DUBLIN--(BUSINESS WIRE )--The "Polyols Market Size, Share & Trends Analysis Report By Product (Polyether, Polyester), By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global polyol market size is expected to reach USD 45.17 billion by 2025 at an 8.5% CAGR during the forecast period.
There has been a shift in trend from conventional heavy materials such as metals to lightweight, high performance plastics. This has, in turn, driven the use of polyurethane to lower automotive component weight and boost fuel savings. This is likely to have a positive impact on demand for polyols across the globe.
Polyols are witnessing an increase in demand owing to their growing application scope in important end-use industries such as automotive, furniture and bedding, building and construction, pharmaceutical, and packaging. Growth of the automotive market and rising focus on energy-efficient buildings have emerged as major factors driving the polyol market.
In PU adhesive formulation, polyether polyols are the dominant product segment. Polyether polyols offer excellent flexibility at low temperatures and are relatively less sensitive to hydrolysis compared to polyester polyols. Polyether polyols is also utilized to formulate reactive hot melt adhesives. Polyester polyols are widely used in highly automated and hot melt adhesive applications that require fast set time or initial green strengths.
Furthermore, concerning the overall polyol market scenario, principal manufacturers are seen incorporating bio-based polyols to reduce dependence on conventional petrochemical derived polyols and reduce risks, such as environmental concerns and volatile raw material prices, associated with it.
The global polyols market is concentrated and oligopolistic in nature, with top manufacturers accounting for over 48.0% of the global market. Pricing and various other strategic initiatives depend on these top market players.
Further key findings from the report suggest:
Chapter 3 Market Variables, Trends & Scope
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Polyols market - value chain analysis
3.7.1.1 Growing application of polyurethane in automotive industry
3.7.1.2 High demand for building insulation owing to the sustainability concerns
3.10 Polyols market - Macro-Environmental Analysis
Chapter 4 Polyols Market: Product Estimates & Trend Analysis
4.1 Global polyols market share, by product, 2017 & 2025
Chapter 5 Polyols Market: Application Estimates & Trend Analysis
5.1 Global polyols market share, by application, 2016 & 2025
Chapter 6 Polyols Market: Regional Estimates & Trend Analysis
6.1 Global polyols market share, by region, 2016 & 2025
7.3 Polyols End-user Analysis, by Application
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Plastic Additives