Polyester Polyol Market Rising With Immense Development Trends Across The Globe by 2025 : Researchmoz

According to the report, the global polyester polyol is expected to witness a CAGR of 5.3% from 2017 to 2027. The market was valued at US$ 7,788.7 Mn in 2017 and is projected to rise to a valuation of US$ 11,963.6 Mn by the end of 2025.

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At present, there have been developments for the production of aromatic polyester polyols (APPs) from PET industrial wastes. This has been an important trend driven by the fact that in 2013, China declared that it would no longer be accepting poor qualities of recyclable waste from foreign exporters. This has resulted in a focused procedural development of recycling polyethylene terephthalate (PET) bottles to manufacture aromatic polyester polyols.

In the manufacturing procedure, some renewable resources, such as oils or modified oils, could also be introduced into the process before PET is added to adjust properties of the APP, for instance, for the improvement of solubility of pentane or chlorinated hydrocarbons. Also, for any PET manufacturer, the performance of such a procedure would be advantageous, both with respect to waste deployment as well as upsurge in profits from a side stream. PET recycling offers highest possible profit margins as well. The APP produced from this procedure leads to high performance polyurethanes with outstanding properties. Furthermore, the APPs are produced very economically, especially when using in-house wastes of the PET production.

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in green chemistry. Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

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List of factors tracked in the Chemicals and Materials Market Report

Chemical Industry Value Add
Chemical Sales
Per Capita Consumption
Standard Capacity Factors
Plastics Consumption Outlook
Glass Consumption Outlook
Policies and Regulations
Historical growth of top players
Growth in associated markets
Net trade scenario
Apparent production capacity
Research Methodology

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