Technavio released its latest market research report, entitled "Global Polyester Polyol Market 2019-2023" (Graphic: Business Wire)
Technavio released its latest market research report, entitled "Global Polyester Polyol Market 2019-2023" (Graphic: Business Wire)
LONDON--(BUSINESS WIRE)--According to Technavio's latest market research report, the global polyester polyol market is expected to grow at a compound annual growth rate of approximately 6% during 2019-2023. Request a free sample report
PU foam is widely used in multiple end-user vertical industries, such as automotive, construction, paint and coatings. PU foam is widely used in the production of automotive parts, such as wiper covers, side skirts, bumpers, roll cages, and automotive interior parts, including seats, armrests, headrests, dashboards, roof linings and dashboards. PU foam is also used in the construction industry to form a layer of insulating material, which provides a weatherproof sealant and helps cover irregular shapes. As polyester polyol is one of the key ingredients used to make PU foam, the surge in demand for PU foam in the automotive and construction industries will drive the growth of the polyester polyol market.
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According to Technavio, the innovation of polyurethane (PU) will have a positive impact on the market and significantly promote its growth during the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth in 2019-2023.
Polyester Polyol Market: Innovations in Polyurethane (PU)
Research companies and other companies continue to develop new forms of PU foam, including photo-crosslinked PU, to meet the high demand for PU foam in a variety of applications. Some of PU's innovations include the patent for high-durability polyester polyols issued by KURARAY through its investors. The patent states that PU can be used in paints, adhesives, coatings, elastomers, artificial/synthetic leather, foams and resins cured by active energy rays. Therefore, during the forecast period, PU innovation will drive the demand for polyester polyols.
A senior analyst at Technavio said: "Other factors, such as the increasing demand for bio-based polyols and the expansion of factory production capacity, will have a significant impact on the growth of the market value of polyester polyols during the forecast period."
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Polyester Polyol Market: Segmentation Analysis
The market research report is broken down by type (aliphatic polyester polyol and aromatic polyester polyol), application (cases, flexible foam, rigid foam and spray foam) and region (Asia Pacific, Europe, North America and ROW) The polyester polyol market.
The Asia-Pacific region had the largest market share in 2018, followed by Europe, North America and ROW. It is expected that the Asia-Pacific region will maintain its dominant position in the market during the forecast period and grow at the highest incremental rate.
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Some of the key topics covered in the report include:
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Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 www.technavio.com
According to Technavio data, the global polyester polyol market is expected to grow at a compound annual growth rate of approximately 6% during 2019-2023.
Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 www.technavio.com