Polycarbonate diols are the thermoplastic building blocks for polyurethane compounds, such as thermoplastic elastomers (TPE) and thermoplastic polyurethane (TPU), along with for polyurethane dispersions. These premium polyester polyols provide significantly enhanced hydrolytic stability as compared to standard polyester polyols. The hydroxyl value or number (OH value), molecular weight, and the OH equivalent weight define what performance properties a polycarbonate diol will impart in a given polyurethane system.
The global polycarbonate diols market is thriving on account of the growing need for water-based polyurethane materials instead of solvent-based materials, backed by the regulatory restrictions on solvent emissions, increasingly stringent regulations of the regulatory bodies, along with the increasing awareness for the environment for waste disposal and factory vapor levels. But a major issue with water-based polyurethane is that the water-resistant properties of the material get affected. The major cause for this is that water-based polyurethane is made from traditional polyols, which are known to contain a hydrophilic group that directly affects water-based polyurethane. Polycarbonate diols are known to improve the hydrolysis resistance of polyurethane materials. Hence it is used widely in the production of waterborne polyurethane materials.
The global polycarbonate diols market is anticipated to grow with a notable CAGR during the forecast period, i.e., 2021-2029. The market is segmented by form into solid and liquid. Among these segments, the solid form segment is projected to grab the largest market share by the end of 2029 owing to the rising demand for high-performance synthetic leathers, along with the growing demand for waterborne coatings and paints for use in furniture, automotive, and textile industries among others. Solid polycarbonate diols possess high resistance to stain, oxidation, hydrolysis, and wear in polyurethane products. Moreover, the solid polycarbonate diols offer optimum strength, performance, excellent mechanical properties, and high thermal stability at low temperatures. CLICK TO DOWNLOAD SAMPLE REPORT
Polycarbonate diols are used across a wide range of applications ranging from polyurethane coatings, cast elastomer applications, and adhesives among others. Polycarbonate diols possess numerous valuable attributes as compared to other polyols and hence they are used widely in the development of polyurethanes. For instance, polycarbonate diols contain excellent hydrolytic stability and low water absorption. Moreover, they can withstand maximum temperature with low-temperature flexibility. Polycarbonate diols also are highly resistive to chemicals and oil, along with changing weather and UV. Owing to such favorable properties, they are widely being used in data storage devices, such as DVDs, CDs, and Blu-ray discs among others. Additionally, polycarbonate diols are also widely used in the construction of dome lights and curved or flat gazing systems, used typically in the aerospace, automotive, or construction sectors. These chemicals are also used widely to manufacture cockpit canopies and automotive headlights owing to their lightweight properties and high-impact resistance. Such factors are anticipated to drive the growth of the global polycarbonate diols market during the forecast period.
One of the most significant factors that could hamper the growth of the global polycarbonate diols market is the presence of bisphenol (BPA), which is an ecologically harmful compound that causes health effects on the brain and prostate gland of infants, fetuses, and children. Moreover, BPA is known to disrupt normal hormone levels in human beings and are also known to cause cancer. Such factors are therefore anticipated to hamper the market growth during the forecast period.
Our in-depth analysis of the global polycarbonate diols market includes the following segments:
On the basis of regional analysis, the global polycarbonate diols market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions.
The market for polycarbonate diols in the Asia Pacific is projected to hold the largest market share owing to the presence of several end-users who use polycarbonate diols for the manufacturing of different end-use products. Moreover, the presence of nations, such as China and India, who are also the largest consumers of polycarbonate diols in the region, is also anticipated to drive the growth of the market in the Asia Pacific region. Korea, on the other hand, accounted for the largest exporter of polycarbonates globally. According to the trade statistics of the International Trade Centre, China accounted for the largest share of 34.42% globally for the imports of polycarbonates in the year 2019, whereas the Republic of Korea recorded the largest share of 14.15% globally for the exports of polycarbonates in the same year. Such factors are anticipated to drive the growth of the polycarbonate diols market in the region.
The global polycarbonate diols market is further classified on the basis of region as follows:
FREQUENTLY ASKED QUESTIONS
Increasing demand for polycarbonate diols from end-users for various end-use applications is one of the major factors driving the market growth.
The market is anticipated to grow with a notable CAGR over the forecast period, i.e., 2021-2029.
The major players in the market are Mitsubishi Chemical Corporation, Chemwill Asia co., Ltd, GRR Fine Chem, Saudi Arabian Oil Co., The Perstorp Group, Daicel Corporation, Tosoh Corporation, Covestro AG, and others.
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The polycarbonate diols market is segmented by form, molecular weight, application, and by region.
The solid segment, which is a sub-segment of the form segment is anticipated to hold the largest market share on account of the increasing demand for waterborne coatings and paints.
Concerns for the presence of ecologically harmful compound bisphenol (BPA), which is known to cause health effects on the brain and prostate gland is one of the major factors estimated to act as barriers to the growth of the market.
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