World Polyol Market - Opportunities and Forecast, 2014 - 2022 - Research and Markets
Research and Markets has announced the addition of the "World
Polyol Market - Opportunities and Forecast, 2014 - 2022" report
to their offering.
The global polyol market is witnessing steady growth due to the rising
demand of polyurethane across various end-user industries, such as
construction, automotive, electronics, furniture & interiors, packaging,
footwear, and others. Asia Pacific region offers lucrative opportunities
for the polyol market, which is led by rapid industrialization and high
growth in construction and automotive industries of Southeast Asian
countries. This is evident from BASF Indias strategy, which featured the
establishment of polyurethane manufacturing and production facilities in
Gujrat, India, in 2014. However, the Kanas district of court has filed a
lawsuit against major polyol manufacturers including The Dow Chemical
Company, by claiming the price fixation conspiracy of various urethane
chemical products, including polyether polymer.
Moreover, the price volatility of crude oil in the global market creates
a demand-supply gap in the polyol market. Therefore, numerous
manufacturers are stepping into the production of bio-based polyols from
feedstock such as corn, soya, rapeseed, castor, canola, palm, etc. The
Mitsui-SKC joint venture will facilitate the operations of the bio-based
polyols manufacturing facility in Gujarat, of Vithal Castor Polyols Pvt
Ltd.
The global polyols market is segmented on the basis of type,
application, end-user and geography. In terms of type, the market is
segmented into Polyether Polyol and Polyester Polyol. Based on
applications, the market is segmented into polyurethane rigid foam,
polyurethane flexible foam, CASE (coating, adhesive, sealant and
elastomer) and others. On the basis of end-user industry, the market is
segmented into construction, transportation, furniture, packaging,
carpet backing and others. Geographically, the market is segmented
across Europe, North America, Asia Pacific and LAMEA. Major Asian
countries like India, China, Japan, and Malaysia are the emerging and
most promising markets for polyols.
The key players of the market include: Royal Dutch Shell PLC, Dow
Chemicals, BASF SE, Cargill Inc., Mitsui Chemicals, Bayer Material
Science, Chemtura Corporation and Novomer Inc., COIM S.P.A. etc.
These companies are adopting product launch as one of the key strategies
to maintain their competitiveness in the global market.
For instance, in May 2014, Novomer Inc. launched the Converge Polyols
for broader use in the polyurethanes industry. This polyurethane
formulations can be used in various applications including adhesive,
coatings, sealants, elastomers, and rigid and flexible foams.
For more information visit http://www.researchandmarkets.com/research/zw55sc/world_polyol
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