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Polyether Polyols Market Players to Gain Lucrative Opportunities Owing to Increased Product use in Automotive Industry, Opines TMR Report

Chemicals And Materials |

The global polyether polyols market is projected to gain valuation of worth $17.87 Bn by 2025, states a research report by Transparency Market Research (TMR). Further, the report states that the market is anticipated to expand at a CAGR of 6.5% during the forecast period 2017 to 2025.

The research report by TMR makes a successful attempt of offering exhaustive study of major facets influencing the development curve of the global polyether polyols market. Thus, thorough assessment of drivers, challenges, historical and current market trends, restraints, and growth prospects of the market are presented in this report in an uncomplicated manner.

Increased use of polyether polyols for varied purposes across many industries including automotive, construction, furniture & bedding, refrigeration, and other industrial areas is expected to boost the sales opportunities in the global polyether polyols market in the years to come.

Polyurethane foams are in high demand for the manufacturing of padding of car seats, due to their ability to offer freedom of geometric design and provide comfort-targeted car seats. Thus, the global polyether polyols market is expected to gain lucrative opportunities on the back of expansion the automotive industry.

Polyether polyols find wide application in adhesives and sealants, surface active agents, elastomers, and synthetic lubricants. Moreover, specific types of polyols are utilized in specialty coatings, castings, defoamers, adhesives, and inks. Owing to this wide application of the product, the global polyether polyols market is expected to expand in the forthcoming years.

Polyether polyols refer to a polyols type mostly utilized in the production of polyurethane foams that are manufactured using glycol and organic oxide. Thus, this wide range of application of polyurethane foams is expected to generate lucrative prospects for the global polyether polyols market in the upcoming years.

Polyether polyols are in high demand for various purposes such as appliances, packaging, industrial insulation, and transport applications. In recent years, there is notable growth in inclination toward manufacturing environmentally sustainable polyurethane foams materials. This factor is expected to play key role in market growth.

polyether polyols market

Players Focus on Acquisitions, Increase Number of Production Facilities, and Boost Production Capacities to Lead the Market

Some of the key players working in the global polyether polyols market are The Dow Chemical Company, Huntsman Corporation, Royal Dutch Shell Plc, Covestro AG ., BASF SE, Solvay S.A., and China Petroleum & Chemical Corporation.

In order to sustain in the high level of competitions, major players in the global polyether polyols market are increasing efforts to increase the number of production facilities and strengthening their capacities. Moreover, several companies in the market are using the strategy of acquisition to stay ahead in the competition.

Asia Pacific: Prominent Region for Market Players

Latin America, Asia Pacific, Europe, North America, and Middle East and Africa are major regions for the global polyether polyols market. Among all, Asia Pacific is one of the leading regions that offer lucrative avenues for the market.

The Asia Pacific polyether polyols market is expected to show growth at promising pace in the forthcoming years. This growth can be attributed to many factors such as surge in demand for polyurethane foams from varied industrial verticals including automotive, construction, and bedding and furniture.

Global Polyether Polyols Market Segmentation

The research report on the global polyether polyols market is presented in the form of varied segments. Type, end-use, application, and region are some of the prominent factors considered for the segmentation of the market. In terms of type, the market for polyether polyols is divided into graft, synthetic, and natural. Based on application, the polyether polyols market is classified into many parts such as flexible foam, CASE, rigid foam, and others.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Polyether Polyols Market (Type - Synthetic, Natural, and Graft; Application - Rigid Foam, Flexible Foam, and CASE; End Use - Automotive, Construction, Furniture & Bedding, Refrigeration, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

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