openPR Logo
Press release

Polyol Market to Witness Increased Revenue Growth Owing to Rapid Increase in Demand 2023 by Key Players Mitsui Chemicals, Bayer Material Science, Chemtura and More

02-19-2019 09:23 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Polyol is an alcohol containing multiple hydroxyl groups and is used in both food and polymer chemistry industry. Polyol is a key ingredient used in polyurethane formulations, which is largely used in various industrial applications including rigid & flexible foams, coatings, adhesives, sealants and elastomers. The global polyol market is witnessing steady growth due to the rising demand of polyurethane across various end-user industries, such as construction, automotive, electronics, furniture & interiors, packaging, footwear, and others.

The key players of the market include Royal Dutch Shell PLC, Dow Chemicals, BASF SE, Cargill Inc., Mitsui Chemicals, Bayer Material Science, Chemtura Corporation and Novomer Inc., COIM S.P.A. etc.

These companies are adopting product launch as one of the key strategies to maintain their competitiveness in the global market. For instance, in May 2014, Novomer Inc. launched the Converge Polyols for broader use in the polyurethanes industry. This polyurethane formulations can be used in various applications including adhesive, coatings, sealants, elastomers, and rigid and flexible foams.

Get Sample PDF Brochure of Polyol Market Study at: https://www.alliedmarketresearch.com/request-toc-and-sample/723

Asia Pacific region offers lucrative opportunities for the polyol market, which is led by rapid industrialization and high growth in construction and automotive industries of Southeast Asian countries. This is evident from BASF Indias strategy, which featured the establishment of polyurethane manufacturing and production facilities in Gujrat, India, in 2014. However, the Kanas district of court has filed a lawsuit against major polyol manufacturers including The Dow Chemical Company, by claiming the price fixation conspiracy of various urethane chemical products, including polyether polymer.

Moreover, the price volatility of crude oil in the global market creates a demand-supply gap in the polyol market. Therefore, numerous manufacturers are stepping into the production of bio-based polyols from feedstock such as corn, soya, rapeseed, castor, canola, palm, etc. The Mitsui- SKC joint venture will facilitate the operations of the bio-based polyols manufacturing facility in Gujarat, of Vithal Castor Polyols Pvt Ltd.
The global polyols market is segmented on the basis of type, application, end-user and geography. In terms of type, the market is segmented into Polyether Polyol and Polyester Polyol. Based on applications, the market is segmented into polyurethane rigid foam, polyurethane flexible foam, CASE (coating, adhesive, sealant and elastomer) and others.

On the basis of end-user industry, the market is segmented into construction, transportation, furniture, packaging, carpet backing and others. Geographically, the market is segmented across Europe, North America, Asia Pacific and LAMEA. Major Asian countries like India, China, Japan, and Malaysia are the emerging and most promising markets for polyols.

Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/723

The key players of the market include Royal Dutch Shell PLC, Dow Chemicals, BASF SE, Cargill Inc., Mitsui Chemicals, Bayer Material Science, Chemtura Corporation and Novomer Inc., COIM S.P.A. etc. These companies are adopting product launch as one of the key strategies to maintain their competitiveness in the global market. For instance, in May 2014, Novomer Inc. launched the Converge Polyols for broader use in the polyurethanes industry. This polyurethane formulations can be used in various applications including adhesive, coatings, sealants, elastomers, and rigid and flexible foams.

Key Market Benefits

• The report provides an in-depth analysis of the global polyol market including information about the current market situation, changing market dynamics, expected trends and market intelligence
• The factors that drive and impede the growth of the global polyol market are comprehensively analyzed in this study
• The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market
• Micro-level analysis is conducted based on various potential applications of polyol and their usage in different regions
• SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
• The report provides a quantitative analysis of the current market and estimations through 20142020 that help identify the prevailing market opportunities
• The report focuses on the evolution of bio-based polymers over the conventional petroleum-based polymer. For instance, in October 2014, Evonik Industries launched the DYNACOLL Terra, a modular system of bio-based polyester polyols for reactive hotmelt adhesives.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyol Market to Witness Increased Revenue Growth Owing to Rapid Increase in Demand 2023 by Key Players Mitsui Chemicals, Bayer Material Science, Chemtura and More here

News-ID: 1598709 • Views: 461

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Polyol

Green Polyol and Bio Polyol Market to Witness a Pronounce Growth During 2025
Worldwide, in 2015, polyurethane flexible foam was assessed to be the biggest application of green and bio polyols. Polyurethane flexible foam is sought after from for the production of bedding and furniture products that is its biggest end-utilize sector. This is because of the developing populace and expanding construction activities in rising nations and renovation activities in the emerged regions of Europe and North America. Besides, the developing automotive industry
Bio Polyol and Green Polyol Market : Quantitative Market Analysis, Current and F …
Green polyols and bio polyols are eco-friendly alcohol solutions containing multiple hydroxyl groups. Green polyol is derived from recycled polyethylene terepthalate (PET) and polyurethanes, while bio polyol is extracted from different vegetable oils such as canola, castor and corn. Polyether polyols and polyester polyols are the two primary types of green polyols and bio poyols which are commonly used. These products are used in series of applications such as adhesives,
Bio Polyol and Green Polyol Market Foraying into Emerging Economies During 2014 …
Green polyols and bio polyols are eco-friendly alcohol solutions containing multiple hydroxyl groups. Green polyol is derived from recycled polyethylene terepthalate (PET) and polyurethanes, while bio polyol is extracted from different vegetable oils such as canola, castor and corn. Polyether polyols and polyester polyols are the two primary types of green polyols and bio poyols which are commonly used. These products are used in series of applications such as adhesives,
Global Polyol Sweetener Sales Market Report 2017
Qyresearchreports include new market research report "Global Polyol Sweetener Sales Market Report 2017" to its huge collection of research reports. Polyol Sweetener is a comprehensive analysis of the global Polyol Sweetener and includes in-depth insights into key dynamics, current and emerging trends, and competitive landscape. The research is based on analysis of vast volumes of data from several secondary and primary research and mirrors the inputs of numerous industry leaders. The
Polyol Sweeteners Market Size 2017-Report 2022
Polyol Sweeteners Market research 2017-2022 by Service spreads across 136 pages profiling 12 companies and supported with 70 tables and 37 figures available at rnrmarketresearch.com Get Sample Copy Here @ https://goo.gl/nkws2h “The polyol sweeteners market is projected to grow at a CAGR of 5.9%” The polyol sweeteners market is projected to reach USD 3.30 billion by 2022at a CAGR of 5.9% from 2017. The market is driven by factors such as
Global Green Polyol & Bio Polyol Market Expected to Observe Major Growth by 2021
Green polyol & bio polyol are important raw materials used in the production of polyurethane, thermoplastic elastomers, coatings, adhesives, sealants, and artificial leather. Some of the factors driving the global green polyol & bio polyol market are implementation of strict environmental norms by various governments, and favorable regulations which encourage manufacturers to increase the green polyol & bio polyol content in their products. Request for Sample Report: http://www.persistencemarketresearch.com/samples/4124 On the basis of