The study provides a comprehensive view of the Graft Polyols Market by dividing it into regional segments

Graft polyols contain fine particles of polymers dispersed in polyether polyol medium. Most commonly, styrene acrylonitrile (SAN) copolymers are grafted on polypropylene glycol or polyethylene glycol medium. Graft polyols are primarily used in the manufacture of flexible polyurethane foams. The major function of graft polyols is to increase the load-bearing capacity of polyurethane foams. Usage of graft polyols improves several mechanical properties of polyurethane foams such as tear strength, tensile strength, viscosity, and density. Furthermore, graft polyols enhance the resilience of foams.

Unsaturated monomers and polyether polyols are key raw materials used in the production of graft polyols. Styrene and acrylonitrile are commonly used as monomers, whereas polypropylene glycol or polyethylene glycol is used as polyether polyols. Styrene and acrylonitrile are copolymerized via the free radical or step addition process. Polyether polyols are prepared from polymerization of propylene oxide or ethylene oxide. The resulting styrene acrylonitrile (SAN) copolymer is then grafted to the polyether polyol backbone, thus producing stable dispersion of graft polyols.

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Graft polyols have principal usage in the manufacture of flexible and high resilient polyurethane foams. Polyurethane foams prepared from graft polyols are widely used in numerous end-user industries owing to their superior resilience and load-bearing properties. Graft polyols based foams are employed in the manufacture of carpets, cushions, furniture seating, mattress, beds, rugs, protective packaging, automotive seating, and automotive interiors. Key end-user industries that consume graft polyols based polyurethane foams include furniture, automotive, and packaging. Industrial use of graft polyols in flexible foams is gaining popularity as they offer excellent comfort, durability, and toughness.

Steady growth in the flexible polyurethane foams market drives significant demand for graft polyols. In addition to improved load-bearing capacities, graft polyols enhance numerous functional properties of polyurethane foam such as resilience, cell opening, mechanical strength, solid content, and color retention. Rising demand for high comfort and luxurious seating system from furniture and automotive industries is projected to boost the flexible polyurethane foams market. This, in turn, is likely to generate substantial demand for graft polyols in the flexible foams market during the forecast period. However, instability in prices of raw materials is anticipated to hinder the market growth during the forecast period. Key raw materials required in the production of graft polyols are obtained as crude oil derivatives. Therefore, volatility in crude oil prices has considerable impact on raw material prices. This, in turn, hampers growth of the graft polyols market. However, usage of natural oils such as castor oil is anticipated to open up lucrative avenues in the graft polyols market in the next few years. Consumption of natural oil based graft polyols are increasing in mattresses, cushions, and wheelchairs used in healthcare sectors. This is expected to create attractive opportunities in the graft polyols market during the forecast period.

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In terms of volume, Asia Pacific dominated the global graft polyols market in 2014. The region is projected to exhibit the fastest-growth rate in the graft polyols market during the forecast period. Growing purchasing parity coupled with economic development has driven automotive and furniture industries in developing countries of Asia Pacific in the past few years. As a result, demand for graft polyols has increased considerably in Asia Pacific in the past few years. The region is expected to witness a similar growing trend during the forecast period. Europe accounted for the second-largest share of the global graft polyols market in 2014. Germany, Italy, and the U.K. were major consumers of graft polyols in Europe in 2014. Middle East & Africa is expected to be the emerging market for graft polyols, exhibiting a fast-paced growth rate during the forecast period.

Key manufacturers of graft polyols include BASF SE, China Petroleum & Chemical Corporation (Sinopec Limited), Oltchim S.A., Jilin Shenhua Group Co., Ltd., Royal Dutch Shell plc, and The Dow Chemical Company.

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