Enjoy complimentary customisation on priority with our Enterprise License!
The polycarbonate diol market size is forecast to increase by USD 84.8 million and is estimated to grow at a CAGR of 5.7% between 2023 and 2028. The market is witnessing significant growth, driven by its extensive applications in various industries such as synthetic leather, fashion, paints and coatings, and others. The demand for PCD is increasing due to its superior properties, including stain resistance, flexibility, UV resistance, chemical resistance, and hydrolysis resistance. In the synthetic leather industry, PCD is a key ingredient due to its ability to enhance the durability and performance of leather alternatives. In the fashion industry, PCD is used to produce high-quality textiles with excellent resistance to wear and tear. Moreover, PCD's versatility makes it an ideal choice for use in paints and coatings, providing superior protection against environmental factors. However, the market growth is not without challenges. Fluctuating raw material prices and the development of bio-based alternatives pose significant challenges to the market. Despite these challenges, the increasing opportunities in the Asia Pacific region, particularly in China and India, offer significant growth potential for market participants. In conclusion, the market is poised for growth, driven by its applications in various industries and its superior properties. Despite challenges, the market's potential is significant, particularly in the Asia Pacific region.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The conventional polycarbonate diol segment is estimated to witness significant growth during the forecast period. Polycarbonate diols, a type of polyols, are essential building blocks in the synthesis of water-based polyurethanes. Unlike traditional polycarbonate diols derived from petrochemical sources, eco-friendly alternatives are gaining popularity due to their hydrolysis resistance and reduced Volatile Organic Compounds (VOCs).
Get a glance at the market share of various regions Download the PDF Sample
The conventional polycarbonate diol segment was the largest segment and valued at USD 180.20 million in 2018. These eco-friendly polycarbonate diols are extensively used in various industries for producing high-performance polyurethane products. Their superior properties, including high tensile strength, flexibility, and resistance to abrasion and chemicals, make them an ideal choice for demanding applications. In the automotive sector, synthetic leather, coatings, and adhesives are manufactured using polycarbonate diol-based polyurethanes. Hence, such factors are fuelling the growth of this segment during the forecast period.
For more insights on the market share of various regions Request Free Sample
APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Polycarbonate Diol (PCD) market in the Asia Pacific (APAC) region is witnessing substantial growth, fueled by the construction sector's expansion and the rising demand for lightweight materials with emission reduction properties. The APAC construction industry, notably in countries like India, is undergoing significant growth, contributing to the region's economic development. In Q3 2023, India's construction sector grew by 13.3% compared to the same period in 2022 and 7.9% compared to the previous quarter. This growth has been a significant contributor to India's GDP, signifying increasing investments in infrastructure and real estate.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Asahi Kasei Corp: The company offers DURANOL polycarbonatediol.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
Explore our company rankings and market positioning Request Free Sample
|
Market structure |
Concentrated |
|
YoY growth 2023-2024 |
4.9 |
Polycarbonate diols, a type of polyols, have gained significant attention in the realm of material science and engineering technologies due to their exceptional properties. These versatile chemicals play a crucial role in the production of water-based polyurethanes, offering superior hydrolysis resistance and eco-friendliness. Polycarbonate diols are essential raw materials in the synthesis of various high-performance polyurethane products. These include polyurethane dispersions, which are widely used in the manufacturing of coatings, adhesives, and sealants. The adoption of these materials is on the rise in various industries such as construction, infrastructure projects, and interior components, due to their excellent abrasion resistance and emission reduction capabilities.
Water-based polyurethanes, derived from polycarbonate diols, are a preferred choice over their solvent-borne counterparts due to their lower Volatile Organic Compounds (VOCs) content. VOCs are known to contribute to environmental pollution and health issues. Thus, the shift towards eco-friendly chemicals in various applications is a significant trend driving the growth of the polycarbonate diols market. The molecular weight of solid polycarbonate diols can be tailored to meet the specific requirements of various applications. For instance, in the production of synthetic leather, high molecular weight polycarbonate diols are employed to ensure the desired level of durability and flexibility. In the realm of paints and coatings, low molecular weight polycarbonate diols are preferred for their ease of application and rapid curing properties. Moreover, the use of catalytic green reaction systems in the production of polycarbonate diols has led to a significant reduction in energy consumption and waste generation. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing opportunities in APAC is notably driving market growth. The Polycarbonate Diols Market is experiencing substantial growth in the Asia-Pacific region due to increasing research and development efforts.
This expansion aims to enhance the production of durable PU coatings, including those with superior abrasion resistance and water resistance, which are essential in humid conditions. The increased production capacity will significantly contribute to the growth of the Polycarbonate Diols Market in the APAC region. Thus, such factors are driving the growth of the market during the forecast period.
Development of bio-based products is the key trend in the market. The global market is experiencing notable progress, with a focus on the production of eco-friendly alternatives. These enhanced properties include increased flexibility, transparency, and a unique texture, making polyurethane resins derived from BENEBiOL an excellent choice for various applications.
The chemical stability of these resins ensures their durability and resistance to weather conditions, making them ideal for outdoor applications. In summary, the introduction of bio-based polycarbonate diol, such as BENEBiOL, represents a significant advancement in the polyurethane resins market. These eco-friendly alternatives offer superior properties and cater to diverse applications, including flooring, outdoor furniture, sealants, TPUs, and TPEs. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuation in raw material prices is the major challenge that affects the growth of the market. Economic instability in raw material markets directly impacts the prices of essential inputs for PCD production. Key feedstocks like bisphenol A and crude oil are particularly sensitive to price volatility caused by geopolitical tensions, supply chain disruptions, and alterations in global demand. Despite these challenges, PCD continues to be a popular choice in various industries due to its unique properties.
In the realm of Synthetic Leather, PCD's flexibility, UV resistance, and chemical resistance make it a preferred option for Fashion applications. In the field of Paints and Coatings, PCD's hydrolysis resistance adds value, ensuring durability and longevity. As market players navigate the volatile raw material landscape, they must remain agile and adapt to price fluctuations to maintain profitability and competitiveness. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
High-Performance Polyols for Sustainable Applications in Material Science Polycarbonate diols, a type of polyols, have gained significant attention in the industry due to their exceptional properties and eco-friendly characteristics. These diols are essential raw materials for producing water-based polyurethanes, which are increasingly preferred over solvent-borne polyurethanes due to their reduced Volatile Organic Compounds (VOCs). The hydrolysis resistance of polycarbonate diols makes them suitable for various applications, including adhesives and sealants, elastomers, and high-performance polyurethane dispersions. In the realm of construction, these diols contribute to durable coatings for infrastructure projects and interior components. Polycarbonate diols find extensive use in the production of synthetic leather, providing flexibility, abrasion resistance, and stain resistance. They are also crucial in the manufacturing of paints and coatings, offering excellent water resistance, humid conditions resistance, and UV resistance. Moreover, these diols are essential in the medical field, automotive OEMs, packaging applications, and consumer goods, thanks to their chemical stability and versatility. With advancements in material science and engineering technologies, catalytic green reaction systems have been developed for the solid form production of polycarbonate diols, contributing to emission reduction.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
191 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
|
Market growth 2024-2028 |
USD 84.8 million |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 40% |
|
Key countries |
China, US, Germany, Japan, and India |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Asahi Kasei Corp., Covestro AG, DAICEL ChemTech Inc., Mitsubishi Chemical Corp., Perstorp Holding AB, Tosoh Corp., Ube Corp., and Yuanli Chemical Group Co. Ltd. |
|
Market dynamics |
Parent market analysis, market research and growth , market report , market forecast , market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
