Global Polyols Market 2015-2019
Polyols are one of the main ingredients of polyurethane foams. Polyol is an alcohol that contains multiple hydroxyl groups. Polyols are segmented into polyether and polyester polyols. Polyether polyols are manufactured by the propoxylation of a polyhydric alcohol in the presence of a catalyst. Bio-based polyols are expected to boost the global polyols market, as global companies are investing in R&D to produce bio-based polyols on a commercial scale. Polyols are used in coatings, adhesives, sealants, artificial leather, and medical devices.
Technavio's analysts forecast the global polyols market to grow at a CAGR of 8.91% by revenue over the period 2014-2019.
Covered in this Report
Technavio’s report, Global Polyols Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
The report further provides data based on the following:
Technavio Announces the Publication of its Research Report – Global Polyols Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Polyols Market: BASF, Bayer, Cargill, Chemtura, Dow, Emery Oleochemicals, Huntsman, Itoh Oil Chemicals, Lonza Group, Mitsui Chemicals, Royal Dutch Shell and Stepan
Other Prominent Vendors in the market are: Expanded Polymer Systems, Manali Petrochemicals, Perstorp andTosoh
Commenting on the report, an analyst from Technavio’s team said: “CO2-based polyols are used to replace synthetic polyols, as they yield products with a minimal carbon footprint. When produced on a commercial scale, CO2 costs are favorable, as they are cheaper than petroleum-based raw materials. In terms of performance, polycarbonate polyols enhance the durability and strength of polyol products. The addition of CO2 in the existing production process of polyols produces foam with greater tear and higher tensile strengths, thereby increasing the weight bearing capacity. This results in improved cohesive strength and weather-resistance in adhesives and coatings.”
According to the report, transit of goods is expensive and can also cause damage to the goods, especially medical devices and other fragile items. Polyurethane packaging foams are form fitting cushions that uniquely secure and protect the item during transit. They are cost-effective and are widely used to transport household goods, electronic devices, delicate glassware, and huge industrial parts. Polyurethane foams can save time by providing custom fit containers with each shipment. They are available in different densities, colors, and are most suitable for multi drop requirements. Polyurethane foam polyols can be designed by pressing and cutting or can be used as simple blocks.
Further, the report states that the price fluctuation of these materials will have an impact on production costs. Manufacturers are opting for alternative solutions, which will in turn hamper the growth of the market.
BASF, Bayer, Cargill, Chemtura, Dow, Emery Oleochemicals , Huntsman, Itoh Oil Chemicals, Lonza Group, Mitsui Chemicals, Royal Dutch Shell, Stepan, Expanded Polymer Systems, Manali Petrochemicals, Perstorp, Tosoh
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook