The Polycarbonate Diol Market Will Reach A Value Of US$400 Million By

Wilmington, Delaware, U.S., Oct. 18, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global polycarbonate diol market is expected to reach a value of US$400 million by the end of 2031, according to a research report by Transparency Market Research (TMR). Further, the study reveals that the polycarbonate diol market is expected to grow at a CAGR of 5% during the forecast period 2021-2031.

Polycarbonate diols find wide application in producing various polyurethane materials with advanced performance and quality. In recent years, large companies operating in different industry verticals have increased the adoption of water-based polyurethane materials instead of solvent-based materials due to an increase in awareness of environment and the implementation of strict regulations to prevent adverse environmental effects. . These factors are driving demand pathways in the market, according to TMR’s sales forecast for the polycarbonate diol market.

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Major companies operating in the global polycarbonate diol market are using varied strategies such as collaborations, mergers & acquisitions, and joint ventures in order to maintain their leading position. Additionally, several players are focusing on new product launches to expand their product portfolios. These efforts are expected to result in significant growth in the polycarbonate diol market over the forecast period.

Polycarbonate Diol Market: Key Findings

  • Polycarbonate diols find applications in adhesives and sealants, says a TMR study. Additionally, these products are used in various polyurethane adhesives due to their ability to improve efficiency and provide high durability in the final polymer. That aside, polycarbonate diols are used in adhesives due to their ability to provide various benefits such as providing high thermal stability, enhancing adhesion properties, improving chemical resistance, and providing exceptional hydrolytic stability. These factors suggest the significant growth scope of the polycarbonate diol market over the forecast period, analysts from a TMR report note.
  • Polycarbonate diols are used in the sealant industry due to their ability to help minimize yellowing, which is typically seen after thermal degradation after being added to polyurethane sealants. Additionally, polycarbonate diols provide high mechanical performance after immersion in solvents or chemicals, make sealants resistant to chemicals, provide resistance to hydrolysis and degradation in solvents or chemicals. Hence, increasing usage of the products to improve the overall service life of sealants is expected to create significant scope for the growth of the polycarbonate diol market over the forecast period.
  • Polyurethane resins are made from polycarbonate diols which have exceptional chemical resistance, hydrolysis resistance, heat resistance and abrasion resistance. Additionally, the use of these high performance polyurethane resins is increasing in the production of natural or synthetic leather due to their ability to improve stain resistance and durability. Hence, an increase in the usage of synthetic leathers globally is expected to be one of the frontiers for the growth of the polycarbonate diol market in the near future.

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Polycarbonate Diols Market: Growth Boosters

  • High increase in product usage in adhesives and sealants is expected to drive the polycarbonate diol market size over the forecast period
  • The growing adoption of polycarbonate diols due to their ability to enable the development of robust PU coatings is creating significant business prospects in the market

Polycarbonate Diol Market: Key Players

Some of the key players profiled in the report are:

  • Ishii Chemicals Co., Ltd.
  • Haiyan Huashuaite Plastics Electric Appliances Co.
  • ICC Industries, Inc.
  • Jinan Haohua Industry Co., Ltd.
  • Hangzhou Dayangchem Co.,Ltd.

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Polycarbonate Diol Market Segmentation

Form

Molecular weight

  • 1000-2000g/mole
  • >2000g/Mol

Application

  • Synthetic leather
  • Paints and coatings
  • Adhesives and sealants
  • Elastomers
  • Others (including industrial, aerospace, and valves and labels)

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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