Polycarbonate Diols Market to Grow at a Robust Pace During 2021-2026

Stratview Research has announced a new report on the Polycarbonate Diols Market. According to the report, the market size is likely to witness an impressive CAGR of 5.5% during the forecast period. The major factor that is immensely contributing to the demand for polycarbonate diols is the drastic shift from solvent-based towards water-based polyurethane materials over the past few years. Water-based polyurethane is made up of traditional polyols, which contain hydrophilic group; it directly affects water-based polyurethane. Polycarbonate diols are majorly used in the production of waterborne polyurethane materials, which is likely to drive the market during the forecast period.

Market Segmentation
The Polycarbonate Diols Market 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).

According to the report, 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.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Polycarbonate Diols Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Polycarbonate Diols Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Polycarbonate Diols Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Polycarbonate Diols Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Polycarbonate Diols Market.

• Asahi Kasei Corporation
• Chemwill Asia Co. Ltd.
• Mitsubishi Chemical Corporation
• Perstorp Group
• Tosoh Corporation
• UBE Industries, Ltd.

Read More: https://www.stratviewresearch.com/1337/polycarbonate-diols-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.