Deerfield Beach, FL, Feb. 18, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Polyols (Polyester and Polyether) Market for Rigid Foam, Flexible Foam, Coating, Adhesives, Sealants and Elastomers Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global polyols market was valued at approximately USD 18.0 billion in 2014 and is expected to reach approximately USD 29.5 billion by 2020, growing at a CAGR of slightly above 8.5% between 2015 and 2020.
Polyols can be classified into two types such as polyether polyols and polyester polyols. Polyether polyols can be manufactured by ethoxylation or propoxylation of a polyhydric alcohol in the presence of a catalyst. Polyether polyols are derived through anionic ring opening addition polymerization of ethylene oxide or propylene oxide. Polyurethane foams (PU) such as rigid PU foam, flexible PU foam, semi rigid foam, molded foam, etc. are some of the major application market for polyols. Coatings, adhesives, sealants, and elastomers (CASE), etc. are some of the other application markets for polyol. Construction, automotive, footwear, electrical & electronics are among the major end user industries of polyol.
Browse the full "Polyols (Polyester and Polyether) Market for Rigid Foam, Flexible Foam, Coating, Adhesives, Sealants and Elastomers Applications - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/polyols-market-z47430
Polyols market is mainly driven by increasing demand from construction, and automotive industries in developing countries and simultaneously increasing demand of variety of polyols products such as polyester, polyether. Rise in demand for polyols products from such as polyester, polyether is mainly due to the huge demand from growth in end-user industries. Additionally, rising awareness about bedding and mattresses, predominantly in developing region like Asia Pacific is also expected to surge demand for polyols in the years to come. The rising individual income of the population demands for products such as chewing gums, candies, ice cream, baked goods etc., in which polyols are used, this factor boost the polyols market.
Polyester and polyether are the key product types of polyols market. Polyether polyols accounted for the largest share of global polyols market in 2014, in terms of volume. This product segment is expected to maintain its leading position during the forecast period. Polyester polyols is expected to exhibit significant growth rate over the forecast period.
Browse 55 Market Tables and 15 Figures spread through 70 Pages and an in-depth TOC on “Polyols Market Market - Global Industry Analysis, Size, Shares, Trends, Segment & Forecast to 2020”
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Based on application, the polyols market has been segmented into rigid foam, flexible foam and CASE. Flexible foam (polyurethane) was the largest application segment of the polyols market in 2014. Polyols are extensively used in number of industries such as textiles and fibers, auto motive industry, construction industry and furniture, carpet cushion, bedding and packaging, due to which the demand of polyols increases continuously. This helps to grow the polyols market.
The polyurethane (rigid foam) is one of the fastest growing segment of polyols market. This is the second-largest application segment of the polyols market. This growth can be attributed to rising demand of elastomers, adhesives and sealants.
Asia Pacific was a dominant regional market for polyols in 2014. Growth in the region is ascribed to rising demand from developing countries like India. Demand for polyols in the Asia Pacific is estimated to be primarily driven by groeth in economies in Asia Pacific. China is the leading consumer of polyols in this region. Europe, Latin America and Middle East & Africa are also expected to experience significant growth of polyols market in the years to come.
Some of the key players BASF SE, Mitsui Chemicals, Inc., Bayer AG, Chemtura Corporation, COIM S.P.A., Royal Dutch Shell PLC, Cargill Incorporated, Dow Chemicals, Emery Oleochemicals and Invista B.V.
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This report segments the global polyols market as follows:
Global Polyols Market: Product Segment Analysis
Global Polyols Market: Application Segment Analysis
- Rigid Foam
- Flexible Foam
Global Polyols Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Browse Press Release: http://www.marketresearchstore.com/news/global-polyols-market-159
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