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MarketsandMarkets Identifies Asia Pacific as the Biggest Market for Polyols

Published on 2015-01-01. Author : SpecialChem

The report "Polyols Market by Product Type (Polyester, Polyether) by Applications (Rigid Foam, Flexible Foam, CASE), and by Region - Trends & Forecasts to 2019", defines and segments the global polyols market with analysis and forecast of the market size by value and volume. It also identifies driving and restraining factors for the global polyols market with the analysis of trends, opportunities, burning issues, winning imperatives and challenges. The market is segmented and values are forecast for key regions such as North America, Europe, Asia-Pacific and Rest of the World (Row). The key countries are covered and forecast for each region. Further, the market is segmented and values are forecast on the basis of different types of applications and types.

Asia-Pacific: Biggest Market of Polyols
Asia-Pacific is currently the largest market of Polyols. China is the largest consumer of polyols in this region. Rapidly growing population, government regulations to increase construction activities, growth in automotive industry, and increasing demand of textile and furniture are the favorable market forces for growth of polyols in this region. These factors are attracting the market players for expanding their businesses in Asia-Pacific region. The market for polyols is expected to reach $12,210.30 million by 2019 in Asia-Pacific region.

Polyurethane (Flexible Foam): Biggest segment of polyols
Polyurethane (Flexible Foam) is currently, the largest consumer of polyols. The polyurethane flexible foam is used in number of applications such as textiles and fibers, auto motive industry, construction industry and furniture, carpet cushion, bedding, and packaging. The polyurethane flexible foams provide durability and comfort, energy absorption and also support and comfort. Its consumption is expected to reach $12,782.84 million by 2019. Asia-Pacific is currently the largest consumer of polyurethane (flexible foams).the market size in terms of value, for polyurethane (flexible foam) is expected to grow at a CAGR of 10.30% from 2014 to 2019. India is the fastest growing market for polyurethane (flexible foam), registering a CAGR of 12.66% from 2014 to 2019.

Polyurethane (Rigid Foam): fastest growing segment of Polyols
The polyurethane (rigid foam) is currently the fastest growing segment of polyols .The market for polyurethane (rigid foam) is expected to grow at a CAGR of 9.00% from 2014 to 2019. Polyurethane (rigid foam) is mainly used for insulation purpose in buildings. Polyurethane rigid foams reduce the energy transfer, resist moisture and also increase energy efficiency of buildings. The mechanical strength of these foams is highly compressive and its shear strength allows low-density insulating cores to be faced with relatively thin steel or aluminum. The rigid foams are easy to transport due to their lighter weight.

BASF SE (Germany), Bayer AG (Germany), Cargill Inc. (U.S.), Stepan Company (U.S.), Chemtura Corporation (U.S.), Royal Dutch Shell Plc (The Netherlands), Dow Chemical Company (U.S.), Lonza group (Switzerland), and Mitsui Chemicals (Tokyo) are some of the major polyols manufacturers in the world. Manufacturers such as Cargill, Emery and Mitsui have distinguished themselves from other manufacturers by developing capacities for bio based polyols. These polyols blended with petrochemical based polyols are gaining wide acceptance in major markets across the world.

About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. The company specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in its reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets 

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