Polyester Polyol Market by Type and Geography - Forecast and Analysis 2020-2024

The polyester polyol market size has the potential to grow by USD 2.24 billion during 2019-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (aliphatic polyester polyol and aromatic polyester polyol), application (C.A.S.E., Flexible foam, Rigid foam, Spray foam, and Others), and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including BASF SE, Covestro AG, DIC Corp., Dow Inc., Huntsman Corp., Kansai Paint Co. Ltd., Kuraray Co. Ltd., Purinova Sp zoo, Stepan Co., and Sumitomo Bakelite Co. Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented. BASF SE, Covestro AG, and DIC Corp. are some of the major market participants. Although the increasing demand for polyols in the automotive and construction industries will offer immense growth opportunities, the increasing threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this polyester polyol market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this polyester polyol market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• BASF SE
• Covestro AG
• DIC Corp.
• Dow Inc.
• Huntsman Corp.
• Kansai Paint Co. Ltd.
• Kuraray Co. Ltd.
• Purinova Sp zoo
• Stepan Co.
• Sumitomo Bakelite Co. Ltd.

Polyester Polyol Market: Segmentation by Geography

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APAC was the largest polyester polyol market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing number of residential, non-residential, and public infrastructure projects, especially in India, China, Malaysia, and other developing countries, will significantly drive polyester polyol market growth in this region over the forecast period.

61% of the market's growth will originate from APAC during the forecast period. China, the US, Japan, and South Korea (Republic of Korea) are the key markets for polyester polyol in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Polyester Polyol Market: Segmentation by Type

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In APAC, China exhibits the highest demand for aliphatic polyester polyols because of the high use of these polyols in the coating and elastomer segments. Elastomers are widely used in the packaging industry. Therefore, the polyester polyol market share growth by the aliphatic polyester polyol segment will be significant during the forecast period. The growth in the paints and coatings industry across North America, Europe, and the Middle East will also drive the consumption of aliphatic polyester polyols during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the polyester polyol market size.

Polyester Polyol Market: Key Drivers and Trends

Several end-user industries such as construction, automotive, and paint and coating use PU foam. PU foam is also used to produce wiper cowls, bumpers, side skirts, roll pans, roof liners, dashboards, headrests, seats, and armrests in the automotive industry. With the automotive industry expected to project a high growth rate during the forecast period, the demand for PU foam will increase. Since polyester polyol is one of the critical ingredients in PU foam, the growing demand for PU foam will drive the growth of the polyester polyol market.

PU foam acts as a seamless layer of insulation and weatherproof sealants. It is used for covering irregular and hard-to-insulate shapes as well as filling gaps and seams The growing demand for flooring, housing, and sound-absorbing furnishing in the construction industry will boost the demand for PU foam. Hence, the development of the construction industry will also drive the polyester polyols market growth in the coming years. The global polyester polyols market is expected to register a CAGR of over 5% during the forecast period.

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Polyester Polyol Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive polyester polyol market growth during the next five years
• Precise estimation of the polyester polyol market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyester polyol industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyester polyol market vendors

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