Polycarbonate Diols Market 2022 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market for polycarbonate diols is estimated at USD 273.4 million in the year 2022, is projected to reach a size of USD 432.5 million by 2030, growing at a compound annual growth rate (CAGR) of 5.9% over the forecast period 2022-2030. The growth of the polycarbonate diols market is driven by factors such as growing demand for water-based polyurethane systems, rising demand for synthetic leather, and increasing demand for high-performance PU products in automotive industry. Government regulations encouraging use of eco-friendly chemicals is expected to provide lucrative opportunities for the global market throughout the forecast period.

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REGIONAL ANALYSIS

Geographically, the report covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the largest market share of the global market in 2021. Asia Pacific is anticipated to be the leading regional market during forecast period, driven by strong production capacity and automobile manufacturing. The growth of the polycarbonate diols market in Asia Pacific is also likely to be driven by growth in FDI investment coupled with growth of end-use industries.

Latin America and Middle East & Africa reported for a comparatively minor share of the global market in 2021. On the other hand, the market in these regions is anticipated to grow rapidly during the forecast period.

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SEGMENTATION ANALYSIS

Based on form, the polycarbonate diols market has been classified into solid, and liquid.  The solid segment is expected to register the highest CAGR during the forecast period.

By application, the global market has been divided into adhesives & sealants, elastomers, paints & coatings, synthetic leather, and others.  The synthetic leather segment is projected to be the largest segment during the forecast period.

The molecular weight segment includes below 1,000 g/mol, 1000 g/mol – below 2,000 g/mol, and 2000 g/mol & above. 

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COMPANIES COVERAGE

The global polycarbonate diols market is recognized by the presence of several international and domestic companies. Some of companies profiled in report include Asahi Kasei Corporation, Chemwill Asia Co. Ltd., Covestro Ag, Daicel Corporation, GRR Fine Chem Pvt. Ltd., Mitsubishi Chemical Corporation, Perstorp Group, Saudi Arabian Oil Co., Tosoh Corporation, and UBE Industries Ltd.