The report entitled; “Polycarbonate Diols Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report is segmented by Molecular weight Type (Below 1,000 G/Mol, 1,000 G/Mol-Below 2,000 G/Mol, and 2,000 G/Mol Above), by Form Type (Solid, Liquid), by Application Type (Synthetic Leather, Paints Coatings, Adhesives Sealants, Elastomers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), The forecast is focused on the historical and current growth of the global and regional markets.
The report offers a robust assessment of the Polycarbonate Diols Market to understand the growth potential, revenue, product range, and pricing factors besides analyzing the market size, market performance, and market dynamics. Moreover, the report is thoroughly assessed to draw a broader picture of the market by a detailed study of the current market trend and examines the potential expansion and growth during the forecast period, 2021-2026.
According to the report, the Polycarbonate Diols Market is likely to witness an impressive CAGR of 5.5% during the forecast period.
Segment Analysis
Based on the molecular weight type, the market is segmented as below 1,000 G/Mol, 1,000 G/Mol-below 2,000 G/Mol, and 2,000 G/Mol above. The 1,000 G/Mol-below 2,000 G/Mol segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. These polycarbonate diols possess various properties such as hydrolytic stability against acids, bases, corrosive solvents, and other toxic chemicals, because of which, they are majorly used in synthetic leather applications in the automotive industry. This is the prime factor which is expected to drive the growth of the segment during the forecast period.
Based on the application type, the market is segmented as synthetic leather, paints coatings, adhesives sealants, elastomers, and others. The synthetic leather segment is expected to remain the most-dominant as well as fastest-growing market, due to the gradual shift of the market from natural towards synthetic leather. The development of synthetic leather industry is based on various factors, such as supply of raw materials, growing environmental concerns, animal protection, and changes in the consumer demand. This type of polyurethane synthetic leather offers superior physico-chemical properties and is closer to natural leather, which has increased the demand for high-quality functional polyurethane from artificial leather manufacturers across the globe.
Based on the form type, the market is segmented as solid and liquid. Solid polycarbonate diols are expected to remain the faster-growing segment during the forecast period. Various factors responsible for the increasing demand for this segment are high resistance to hydrolysis, oxidation, stain, and wear in polyurethane products. At low temperature, these diols offer optimum performance, strength, high thermal stability and excellent mechanical properties. The increasing demand for solid polycarbonate diols is based on the demand for high-performance synthetic leather and increasing demand for waterborne paints coatings in the automotive, furniture, and textiles, and others in the market, which is fueling the growth of the segment.
In terms of regions, Asia-Pacific is estimated to be the largest market for polycarbonate diols during the forecast period. The growth of the region’s market is driven by the shifting of manufacturing bases from developed economies to the developing countries, owing to low cost of production and lenient regulation in the Asia-Pacific region. The growth in industrial sector is further driving the demand for polyurethane, which is bolstering the market for polycarbonate diols in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Major linchpins mentioned in the report are -
The market for Polycarbonate Diols is gradually consolidating with major companies that are performing mergers acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Market are listed below.
- Asahi Kasei Corporation
- Chemwill Asia Co. Ltd.
- Mitsubishi Chemical Corporation
- Perstorp Group
- Tosoh Corporation
- UBE Industries, Ltd.
The following is a list of the customers that the Polycarbonate Diols Market aims to convert the most:
- Polycarbonate Diols vendors
- Polycarbonate Diols retailers
- Polycarbonate Diols companies
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing procurement, target screening, and others, please send your inquiry at [email protected].
What we do-
Stratview Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients existing globally. We at Stratview Research are obliged to serve our diverse customer base present across the industries of Aerospace, Oil and Gas, Automotive, and Chemicals, etc. among various other industries present around the world. We strive to provide our customers with updated information on ground-breaking technologies, high growing markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
