Global Graft Polyols Market: Snapshot 

Steady growth witnessed in the flexible polyurethane foams market has resulted in the high demand for graft polyols. Besides enhanced load-bearing capacities, graft polyols offer numerous functional properties such as improved resilience, mechanical strength, color retention, cell opening, and solid content, a rising awareness regarding which has helped the global graft polyols market gain pace in the last few years. With the demand for comfortable and luxurious searing systems scaling higher in automotive and furniture industries, the use of flexible polyurethane foams is expected to gain pace, which is in turn likely to boost the grafts polyols market further in the coming years. 

On the downside, fluctuating prices of raw materials could hinder the market’s expansion to an extent. A majority of raw materials required to produce graft polyols are obtained as derivatives of crude oil. Therefore, fluctuations in crude oil prices are likely to render raw material prices unstable, consequently emerging as a key hindrance for the global graft polyols market. However, with the rising use of natural oils such as castor oil, more lucrative avenues are expected to open for the graft polyols market in the coming years. Also the use of natural oil-based alternatives is expected to increase in cushions and mattresses, which in turn will boost the global graft polyols market in the coming years. 

Asia Pacific Emerges as Dominant Regional Market for Graft Polyols 

Regionally, Asia Pacific emerged as the leading market, accounting for a share of over 45% in 2014. The rising disposable income of consumers and economic development witnessed in nations such as Japan, Singapore, China, and Malaysia has played a key role in fuelling the demand for graft polyols in Asia Pacific. In the Asia Pacific market, the consumer preference is inclining toward luxurious furniture and vehicles equipped with comfortable seating. This has in turn created the demand for flexible polyurethane foams, thus creating lucrative growth opportunities for the graft polyols market in the region. 

Among the various countries exhibiting demand for graft polyols, China is at the fore in Asia Pacific. As per recent studies, growth witnessed by the graft polyols market in China is expected to be exponential as it will benefit from the nation’s tremendously expanding furniture and automotive sectors. 

Europe and North America to Continue Exhibiting Lucrative Prospects 

In North America and Europe as well, the demand for graft polyols is expected to rise at a significant pace. In terms of market-share Europe, is expected to follow Asia Pacific. The rising demand for graft polyols from Germany, is expected boost the Europe market between 2015 and 2023. Besides this, opportunities exhibited for the market in Italy and the U.K., are expected to remain lucrative through the aforementioned forecast period. The rising demand for high resilient foams in cushions, protective packaging, automotive seating, and carpets across developed nations will aid the graft polyols market’s expansion in Europe. 

In the coming years, the demand for graft polyols is expected to rise at a high pace in the Middle East & Africa. Industrialization witnessed in the last few years will boost the region’s graft polyols market. Meanwhile in Latin America, the demand witnessed in Brazil on account of the nation’s rapidly growing automotive sector will aid the growth of the graft polyols market.

Some of the leading players operating in the global graft polyols market are China Petroleum & Chemical Corporation (Sinopec Limited), BASF SE, Royal Dutch Shell plc, Jilin Shenhua Group Co., Ltd., Oltchim S.A., and The Dow Chemical Company.

Graft polyols are a stable colloidal dispersion of styrene acrylonitrile polymer particles in polyether polyols. These are widely used in the manufacture of flexible polyurethane foams. Graft polyols improve the load-bearing properties of flexible foam by modifying the viscosity and density. They also impart high resilience in polyurethane foams. Polyurethane foams formulated from graft polyols are extensively used in carpets, cushions, mattresses, furniture, automotive seating, and protective packaging. Hence, graft polyols are employed in numerous end-user industries such as furniture, automotive, packaging, and others. Asia Pacific held the largest share of the graft polyols market in terms of demand, followed by Europe and North America in the past few years. Asia Pacific is expected to dominate the global graft polyols market during the forecast period.

The report estimates and forecasts the graft polyols market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn). The report comprises an exhaustive analysis of the value chain, which provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the graft polyols market along with their impact on demand during the forecast period. The report analyzes opportunities in the graft polyols market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.

The report includes Porter’s Five Forces Model to analyze the degree of competition in the graft polyols market. The report comprises a qualitative write-up on market attractiveness analysis, wherein countries have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report includes price trend analysis for raw materials and graft polyols from 2014 to 2023.

The study provides a comprehensive view of the graft polyols market by dividing it into regional segments such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Regional segments have been further analyzed on country level. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, Brazil, and South Africa have been included in the study. The market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn).

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include BASF SE, Oltchim S.A., The Dow Chemical Company, and China Petroleum & Chemical Corporation (Sinopec Limited). Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

This report segments the global graft polyols market as follows:

 Graft Polyols Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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Graft Polyols Market

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