The report covers comprehensive information about market trends, volume (Tons) and value (US$ Mn) forecasts, market dynamics, competition and latest developments in the global Aromatic Polyester Polyols market for the study period 2018 to 2026.
The global Aromatic Polyester Polyols market is estimated to be valued at US$ 1,005.9 Mn by 2018 end and is expected to reach US$ 1,511.5 Mn by the end of 2026, expanding at a CAGR of 5.2% over the forecast period. The global Aromatic Polyester Polyols market is anticipated to represent an incremental opportunity of US$ 505.5 Mn between 2018 and 2026. Increased stringent codes for energy efficient buildings will be the main factor which will drive the growth of the market.
Aromatic Polyester Polyols Market: Introduction
Aromatic Polyester Polyols comprise a group of products which are polymers. This is primarily why no IUPAC name, chemical formula or CAS number can be given to them and thus, the products are known by their company brands.
Aromatic polyester polyols are mainly used for the production of polyisocyanurate and polyurethane foams for elastomers, adhesives, spray foams, construction, slabstock/bunstock applications, among others. Commercially, aromatic polyester polyols are based on ethylene glycol & low molecular weight PEG’s, polymerized with terephthalic acid, either dimethyl terephthalate, crude recycle crap of PET (polyester terephthalate) and, phthalic anhydride.
Aromatic Polyester Polyols Market to witness significant growth, owing to the growing demand for efficient thermal insulation materials:
Increasing population and growing urbanization in the developing countries has boosted the growth of building & construction industry. Also the increasing disposable income of certain developing countries has increased the infrastructural investment in such regions. The increasing number of stringent building codes for energy efficient buildings, especially in the matured regions has increased the demand for efficient and innovative thermal insulation materials. The growing building & construction industry is one of the prominent factor responsible for the growth of Aromatic Polyester Polyols market.
Rising automotive production is also contributing towards the growth of Aromatic Polyester Polyols market in the upcoming years. Increasing demand from other end use industry such as packaging and consumer appliances is positively impacting the demand for aromatic polyester Polyols in the global market. Increasing production capacity and emphasis towards technological innovation is an optimistic sign for the aromatic polyester Polyols market. Owing to the environmental concern some of the manufacturers are using recycled PET from PET bottles as a raw material.
China to surpass Europe in Aromatic Polyester Polyols Market, during the latter half of the forecast period:
On the basis of region/country North America is anticipated to dominate the global aromatic polyester Polyols market, owing to the following factors:
Both the above mentioned factors will drive the demand for efficient thermal insulation materials, for energy efficient buildings which will drive the aromatic polyester Polyols market.
China is expected to witness lucrative growth in the global aromatic polyester Polyols market. And China is anticipated to grow with significant CAGR of 7.4% and will surpass Europe in the global aromatic polyester Polyols market.
Aromatic Polyester Polyols Market: Competition Landscape
Aromatic Polyester Polyols market is highly consolidated owing to the presence of only few number of market players in the global market. Tier 1 players account for ~55-65% of the market share in the global aromatic polyester Polyols market. Expansion, acquisition, joint venture and collaboration are among the key strategies implemented by key players to grow and sustain in the global Aromatic Polyester Polyols market. Some of the key developments are:
Aromatic Polyester Polyols Market: Key Participants
Some of the key market participants acknowledged in the global aromatic polyester Polyols market are:
BASF SE, Purinova LLC, Grupo Synthesia, Stepan Company, Emery Oleochemicals, Huntsman Corporation, and COIM group among others.
Persistence Market Research (PMR) provides an exclusive analysis of the global Aromatic Polyester Polyols market in its revised report titled “Aromatic Polyester Polyols: Global Industry Analysis, 2013–2017 and Forecast, 2018 – 2026”. The main aim of this report is to offer thorough analysis and insights relevant to the Aromatic Polyester Polyols market. This report offers a complete analysis of the global Aromatic Polyester Polyols market, in terms of market volume (Tons) & value (US$ Mn), and year-wise (Y-o-Y) growth on the basis of production process, application, end-use industry and region.
The report also highlights the dynamics prevailing in the Aromatic Polyester Polyols market and provides key information pertaining to the mentioned segments in the global Aromatic Polyester Polyols market. To deliver a better understanding and to support stakeholders in decision making and market analysis, the report comes incorporated with the analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global Aromatic Polyester Polyols market over the forecast period. The study provides data for 2017 along with a comprehensive market forecast for the period 2018–2026.
By Production Process
By End-use Industry
To understand and define market opportunities and trends, the global Aromatic Polyester Polyols market report has been categorically split into different sections, based on production process, application, end-use industry and region. The report begins with the market overview and provides market definition and taxonomy along with value chain, drivers & pricing analysis pertaining to the market. Following this, the Aromatic Polyester Polyols market background has been covered, which comprises the factors affecting the Aromatic Polyester Polyols market, such as macro-economic factors.
The macro-economic factors include global statistics for the the construction industry, overview of paints and coatings industry and chemical sales overview. The market background also covers the market dynamics that affect the Aromatic Polyester Polyols market. The dynamics covered in the report are drivers, restraints and trends. The market background also includes the value chain analysis wherein the flow of Aromatic Polyester Polyols from the raw material supplier to the Aromatic Polyester Polyols manufacturer to the end user through various distributors and retailers involved has been covered. The final part in the market background is the forecast factors, which include the factors that are expected to have an impact on the global Aromatic Polyester Polyols market, such as regulations on Aromatic Polyester Polyols.
The sections that follows comprise the global Aromatic Polyester Polyols market analysis – by production process, by application, by end-use industry and by region/country. All the above sections calculate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global Aromatic Polyester Polyols market. To give a brief idea about revenue opportunities from the application, production process, end-use industry and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018–2026).
In the final section of the report, we have provided a detailed competition landscape with company market share and performance in order to provide report audiences with a dashboard view of the key players operating in the global Aromatic Polyester Polyols market along with their business strategies. This would enable clients to evaluate strategies deployed by market leaders and help them develop effective strategies consequently.
For market data analysis, we have considered 2017 as the base year with market numbers estimated for 2018 and forecast made for 2018–2026. To determine the market, we have tracked down the production of key players, such Huntsman Corporation and Stepan Company. The PMR assessment is based on a multipronged approach that includes secondary and primary research and triangulation of data obtained therefrom. During the initial phase of research work, product mapping was done, in which the production process followed by major players with respect to application area and end-use industry was identified.
Further, in secondary research, data available in public domains, such as industry associations, company annual reports, white papers, publications, journals and government sites, among other sources, was collected and accordingly, a set of data points were built. For the same, a top-down approach was used to assess market numbers for each type and a top-down approach was used to counter validate the market estimation. For forecast assessment, forecast growth of end-use sectors, such as building & construction, automotive & packaging industries, and other factors affecting the consumption of Aromatic Polyester Polyols were considered. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regard to Aromatic Polyester Polyols and the expected market value in the global Aromatic Polyester Polyols market over the forecast period.
We have also analyzed the different segments of the global Aromatic Polyester Polyols market in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends governing the global Aromatic Polyester Polyols market. The report also analyses the global Aromatic Polyester Polyols market based on incremental $ opportunity & global absolute $ opportunity. This is usually overlooked while estimating the market forecast; however, from a business development perspective, it is essential to identify the market attractiveness in terms of three indices, viz. market share index, CAGR index and incremental $ opportunity index, to identify the high potential resources in the Aromatic Polyester Polyols market. Moreover, the market attractiveness index will help readers understand the key segments in terms of their performance and growth in the global Aromatic Polyester Polyols market. This market attractiveness index would also help clients identify real opportunities in the global Aromatic Polyester Polyols market.