Market forecast for polyol in 2019
Market research firm MarketsandMarkets issued a report "polyol dynamic and market forecast of 2019" on the basis of product categories (polyester and polyether), application (soft foam, hard foam, CASE) as well as the definition and classification of polyols market in the world, from the aspects of production value and analyzes and defines the size of the market. In addition, the report also identifies the drivers and constraints of global polyol market by analyzing market trends, opportunities, critical issues and challenges.
Asia Pacific: the largest market for polyols
At present, the asia-pacific region is the largest multivariate alcohol market. By the growing population, the government to strengthen regulation in the field of construction, the development of the automotive industry and textile, furniture field growing demand for support, China became the biggest consumption of polyols in Asia Pacific countries, attracts a lot of people in the industry has expanded its operations in the Asia Pacific region. It is estimated that the market for polyalcohol in the asia-pacific region will reach $1,2210.3 million in 2019.
Polyurethane (soft bubble) : the largest multi-alcohol application market
Current polyurethane soft foam is the largest area of the consumption of polyols. Polyurethane soft foam is widely used in textile, fiber, automobile, construction, furniture and other fields. A total of $1,278,284 million is expected to be consumed in 2019. It is expected that the market will witness a compound annual growth rate of 10.30 per cent in 2014-2019, in terms of market value. India is the fastest-growing country, with a compound annual growth rate of 12.66 in 2014-2019.
Polyurethane (hard foam) : the fastest growing multi-alcohol application market
Polyurethane hard foam is the fastest growing multi-alcohol application market. The market compound annual growth rate is expected to reach 9.00% in 2014-2019. Polyurethane hard foam is mainly used for building insulation. It can reduce energy transfer, prevent moisture, increase energy efficiency and facilitate transportation.
Basf, bayer, dow and mitsui are some of the main producers of polyols. Companies such as cargill, Japan and mitsui have been increasing the production capacity of bio-based polyols to differentiate themselves. These polyols, mixed with petrochemicals, have been accepted in most markets around the world.
