Press release
Polyols Market progress rapidly due to growing demand for flexible polyurethane foam in the furniture and bedding industries
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Polyols are a class of molecules that contain multiple hydroxyl groups. They are used in a variety of applications including food, cosmetics, and pharmaceuticals. Polyols can be derived from natural sources or synthesized from other chemicals. Common examples of polyols include sorbitol, xylitol, and glycerol.
Key Trends
There are several key trends in Polyols technology.
One is the development of more efficient production processes. This has led to the development of new catalysts and reaction conditions that can produce Polyols more efficiently.
Additionally, new methods for the purification and characterization of Polyols have been developed. These methods allow for a more accurate determination of the structure and properties of Polyols.
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Key Drivers
The key drivers of the Polyols market are the growing demand for flexible polyurethane foam in the furniture and bedding industries, and the increasing use of polyurethane in the automotive industry.
Flexible polyurethane foam is used in a variety of applications, including furniture, bedding, and automotive seats. The furniture industry is the largest market for flexible polyurethane foam, accounting for more than 40% of total demand.
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Market Segments
The polyols market is segmented by type, application, end-user, and region. By type, the market is classified into polyether, and polyester. Based on application, it is bifurcated into flexible polyurethane foam, rigid polyurethane foam, and others. On the basis of the end-user, it is divided into the carpet backing, packaging, furniture, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global polyols market includes players such as Ecogreen Oleochemicals GmbH, Archer Daniels Midland, Mitsubishi- Kagaku Foods, Jungbunzlauer Suisse AG, American International Foods, Cargill Inc., BASF SE, Covestro AG, Royal Dutch Shell Plc, The Dow Chemical Company, and others.
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