Aliphatic Polyester Polyols Market
Aliphatic Polyester Polyols Market Forecasts to 2030 - Global Analysis By Type (Polyurethane Coatings, Polyurethane Adhesives, Polyurethane Elastomers, Polyurethane Foams, Thermoplastic Polyurethane (TPU), Synthetic Leather and Other Types), Raw Material, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2024) |
US $1.32 BN |
|
Projected Year Value (2030) |
US $2.44 BN |
|
CAGR (2024- 2030) |
10.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Aliphatic Polyester Polyols Market is accounted for $1.32 billion in 2024 and is expected to reach $2.44 billion by 2030 growing at a CAGR of 10.7% during the forecast period. The market for aliphatic polyester polyols, a specialist polymer used in the synthesis of polyurethane, is a developing sector focusing on the demand for and production of these polymers. These polyols are perfect for use in coatings, adhesives, sealants, elastomers, and foams because of their hydrolytic stability, flexibility, and resistance to UV light.
According to the Organisation International des Constructeurs d'Automobiles (OICA), global sales of passenger cars were 56.39 million in 2021, compared to 53.91 million during 2020, which stimulate the market demand.
Market Dynamics:
Driver:
Growing demand for polyurethane products
The increasing need for polyurethane products is a major driver of the aliphatic polyester polyols market. Polyurethane foams, coatings, adhesives, and elastomers are used in a wide range of applications, including construction, automotive, furniture, and consumer goods. These products are in high demand due to urbanization and population growth, as well as the growing emphasis on raising living standards. Furthermore, developments in polyurethane technology are opening up new and creative uses, like high-performance adhesives and energy-efficient insulation materials. The need for aliphatic polyester polyols, a crucial ingredient in the production of polyurethane, is rising in tandem with the market's expansion for polyurethane products.
Restraint:
Fluctuating raw material prices
Price fluctuations for raw materials provide a serious problem for the market as they adversely affect production costs and profitability. These polyols are made using a variety of petrochemical derivatives and other raw materials, the cost of which might fluctuate greatly due to geopolitical circumstances and interruptions in global supply chains. Increased production costs as a result of this volatility sometimes discourage enterprises from making new investments or capacity expansions. As a result, many end users would look for substitute materials, which would restrict the capacity of the market to grow for aliphatic polyester polyols.
Opportunity:
Increasing focus on sustainability
The growing emphasis on sustainability is a major driver in the market. Growing awareness of environmental issues has led to a demand for sustainable products from both businesses and consumers. Compared to conventional petroleum-based polyester polyols, aliphatic polyester polyols are a more environmentally responsible choice since they may be made from renewable resources like plant-based oils. The market for aliphatic polyester polyols is anticipated to increase as the demand for eco-friendly products keeps rising.
Threat:
Environmental Concerns Over Petrochemical-Based Products
The reliance of petrochemical-based goods in the Aliphatic Polyester Polyols Market on non-renewable resources, such as crude oil, raises environmental issues. The extraction, processing, and disposal phases of these items' life cycles all contribute to carbon emissions and environmental deterioration. Greenhouse gases are released during the production processes, which frequently entail energy-intensive procedures. These polyols' gradual breakdown adds to waste buildup and long-term pollution. Consequently, regulatory scrutiny is growing, especially in areas with strict environmental regulations meant to lessen reliance on fossil fuels. There are obstacles to the transition to bio-based aliphatic polyester polyols, such as increased manufacturing costs and constrained scalability.
Covid-19 Impact
The COVID-19 pandemic had a major impact on the market for aliphatic polyester polyols, upsetting supply chains and causing shortages of raw materials as a result of trade restrictions and lockdowns. There were operational halts at numerous manufacturing plants, which led to delays and lower production capacity. The market for aliphatic polyester polyols, however, increased as economies started to improve, especially in industries like construction and automotive where there was a renewed emphasis on sustainable materials. Additionally, the pandemic hastened the transition to environmentally friendly products by forcing producers to innovate and modify their products in response to shifting consumer preferences and sustainability-related legal requirements.
The polyurethane coatings segment is expected to be the largest during the forecast period
The polyurethane coatings segment is projected to account for the largest market share during the projection period. These coatings provide high gloss and color retention together with outstanding durability and resistance to abrasion and chemicals. Automotive, construction, marine, and industrial coatings are just a few of the many industries that use polyurethane coatings. The market for aliphatic polyester polyols, which are used to make high-performance coatings, is anticipated to expand in tandem with the rise in demand for these coatings.
The construction segment is expected to have the highest CAGR during the forecast period
The construction segment is projected to witness substantial growth during the projection period, due to the growing need for strong, high-performing materials is driving the market. The exceptional weatherability and UV resistance of aliphatic polyester polyols make them indispensable for the formulation of paints, adhesives, and sealants that are vital for building applications. Furthermore, the increased focus on sustainability promotes the use of environmentally friendly building materials, making aliphatic polyester polyols a popular option for developers and builders who care about the environment.
Region with largest share:
The Asia pacific region is projected to account for the largest market share during the forecast period, due to the need for sustainable building materials, such as aliphatic polyester polyols, which are crucial for coatings, adhesives, and sealants, is greatly increased by the fast urbanization and infrastructure development in nations like China and India. Government programs encouraging eco-friendly building techniques and rising environmental sustainability awareness also contributes to the market's expansion. The region's changing construction scene favours aliphatic polyester polyols due to the growing need for high-performance, long-lasting materials in a variety of applications and the trend toward green building.
Region with highest CAGR:
During the estimation period, the North America region is forecasted to record the highest growth rate, owing to the growing need for high-performance, environmentally friendly materials in sectors including packaging, building, and automobiles. The development of bio-based polyols has been accelerated by the region's emphasis on cutting carbon emissions and implementing eco-friendly products. The use of aliphatic polyester polyols in North America is further supported by advancements in production techniques and laws encouraging green chemistry, especially for applications needing durability and UV resistance.
Key players in the market
Some of the key players profiled in the Aliphatic Polyester Polyols Market include BASF SE, Covestro AG, Huntsman Corporation, Mitsubishi Chemical Corporation, Perstorp Holding AB, Evonik Industries AG, Arkema S.A., Saudi Basic Industries Corporation (SABIC), Wanhua Chemical Group Co., Ltd., Tosoh Corporation, Purac Biomaterials, UBE Industries, Ltd., Emery Oleochemicals, Croda International Plc and Ingevity Corporation.
Key Developments:
In April 2023, Evonik unveiled its next-generation aliphatic polyester polyols with improved hydrolytic stability for use in adhesives and elastomers, aiming to enhance product durability in automotive and electronics industries.
In November 2022, Perstorp introduced renewable-based polyester polyols for flexible foam applications, targeting the automotive and furniture sectors with sustainable, low-emission solutions.
In June 2022, Covestro launched bio-based aliphatic polyester polyols designed for polyurethane coatings, addressing sustainability and performance demands in construction and automotive industries.
Types Covered:
• Polyurethane Coatings
• Polyurethane Adhesives
• Polyurethane Elastomers
• Polyurethane Foams
• Thermoplastic Polyurethane (TPU)
• Synthetic Leather
• Other Types
Raw Materials Covered:
• Adipic Acid-Based
• Caprolactone-Based
• Succinic Acid-Based
• Other Raw Materials
Applications Covered:
• Foams
• Coatings
• Elastomers
• Adhesives & Sealants
• Other Applications
End Users Covered:
• Construction
• Automotive
• Furniture & Interiors
• Footwear
• Packaging
• Textiles
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aliphatic Polyester Polyols Market, By Type
5.1 Introduction
5.2 Polyurethane Coatings
5.3 Polyurethane Adhesives
5.4 Polyurethane Elastomers
5.5 Polyurethane Foams
5.6 Thermoplastic Polyurethane (TPU)
5.7 Synthetic Leather
5.8 Other Types
6 Global Aliphatic Polyester Polyols Market, By Raw Material
6.1 Introduction
6.2 Adipic Acid-Based
6.3 Caprolactone-Based
6.4 Succinic Acid-Based
6.5 Other Raw Materials
7 Global Aliphatic Polyester Polyols Market, By Application
7.1 Introduction
7.2 Foams
7.3 Coatings
7.4 Elastomers
7.5 Adhesives & Sealants
7.6 Other Applications
8 Global Aliphatic Polyester Polyols Market, By End User
8.1 Introduction
8.2 Construction
8.3 Automotive
8.4 Furniture & Interiors
8.5 Footwear
8.6 Packaging
8.7 Textiles
8.8 Other End Users
9 Global Aliphatic Polyester Polyols Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 Covestro AG
11.3 Huntsman Corporation
11.4 Mitsubishi Chemical Corporation
11.5 Perstorp Holding AB
11.6 Evonik Industries AG
11.7 Arkema S.A.
11.8 Saudi Basic Industries Corporation (SABIC)
11.9 Wanhua Chemical Group Co., Ltd.
11.10 Tosoh Corporation
11.11 Purac Biomaterials
11.12 UBE Industries, Ltd.
11.13 Emery Oleochemicals
11.14 Croda International Plc
11.15 Ingevity Corporation
List of Tables
1 Global Aliphatic Polyester Polyols Market Outlook, By Region (2022-2030) ($MN)
2 Global Aliphatic Polyester Polyols Market Outlook, By Type (2022-2030) ($MN)
3 Global Aliphatic Polyester Polyols Market Outlook, By Polyurethane Coatings (2022-2030) ($MN)
4 Global Aliphatic Polyester Polyols Market Outlook, By Polyurethane Adhesives (2022-2030) ($MN)
5 Global Aliphatic Polyester Polyols Market Outlook, By Polyurethane Elastomers (2022-2030) ($MN)
6 Global Aliphatic Polyester Polyols Market Outlook, By Polyurethane Foams (2022-2030) ($MN)
7 Global Aliphatic Polyester Polyols Market Outlook, By Thermoplastic Polyurethane (TPU) (2022-2030) ($MN)
8 Global Aliphatic Polyester Polyols Market Outlook, By Synthetic Leather (2022-2030) ($MN)
9 Global Aliphatic Polyester Polyols Market Outlook, By Other Types (2022-2030) ($MN)
10 Global Aliphatic Polyester Polyols Market Outlook, By Raw Material (2022-2030) ($MN)
11 Global Aliphatic Polyester Polyols Market Outlook, By Adipic Acid-Based (2022-2030) ($MN)
12 Global Aliphatic Polyester Polyols Market Outlook, By Caprolactone-Based (2022-2030) ($MN)
13 Global Aliphatic Polyester Polyols Market Outlook, By Succinic Acid-Based (2022-2030) ($MN)
14 Global Aliphatic Polyester Polyols Market Outlook, By Other Raw Materials (2022-2030) ($MN)
15 Global Aliphatic Polyester Polyols Market Outlook, By Application (2022-2030) ($MN)
16 Global Aliphatic Polyester Polyols Market Outlook, By Foams (2022-2030) ($MN)
17 Global Aliphatic Polyester Polyols Market Outlook, By Coatings (2022-2030) ($MN)
18 Global Aliphatic Polyester Polyols Market Outlook, By Elastomers (2022-2030) ($MN)
19 Global Aliphatic Polyester Polyols Market Outlook, By Adhesives & Sealants (2022-2030) ($MN)
20 Global Aliphatic Polyester Polyols Market Outlook, By Other Applications (2022-2030) ($MN)
21 Global Aliphatic Polyester Polyols Market Outlook, By End User (2022-2030) ($MN)
22 Global Aliphatic Polyester Polyols Market Outlook, By Construction (2022-2030) ($MN)
23 Global Aliphatic Polyester Polyols Market Outlook, By Automotive (2022-2030) ($MN)
24 Global Aliphatic Polyester Polyols Market Outlook, By Furniture & Interiors (2022-2030) ($MN)
25 Global Aliphatic Polyester Polyols Market Outlook, By Footwear (2022-2030) ($MN)
26 Global Aliphatic Polyester Polyols Market Outlook, By Packaging (2022-2030) ($MN)
27 Global Aliphatic Polyester Polyols Market Outlook, By Textiles (2022-2030) ($MN)
28 Global Aliphatic Polyester Polyols Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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