Global Polyester Polyol Market 2019-2023 | Innovations in Polyurethane (PU) to Boost Growth | Technavio

Technavio has announced its latest market research report titled global polyester polyol market 2019-2023 (Graphic: Business Wire)

LONDON--()--The global polyester polyol market size is poised to grow at a CAGR of about 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

PU foam is extensively used in several end-user industry verticals, such as automotive, construction, and paints and coatings. PU foams are widely used in the production of automotive components such as wiper cowls, side skirts, bumpers, roll pans, and also interior components of cars including seats, armrests, headrests, dashboards, roof liners, and instrumental panels. PU foams are also used in the construction industry to form a layer of insulation, and it provides weatherproof sealants as well as helps cover irregular shapes. As polyester polyol is one of the key ingredients used to manufacture PU foams, the surging demand for PU foams from the automotive and construction industry will fuel the growth of the polyester polyol market.

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As per Technavio, innovations in polyurethane (PU) will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Polyester Polyol Market: Innovations in Polyurethane (PU)

Research firms and other companies are constantly developing new forms of PU foams, including photo cross-linkable PU, to cater to the high demand for PU foams in several applications. Some innovations in PU include the patent issued by KURARAY through its investors for highly durable polyester polyols. The patent states that PU can be used in paints, adhesives, coatings, elastomers, artificial/synthetic leather, foams, and resins cured by activation energy rays. Therefore, innovations in PU will drive the demand for polyester polyols during the forecast period.

“Other factors such as the increasing demand for bio-based polyols, and the expansion of plant capacities will have a significant impact on the growth of the polyester polyol market value during the forecast period,” says a senior analyst at Technavio.

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Polyester Polyol Market: Segmentation Analysis

This market research report segments the polyester polyol market by type (aliphatic polyester polyols, and aromatic polyester polyols), application (C.A.S.E., flexible foam, rigid foam, and spray foam) and region (APAC, Europe, North America, and ROW).

The APAC held the largest share of the market in 2018, followed by Europe, North America, and ROW respectively. The APAC region is expected to maintain its dominance over the market with the highest incremental growth during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global polyester polyol market size is poised to grow at a CAGR of about 6% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com