Polyester Polyol Market: China Remains at the Forefront of Production and Demand

A new detailed study titled “Global Market Study on Polyester Polyol: Cutthroat Competition between North America and Europe in Terms of Adoption Rate” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, global polyester polyol market is likely to witness steady growth globally, with China remaining at the forefront of demand.

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According to the research study, the polyester polyol market is likely to witness steady growth over the course of the forecast period, on account of rising applications in a range of industries. Polyester polyols are widely used in the manufacture of flexible foams, elastomers, and adhesives. Growth in these industries on account of macroeconomic conditions is likely to provide an impetus to growth over the forecast period.

The report segments the global polyester polyol market into type market, application market and region market. The type segment is further bifurcated into aromatic market and aliphatic market. The application segment is sub-segmented into flexible foam, coatings, elastomers, panels & boards, adhesives & sealants, spray foam and others.

Geographically, the market is divided into key regions globally which are North America, SEA & other APAC, China, Europe, Latin America, Japan, and Middle East & Africa. China continues to be the largest market for polyester polyol globally. The demand for polyster polyol in China is likely to be driven by high number of manufacturing hubs in the region. These factors are likely to provide an impetus to growth during the assessment period. In addition to China, Europe is also likely to account for significant demand for polyester polyol.

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The report profiles some of the leading players operating in the market. Some of these players are Purinova LLC,  Grupo Synthesia, BASF SE,  Stepan Company, Saudi Arabian Oil Co., Huntsman Corporation, INVISTA , Helios Group (Kansai Paint), Emery Oleochemicals, Myriant Corporation, Lanxess AG, DIC corporation, Olean, Covestro AG and The DOW chemical company (DoWDuPoint). According to the research study, leading players in the polyester polyol market are focusing on expanding their production capacities to meet the growing demand. For instance, in June 2016, Stepan Company completed the expansion of its polyester polyol facility in Brzeg Dolny, Poland.

The research study has a positive outlook on the polyester polyol market. Although challenges pertaining to regulatory compliance and changing guidelines can limit growth, the long-term outlook on the market remains positive.

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This release was published on openPR.