Polyols and Polyurethane Market - Furniture & Interior Industry Drives up Demand for Market By 2023

Polymer products, polyols and polyurethane, find widespread applications across the world. Polyether polyols and polyester polyols are some of the commercially available polyol products. Coatings, flexible foam, adhesives and sealants, rigid foam, elastomers, etc. are some of the commercially available polyurethane products.

Globally, the market for polyols and polyurethane has been receiving a major boost from the flourishing automotive, furniture and interiors, and construction industries globally. Soaring demand for furniture and interiors, particularly in Asia Pacific where the construction industry has literally exploded on account of the improving economy in most nations, has provided a solid fillip to the global market for polyols and polyurethane. Supply limitation and price volatility of raw materials are some of the crucial challenges the market is struggling to overcome.

The market for polyols and polyurethane showcases high degree of backward integration as most prominent manufacturers are involved in upstream activities. This backward integration offers the various players in the market with a solid competitive edge vis-à-vis steady supply of raw materials. Currently, the main thrust has been on retention of customers and offering quality products.

Obtain Report Details @ http://www.transparencymarketresearch.com/polyols-market.html

A report by Transparency Market Research forecasts the market for polyols will to rise at a steady 4.7% CAGR from 2015 to 2023 to reach a value of US$ 25.29 bn by 2023 from US$ 16.67 bn in 2015. The report predicts the market for polyurethane to expand at a slightly higher CAGR of 5.9% from 2015 to 2023 to reach a value of US$ 80.76 bn in 2023.

The two main types of polyols in the market are polyether polyols and polyester polyols. Among the two, polyether polyols dominate the market in terms of volume. The main types of polyurethane are flexible foams, coatings, rigid foams, adhesives and sealants, and elastomers. Of them, flexible foam holds maximum share in the global polyurethane market. In 2014 it accounted for more than 35% share in the market. Rigid foams comes second in terms of market share and is trailed by coatings, elastomers, adhesives and sealants.

For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=582

In terms of end users, the furniture and interiors segment generates maximum demand for polyurethane. They are followed by building and construction sectors and automobile segments comes in third. Polyurethane finds application in furniture and interior industry as the primary material for manufacturing cushions, mattresses, and other things. Polyurethane rigid foam is also widely used as an insulation material in building and construction.

Automotive interiors and seats cushions are made from polyurethane. Hence with a burgeoning automotive industry worldwide the market has been seeing a constant upswing.

Building and Construction Industry Boosting Market in Asia Pacific

Geographically, the key segments in the global polyols and polyurethane market are Asia Pacific, North America, Europe, Latin America, and the Middle East and Europe. Asia Pacific and Europe are considered the main markets. The phenomenal growth in the building and construction industry along with the automobile industry are primary factors propelling the market in Asia Pacific. In 2014, Asia Pacific accounted for 35% share in the overall market. Asia Pacific holds out a strong promise for polyols and polyurethane products and companies are rushing in to establish capacities in the region.

The Middle East and Africa is also a key market in terms of demand and going forward will likely expand at a healthy pace vis-à-vis volume.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog