Global Aromatic Polyester Polyols Market to Reach USD 1,909.46 Million by 2031 | CAGR of 5.3%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Aromatic Polyester Polyols Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Aromatic Polyester Polyols Market was valued at USD 1,262.22 Million in 2023 and is projected to reach USD 1,909.46 Million by 2031, growing at a CAGR of 5.3% from 2024 to 2031. Aromatic polyester polyols are a key component in the production of rigid polyurethane foam insulation, which is widely used in construction, automotive, and packaging industries due to its excellent thermal properties, durability, and sustainability. These polyols are made by reacting aromatic diacids with glycols, providing flexibility and protection in a wide range of applications.
The report comprises the Aromatic Polyester Polyols Market Share, Size & Industry Analysis, By Type (Based on PET, Based Phthalic Anhydride, and Others), Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, and Others), End-User Industry (Furniture & Bedding, Automotive, Building and Construction, Packaging, Textile, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Aromatic Polyester Polyols Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand from the flexible packaging and automotive industries drives market growth, while the use of polyols in building insulation offers significant growth opportunities.
Segmental Analysis :
Based on type, the market is segmented into PET-based, phthalic anhydride-based, and others.
- PET-based polyols held the largest share in 2023, owing to their cost efficiency, tensile strength, and flame retardancy, particularly in the automotive and construction industries.
- Phthalic anhydride-based polyols are projected to grow at the fastest CAGR, driven by their superior hydrolysis resistance and stability in extreme conditions.
Based on application, the market includes flexible foam, rigid foam, coatings, adhesives & sealants, elastomers, and others.
- Rigid foam accounted for the largest share in 2023, driven by its extensive use in the construction and automotive industries for insulation, soundproofing, and structural support.
- Elastomers are expected to grow at the fastest rate due to their rising demand in automotive applications, where flexibility, durability, and recyclability are critical.
Based on the end-user industry, the market spans furniture & bedding, automotive, building and construction, packaging, textile, and others.
- Building and construction dominated the market in 2023, accounting for 31.73% of the total market share, driven by demand for energy-efficient insulation solutions.
- Automotive is projected to register the highest CAGR during the forecast period, fueled by increasing vehicle production and the use of polyurethane foam for soundproofing and insulation.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2023, holding a 37.20% share, with demand driven by the construction and automotive sectors, especially in the U.S.
- Asia-Pacific is expected to witness significant growth, with a forecasted CAGR of 5.7%, driven by increased vehicle production in China and India.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 1,909.46 Million |
| CAGR (2024-2031) | 5.3% |
| By Type | Based on PET, Based on Phthalic Anhydride, Others |
| By Application | Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, Others |
| By End User Industry | Furniture & Bedding, Automotive, Building and Construction, Packaging, Textile, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Aromatic Polyester Polyols Industry:
- Stepan Company
- BASF SE
- Purinova SP
- Synthesia Technology Group
- Emery Oleochemicals
- Huntsman International LLC
- Coim Group
- XUCHUAN CHEMICAL(SUZHOU) CO., LTD
- Arkema
- Evonik Industries AG
Recent Industry Developments :
- In July 2022, Synthesia Technology Group announced plans to build a polyester polyol plant in Little Rock, Arkansas, expanding its production capacity to meet growing demand.
- In October 2021, Huntsman Corporation opened a 22,000-ton aromatic polyester polyol plant in Taiwan, expanding its presence in the Asia-Pacific region.
