Press release
Copolymer Polyols Market is Expected to Reach US$ 3,511.0 Million by 2033
Copolymer Polyols Market
The copolymer polyols market is expected to grow steadily over the next few years due to increasing demand from various end-use industries such as construction, automotive, and packaging. Copolymer polyols serve as essential raw materials for producing polyurethane foam, which is extensively utilized in these industries.
In the automotive sector, copolymer polyols are used to produce lightweight polyurethane foam products for parts such as seat cushions, headrests, and armrests. The growing demand for lightweight materials in the automotive industry is expected to drive the expansion of the copolymer polyols market.
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Copolymer polyols are utilized in producing insulation materials widely used in the construction industry for thermal insulation and energy conservation. The growing demand for energy-efficient buildings is expected to drive the growth of the copolymer polyols market within the construction sector.
Key Takeaways from Market Study
The global copolymer polyols market is projected to grow at a CAGR of 6.0%, reaching USD 3,511.0 million by 2033.
From 2018 to 2022, the market experienced a historical CAGR of 5.5%.
Among the types, blended copolymer polyols dominate the market, holding a 96.7% market share.
East Asia is expected to grow at a CAGR of 7.7% during the forecast period.
Prominent manufacturers in the copolymer polyols market include Dow, REPSOL SA, BASF SE (in joint venture with INEOS), Covestro AG, SABIC, Royal Dutch Shell Plc., Oltchim SA, AGX Chemicals, and KPX Chemicals.
The copolymer polyols market is anticipated to create an absolute dollar opportunity of USD 1,665.41 million between 2023 and 2033.
"Growing Construction Activities and Rising Demand for Polyurethane Foam Products is Likely to Drive the Copolymer Polyols Market" says a Fact.MR analyst.
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Market Development
Market players are focusing on expanding their operations in the Asia-Pacific region by establishing new facilities to meet the increasing demand for versatile polyurethane chemistry from key markets. With a growing emphasis on sustainability and environmentally friendly products, manufacturers are shifting towards bio-based copolymer polyols. To accommodate the rising needs of various end users, companies are enhancing their production capacities.
For instance, in 2021, Covestro, a leading manufacturer of copolymer polyols, announced a USD 1.7 billion investment to build a new methylene diphenyl diisocyanate (MDI) plant in Baytown, Texas. MDI is a crucial ingredient in the production of copolymer polyols, and this new plant is expected to fulfill the growing demand for these materials in the U.S. and internationally.
Key Companies Profiled
Dow
BASF SE (In Joint Venture with INEOS)
Covestro AG
SABIC
Royal Dutch Shell Plc.
Oltchim SA
AGX Chemicals
KPX Chemicals
Segmentation of Copolymer Polyols Industry Research
By Type:
Blended
10%
15%
20%
25%
30%-40%
Graft Polyols (40% and above)
By Application:
Slabstock PU Foams Production
Furniture & Bedding Foams
Carpet Underlaying
Packaging Foams
Molded PU Foams Production
Automotive Seating
Energy-absorbing padding
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/copolymer-polyols-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the copolymer polyols market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (blended (10%, 15%, 20%, 25%, 30%-40%), graft polyols (40% and above)), and application (slabstock PU foams production (furniture & bedding foams, carpet underlaying, packaging foams), molded PU foams production (automotive seating, energy-absorbing padding)) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, Middle East & Africa).
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