Polycarbonate Diols Market is Forecasted to Reach US$ 357.52 Million in 2028, Says Stratview Research

The global polycarbonate diols market is projected to witness a growth rate of 5.66% annually from 2023 to 2028, with an anticipated size of US$ 357.52 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polycarbonate diols market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1337/polycarbonate-diols-market.html#form

Report Highlights:
Market Size in 2028: US$ 357.52 million
Growth (CAGR): 5.66% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polycarbonate Diols Market:

The global polycarbonate diols market is segmented based on molecular weight type, form type, application type, and region.

Based on molecular weight type - The market is segmented as below 1,000 G/Mol, 1,000 G/Mol-2,000 G/Mol, and 2,000 G/Mol & above. The 1,000 G/Mol-2,000 G/Mol segment held the largest share of the market in 2022 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 that is expected to drive the growth of the segment during the forecast period.

Based on form type - The market is segmented as solid and liquid. Solid polycarbonate diols are expected to remain the fastest-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 temperatures, 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 the increasing demand for waterborne paints & coatings in the automotive, furniture, and textiles, and other markets, which is fueling the growth of the segment.

Based on 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 the synthetic leather industry is based on various factors, such as the supply of raw materials, growing environmental concerns, animal protection, and changes in consumer demand. This type of polyurethane synthetic leather offers superior physicochemical properties and is closer to natural leather, which has increased the demand for high-quality functional polyurethane from artificial leather manufacturers across the globe.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1337/polycarbonate-diols-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the largest market for polycarbonate diols during the forecast period. This growth outlook is majorly attributed to the following-

• The growth of the region's market is driven by the shifting of manufacturing bases from developed economies to developing countries, owing to low cost of production and lenient regulation in the Asia-Pacific region.
• The growth in the 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.

Polycarbonate Diols Market Drivers:

Some of the key drivers listed in the report are given below.
• 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 a 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.

Top Companies in the Polycarbonate Diols Market:

Stratview Research has identified the following companies as the top market players.
• Asahi Kasei Corporation
• Chemwill Asia Co. Ltd.
• Mitsubishi Chemical Corporation
• Perstorp Group
• Tosoh Corporation
• UBE Industries, Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polycarbonate Diols Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Waterborne Polyurethane Market: https://www.stratviewresearch.com/3628/waterborne-polyurethane-market.html
• Polycarbonate Market: https://www.stratviewresearch.com/1130/polycarbonate-market.html

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This release was published on openPR.