The key competitors of this market include UBE Industries, Ltd. (Japan), Asahi Kasei Corporation (Japan), Covestro AG (Germany), Cromogenia Units S. A (Spain), Daicel Corporation (Japan), Kuraray Co., Ltd. (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Caffaro Industrie Spa (Italy), Perstorp Group (Sweden), Saudi Arabian Oil Company (Saudi Arabia), Sumitomo Bakelite Co., Ltd. (Japan), Tosoh Corporation (Japan).

Wilmington, February 2020: Axiom Market Research & Consulting™ added a report on global polycarbonate diols market which includes study on form, molecular weight, and application across various countries of key regions around the world. The global polycarbonate diols market was projected to grow at a CAGR of 5.35% for the forecast period 2019 to 2026. The global market is estimated and forecasted in terms of revenue (USD million) generated by the polycarbonate diols market.  

The report analyses the global polycarbonate diols industry based on form, molecular weight, application and geography. Various forms included in the report are liquid and solid. Whereas, different molecular weight considered in the market are classified as below 1,000, 1,000 to 2,000 and 2,000 & above. These polycarbonate diols are used in different applications consisting adhesives & sealants, elastomers, paints & coatings, synthetic leather and others. The global polycarbonate diols market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the world. 

Growing demand for high-performance PU products in the automotive industry to boost the market growth

The steady growth of the end-use industries and manufacturing sector is propelling the demand of polycarbonate diol in Asia-Pacific region. Additionally, China and India would grow the fastest in this region as a result of a huge automotive manufacturing, increasingly favorable regulatory environment and the low cost of production & lenient regulation. Other regions such as Europe and countries such as the U.S. could also considerably contribute toward the growth of the global polycarbonate diols market while riding on their flourishing aerospace & automotive industry.

The solid segment accounted for the largest market share in global polycarbonate diols market in 2019

As compared to liquid, the solid polycarbonate diols impart high resistance to hydrolysis, oxidation, stain, and wear in polyurethane products. Optimum performance, strength, high thermal stability, and excellent mechanical properties, among others, are been obtained by the solid polycarbonate diols at a low temperature.

The 1,000 to 2,000 segment dominated the global polycarbonate diols market, by molecular weight in 2019

These polyols have relatively low viscosity as compared to 2,000 g/mol & above. These polycarbonate diols offer excellent hydrolytic stability against acids, bases, corrosive solvents, and other toxic chemicals.

The synthetic leather segment is the largest application of polycarbonate diols market

The development of the synthetic leather industry has been affected by the supply of raw materials, growing environmental concern, animal protection, and changes in consumer demand. Thereby, a significant shift in the market from natural towards synthetic leather is being witnessed across the globe. Increasing use of synthetic leather in automotive, textiles, footwear, and bags, among other applications, will drive market growth.

The Asia Pacific region accounted for the largest market for global Polycarbonate Diols industry in 2019

Asia Pacific dominated the global polycarbonate diols market owing to increasing production in developing countries, increasing applications in various sectors, and growing government support. Additionally, the strong presence of manufacturers in this region further supports market growth.