Global Polyether Polyols Market: Overview
The growth of the automobile and construction sectors has had a direct and positive impact on the global polyether polyols market and industry experts are of the opinion that the revenue generated by these polyols is slated to expand at a pace higher than the volume of the same.
On the basis of cell structure, polyether polyols can be of three main types: rigid, flexible, and specialty. The demand for flexible and rigid polyether polyols is currently the highest. In terms of revenue, flexible foam is identified to be a major contributor in the market.
The global polyether polyols market has been discussed at length in the report and an in-depth assessment of its major segments has been provided. The factors boosting demand and those limiting the growth of the market have been identified and sharp and actionable insights on how to overcome the shortfalls have been discussed. One of the most promising features of this report is its evaluation of the competitive landscape, wherein the leading companies have been scrutinized to give readers an edge over the rest.
Global Polyether Polyols Market: Trends and Opportunities
The primary factor driving the polyether polyols market is the growing demand for the same in the polyurethane industry, particularly for the production of polyurethane foams. While the flexible foams are used in applications such as furniture, car interiors and seats, bedding, and carpet interlay, the rigid foams are used in packaging and refrigeration. Other applications of polyether polyols include synthetic lubricants, adhesives and sealants, surface active agents, and elastomers. Specialty versions of these polyols find application in castings, specialty coatings, defoamers, inks, and adhesives.
Although several concerns over the health hazards of polyols threaten to hamper the overall market, the development of bio-based polyether polyols is a segment that is likely to present major opportunities for those in the market. Bio-based polyether polyols are made from natural oils, making them environmentally sustainable.
Global Polyether Polyols Market: Regional Outlook
From a geographical perspective, the market is classified into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific accounts for a massive share in the global polyether polyols market, powered primarily by China. This country is a major consumer of polyether polyols thanks to the availability of cheap labor and raw materials. Other countries contributing to the APAC market include Taiwan and India, where there has been a rising demand for polyurethane foams from several end-use industries.
By volume, Europe and North America also account for a significant share in the global market. The Europe polyether polyols market is fueled by demand for polyurethane foam to be used in the bedding and furniture industry. While Western Europe already accounts for a major chunk in the overall demand for polyether polyols, Central Europe is fast catching up. The market in North America is driven by the U.S. while the Rest of the World segment has the Middle East to thank for the opportunities available here.
Companies mentioned in the Report
Perstorp AB (Sweden), Manali Petrochemicals Ltd. (India), Huntsman Corporation (U.S.), Bayer Material Science (Germany), BASF SE (Germany), and The Dow Chemical Company (U.S.) are some of the prominent players operating in the global polyether polyols market. Most companies in this space are focusing their resources on expanding their production facilities and capacities so as to widen their customer base, offer them more effective services, and gain a competitive advantage over the rest. In addition to expansions, acquisitions and investing in emerging economies also form a part of the companies’ growth strategies.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.