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Polycarbonate diols (PCD) are premium polyester polyols which are mainly used as a polyol component for the principal raw materials in polyurethane. It easily reacts with isocyanate compounds (e.g. MDI, TDI, IPDI, H12MDI) and generates polymers with superior characteristics. In comparison with traditional polyurethanes that are based on polyester and polyether, PCD-based polyurethanes offer many advantages including excellent heat resistance, hydrolysis resistance, oil resistance, and weather resistance.
The growth of the global polycarbonate diols market is forecasted to be propelled by the increasing demand for data storage devices, and other types of consumer electronics. Companies operating in the market could be advantaged with a high demand resting on the back of flame-retardant and heat-resistance properties of the product. These properties are expected to increase the usage of polycarbonate diols as a choice material in the manufacture of electronic gadgets. Apart from covering greenhouses, the polycarbonate diols could invite other vital applications in the construction and building sector, such as the construction of dome lights and curved or flat glazing systems. Cockpit canopies and automotive headlights also require polycarbonate diols, owing to their high-impact resistance and lightweight properties. As a result, vendors in the world polycarbonate diols market are expected to cash in on the growing demand from the aerospace and automotive sector.
Polycarbonate Diols Market Segmental Overview
By geography, the global polycarbonate diols market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. 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 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). New product launches and business expansions are the key strategies adopted by various key players to ensure their growth in the market. In November 2018, Mitsubishi Chemical’s bio-based polycarbonatediol benebiol was adopted for use in toray’s ultrasuede BX environmentally friendly non-woven material with a suede texture launched by Toray Industries, Inc.
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.
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