Technavio released its latest market research report, entitled "Global Polyol Market 2018-2022" (Graphic: Business Wire)
Technavio released its latest market research report, entitled "Global Polyol Market 2018-2022" (Graphic: Business Wire)
LONDON--(BUSINESS WIRE)--According to Technavio's latest market research report, it is estimated that the compound annual growth rate of the global polyol market during 2018-2022 will be close to 9%. Request a free sample report
The automotive industry is one of the main end users of polyurethane (PU) foam. They are used to make various parts such as side skirts, wiper covers, roll cages and bumpers. PU foam is also used in car headrests, seats, armrests, roof linings, instrument panels and dashboards. As polyols are crucial in the production of PU foam, the increased use of PU foam by the automotive industry is expected to drive the growth of the global polyol market during the forecast period.
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According to Technavio, the use of alternative blowing agents will have a positive impact on the market and significantly boost its growth during the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth from 2018 to 2022.
Global polyol market: use of alternative blowing agents
Increasing attention to the environment has led to the phasing out of blowing agents such as HCFC and HFC. This forces end users to look for alternatives to make spray PU foam, which has led to a strong demand for pentane, methyl formate, dimethoxymethane and methylal as alternatives to HC and HFC. During the forecast period, the increased use of such blowing agents is expected to have a positive impact on the growth of the global polyol market.
"The innovation of polyurethane foam and the increasing demand for bio-based polyols will further drive market growth during the forecast period," said a senior analyst at Technavio.
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Global Polyol Market: Segmentation Analysis
This market report breaks down the global polyol market by application (flexible polyurethane foam, rigid polyurethane foam and CASE), type (polyether polyol and polyester polyol), and geography (Americas, Asia Pacific and Europe, Middle East and Africa) .
The Asia-Pacific region led the market in 2017, followed by EMEA and the Americas. During the forecast period, the Asia-Pacific region is expected to maintain its dominant position in the market.
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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 Email: media@technavio.com Website: https://www.technavio.com/
According to Technavio data, the compound annual growth rate of the global polyol market during 2018-2022 is expected to be close to 9%
Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 Email: media@technavio.com Website: https://www.technavio.com/