Polyether polyols is a component made by ethylene oxide or propylene oxide with the multifunctional initiator in the presence of a catalyst. It is majorly used in polyurethane foams and manufacturing of soft or rigid polyurethanes. The polyether polyols contain ether chain and is processed through cyclic ethers or epoxides, through catalytic addition reaction. Moreover, it is a colourless and buff mucilaginous liquid, which is commonly employed to make foams and are manufactured primarily from natural or synthetic bases.
The polyether polyols market is primarily driven by development of efficient, advance technology and rising demand from polyurethane industry. Moreover, factors such as increasing demand from industrial lubricant, flourishing automotive industry coupled with aggregating demand for flexible foam, and growing demand from infrastructure industry robust the growth of the global polyether polyol market. Furthermore, the emergence of bio-based polyether polyols and its raising popularity has increased adoption of polyether polyols for application in newer industries. However, fluctuating prices and shortage of raw materials and easy availability of substitute compounds are the key restraints for global polyether polyols market
The report analyses the global polyether polyols market into application, end user and geography.
Based on application the polyether polyols market is categorized into flexible foams, rigid foams, coatings, adhesives & sealants, synthetic lubricants, elastomers and surface-active agents. Flexible foam segment accounted for a substantial market share owing to rising demand from furniture and bedding sector and automotive industry.
Furthermore, the global polyether polyols market on the basis of end user is bifurcated into automotive, construction, furniture & bedding, refrigeration, industrial and others. The automotive segment leads the global polyether polyol market due to increasing demand for flexible foams in the automotive segment and research & development by key players to launch product suitable for automotive application.
By geography, the global polyether polyols market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia Pacific dominated the global polyether polyols market and accounted for the largest share in 2018. The growing demand for polyether polyols in various applications such as insulations, cosmetics, lubrications and coatings and rapid industrialization are predicted to drive the polyether polyols market in Asia Pacific in the next couple of years.
Major companies operating in the polyether polyols market are The DOW Chemical Company, Expanded Polymer Systems Pvt Ltd, Royal Dutch Shell Plc, Bayer AG, Perstorp Orgnr, BASF SE, Huntsman International LLC, Cargill, Incorporated, Coim Group. Mergers, acquisition and new product development are the key strategies adopted by the prominent player in the market to expand their geographical presence and increase the customer base. BASF SE recently introduces a new polyether polyol product with a brand name Lupranol which is used in the production of automotive applications made of highly resilient flexible and semi-rigid polyurethane foams.
The report analyses the global polyether polyols into application, end users and geography. Based on application the polyether polyols market is categorized into flexible foams, rigid foams, coatings, adhesives & sealants, synthetic lubricants, elastomers and surface-active agents. Furthermore, the global polyether polyols market on the basis of end user is bifurcated into automotive, construction, furniture & bedding, refrigeration, industrial and others. By geography, the global polyether polyols market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia Pacific dominated the global polyether polyols market and accounted for the largest share in 2018. The growing demand for polyether polyols in various applications such as insulations, cosmetics, lubrications and coatings and rapid industrialization are predicted to drive the polyether polyols market in Asia Pacific in the next couple of years. Major companies operating in the polyether polyols market are The DOW Chemical Company, Expanded Polymer Systems Pvt Ltd, Royal Dutch Shell Plc, Bayer AG, Perstorp Orgnr, BASF SE, Huntsman International LLC, Cargill, Incorporated, Coim Group.
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