Growing usage synthetic leather-based products and innovation in the technologies is contributing significantly for market growth.
The study covers the current market status and future characteristics, both at the global and national level. In addition, with Porter's analysis of five strengths, the study also assesses market rivalry and positions leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Adroit Market Research report on the global polycarbonate diols market gives the industry a holistic view of the forecast period from 2020 to 2028, including factors such as market dynamics, constraints, opportunities, challenges and regulatory overview. From 2018 to 2028, the demand was evaluated, with a base year forecast for 2019 and a prediction for 2020 to 2028.
The market is anticipated to grow USD 256.1 million by 2024, at a CAGR of 5.2% during the forecast period. Solid polycarbonate diols impart high resistance to hydrolysis, oxidation, stain, and wear in polyurethane products as compared to polyether and polyester polyols. At low temperatures, solid polycarbonate diols offer optimum performance, strength, high thermal stability, and excellent mechanical properties, among others.
The growing demand for solid polycarbonate is mainly due to the increasing demand in the automotive, furniture, and textile sectors for high-performance synthetic leathers and the increasing demand for waterborne paints & coatings, among others. Over the forecast period, the availability of a large range of solid products with varying molecular weights and their suitability for many end-use applications helps to sustain their ascendancy. The growth of the synthetic leather industry has been affected by the availability of raw materials, increasing environmental issues, the conservation of animals and changes in market demand. Therefore, a big change in the demand from natural to synthetic leather is being observed around the world. PU synthetic leather has superior physico-chemical properties and, in terms of handling, texture, and appearance, is similar to natural leather. This rise in the production of products based on synthetic leather has contributed to a rising demand for high-quality, practical polyurethane from manufacturers of artificial leather, which is constantly growing across the globe.
Manufacturing bases have been shifted from developed economies to emerging regions following the global recession in 2008. APAC proved to be a promising market for the worldwide business transition, owing to the low cost of production and lenient regulation. Since then, the APAC industrial sector has enjoyed healthy output growth. This rise in the industrial sector helps boost demand in the polyurethane industry, which in turn further promotes the growth of the market for polycarbonate diols.
Key Segments of the Global Polycarbonate Diols Form Market
Form Overview, 2018-2028 (USD Million) (Kilo Tons)
- Solid
- Liquid
Application 2018-2028 (USD Million) (Kilo Tons)
- Synthetic Leathers
- Paints and Coatings
- Adhesives and Sealants
- Elastomers
Regional Overview, 2018-2028 (USD Million) (Kilo Tons)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Regional Overview, 2018-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America