
demand for polyester polyols during the forecast period.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global polyester polyol market is the increasing
demand for polyols from the automotive and construction industries:

Global polyester polyol market: Increasing
demand for polyols from the automotive and construction industries

PU foam is extensively being used in several end-user industry
verticals, mainly automotive, construction, and paints and coatings
industries. PU foams are widely used in the production of automotive
components such as wiper cowls, side skirts, bumpers, roll pans, and
also interior components of cars such as including seats, armrests,
headrests, dashboards, roof liners, and instrumental panels. PU foams
are also used in the construction industry to form a layer of
insulation, and it provides weatherproof sealants as well as helps cover
irregular shapes. As the polyester polyol is one of the key ingredients
used to manufacture PU foams, the surging demand for PU foams in the
automotive and construction industry will fuel the growth of the
polyester polyol market.

According to a senior analyst at Technavio for research on plastics,
polymers, and elastomers, "Apart from the increasing demand for
polyols in the automotive and construction industries, factors such as
the increasing demand for bio-based products and the expansion of plant
capacities are expected to fuel the growth of the polyester polyol
market."

Global polyester polyol market: Segmentation
analysis

The global polyester polyol market research report provides market
segmentation by type (aliphatic polyester polyols, and aromatic
polyester polyols), by application (C.A.S.E., flexible foam, rigid foam,
and spray foam) and by region (APAC, Europe, North America, and ROW). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

The APAC held the largest share of the market in 2018, accounting for
about 52% share, followed by Europe, North America, and ROW
respectively. The APAC region is likely to continue dominating the
market with the highest incremental growth during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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