The Asia Pacific is among the industry’s leading regions. The rising automotive market is expected to remain a main factor in driving the regional market together with increased polymer consumption. In the forecast period, the Asia Pacific will also register the fastest growth. The other major consumer of the product is Europe, led by Germany, the United Kingdom, and France. The rising demand for energy-efficient insulation in low-income households, together with favourable government regulatory aid, is predicted to boost Europe’s polyol production. All these factors are likely to boost the global polyols market.

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The existence of various automobile manufacturers, along with the rising building and construction industries in Latin America, are expected to drive the industry and propel the substantial growth of the polyols industry. Throughout the region, car manufacturers are extremely competitive and use polyurethane materials to decrease manufacturing costs.

Properties and Applications

Polyols are used in polymer chemistry to generate isocyanate reaction polyurethane, primarily used to manufacture polyurethane foam coatings, adhesives and sealants, elastomers, among others. As a consequence of the increased demand for polyurethane in multiple end-users, including the automotive, construction, electronics, furnishing as well as footwear, the global polyol market is witnessing significant growth. Polymeric polyols respond to polyurethanes that are used to produce mattresses, cooling and freezer foam insulation, car and domestic seats, elastomeric shoe soils, fibre (e.g. SPANDEX), as well as adhesives.

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The types of the product can be divided into the following:

• Polyether Polyols
• Polyester Polyols

It finds wide applications in the following:

• Flexible Polyurethane Foam 
• Rigid Polyurethane Foam 
• CASE (Coatings, Adhesives, Sealants & Elastomers)

By industry, the polyols market can be segmented into:

• Carpet Backing
• Packaging
• Furniture
• Automotive
• Building and Construction
• Electronics
• Footwear
• Others

The regions included in the global polyols market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Declaration:The article is quoted from PU DAILY

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