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Polycarbonate Diols Market Report
Polycarbonate Diols Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
The Polycarbonate Diols Market is Segmented by Molecular weight Type (Below 1,000 G/Mol, 1,000 G/Mol-Below 2,000 G/Mol, and 2,000 G/Mol & Above), by Form Type (Solid, Liquid), by Application Type (Synthetic Leather, Paints & Coatings, Adhesives & Sealants, Elastomers, and Others), and by Region ...
Polycarbonate Diols market is likely to witness an impressive CAGR of 5.5% during the forecast period. The major factor that is immensely contributing to the demand for polycarbonate diols is the drastic shift from solvent-based towards water-based polyurethane materials over the past few years. Water-based polyurethane is made up of traditional polyols, which contain hydrophilic group; it directly affects water-based polyurethane. Polycarbonate diols are majorly used in the production of waterborne polyurethane materials, which is likely to drive the market during the forecast period.
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Polycarbonate Diols Market - Snapshot |
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Growth |
5.5% for the next five years |
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Major Molecular Weight Type |
1,000 G/Mol-2,000 G/Mol |
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Dominant Application Type |
Synthetic Leather |
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Fastest-Growing Form Type |
Solid |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
UBE Industries, Ltd., Mitsubishi Chemical Corporation, Asahi Kasei Corporation, Covestro AG, Tosoh Corporation, Daicel Corporation, Perstrop Group, Saudi Arabian Oil Company, GRR Fine Chem Pvt. Ltd. ,and Chemwill Asia Co. Ltd. |
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Based on the molecular weight type, the market is segmented as below 1,000 G/Mol, 1,000 G/Mol-below 2,000 G/Mol, and 2,000 G/Mol & above. The 1,000 G/Mol-below 2,000 G/Mol segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. These polycarbonate diols possess various properties such as hydrolytic stability against acids, bases, corrosive solvents, and other toxic chemicals, because of which, they are majorly used in synthetic leather applications in the automotive industry. This is the prime factor which is expected to drive the growth of the segment during the forecast period.
Based on the application type, the market is segmented as synthetic leather, paints & coatings, adhesives & sealants, elastomers, and others. The synthetic leather segment is expected to remain the most-dominant as well as fastest-growing market, due to the gradual shift of the market from natural towards synthetic leather. The development of synthetic leather industry is based on various factors, such as supply of raw materials, growing environmental concerns, animal protection, and changes in the consumer demand. This type of polyurethane synthetic leather offers superior physico-chemical properties and is closer to natural leather, which has increased the demand for high-quality functional polyurethane from artificial leather manufacturers across the globe.
Based on the form type, the market is segmented as solid and liquid. Solid polycarbonate diols are expected to remain the faster-growing segment during the forecast period. Various factors responsible for the increasing demand for this segment are high resistance to hydrolysis, oxidation, stain, and wear in polyurethane products. At low temperature, these diols offer optimum performance, strength, high thermal stability and excellent mechanical properties. The increasing demand for solid polycarbonate diols is based on the demand for high-performance synthetic leather and increasing demand for waterborne paints & coatings in the automotive, furniture, and textiles, and others in the market, which is fueling the growth of the segment.
In terms of regions, Asia-Pacific is estimated to be the largest market for polycarbonate diols during the forecast period. The growth of the region’s market is driven by the shifting of manufacturing bases from developed economies to the developing countries, owing to low cost of production and lenient regulation in the Asia-Pacific region. The growth in industrial sector is further driving the demand for polyurethane, which is bolstering the market for polycarbonate diols in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Polycarbonate diols are premium polyester polyols as compared to conventional polyester polyols. They possess various properties, such as high hydrolytic stability, impact resistance, hardness, and chemical resistance.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Polycarbonate Diols Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The polycarbonate diols market is segmented into the following categories.
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Some of the major players in the polycarbonate diols market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Polycarbonate diols market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.
Asahi Kasei Corporation, Chemwill Asia Co. Ltd., Mitsubishi Chemical Corporation, Perstorp Group, Tosoh Corporation, and UBE Industries, Ltd are among the key players in the polycarbonate diols market.
Asia-pacific is expected to be the largest polycarbonate diols market during the next five years.
The synthetic leather segment is expected to remain the most dominant application type in the polycarbonate diols market in the coming years.
The 1,000 G/Mol-below 2,000 G/Mol segment is expected to remain dominant in the polycarbonate diols market in the coming years.
Solid polycarbonate diols are expected to remain the faster-growing segment in the polycarbonate diols market in the coming years.
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