Global Aromatic Polyester Polyols Market growing at a CAGR of 5.3% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the aromatic polyester polyols market is predicted to grow at a compound annual growth rate of 5.3% from 2023 to 2031 and is expected to reach USD 1,909.46 million in 2031 and 1,262.22 million in 2023 which was valued at USD 1,204.15 million in 2022.
The report highlights the increasing demand from the packaging industry is driving the market, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Aromatic polyester polyols market.
Global Aromatic Polyester Polyols Market By Overview
The aromatic polyester polyols market is bifurcated into the type, application, and end-user industry. Based on the type, the market is segmented into based on PET, based on Pthalic Anhydride, and others. In 2022, the polymer grade segment dominate the overall aromatic polyester polyols market. Based on the application, the market is segmented into flexible foam, rigid foam, coatings, adhesives & sealants, elastomers, and others. In 2022, the rigid foam segment dominate the overall aromatic polyester polyols market. Based on end-user industry, the market is segmented into furniture & bedding, automotive, building and construction, packaging, textile, and others. In 2022, the building and construction segment dominate the overall aromatic polyester polyols market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand from the packaging industry is driving the market.
- Increasing demand for PU foam in the automotive industry is propelling the market growth.
Restraints:
- High raw material cost is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Based on PET, Based on Pthalic Anhydride, and Others |
| By Application | Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, and Others |
| By End-user Industry | Furniture & Bedding, Automotive, Building and Construction, Packaging, Textile, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Stepan Company, BASF SE, Purinova SP, and Synthesia Technology Group which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the aromatic polyester polyols market is expected to witness substantial growth in the coming years due to in Increasing demand for efficient thermal insulation material in buildings and construction applications in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Stepan Company
- BASF SE
- Purinova SP
- Synthesia Technology Group
- Emery Oleochemicals
- Huntsman International LLC
- Coim Group
- XUCHUAN CHEMICAL(SUZHOU) CO., LTD
- Arkema
- Evonik Industries AG