The latest industry research report on Polyester Polyol Market by MRC provides a thorough analysis of the Global Polyester Polyol Market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Polyester Polyol industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

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key players in the global polyester polyol market: Huntsman International, INVISTA, Purinova, SEHOTECH, and Stepan Company

Other Prominent Vendors in the market are: BASF, Covestro, Coim, DIC, Emery Oleochemicals, Esterpol, Expanded Polymer Systems, Grupo Synthesia, Helios Group, Kimteks Kimya, Kobe Polyurethane, Krishna Antioxidants, IL JIN NEW MATERIAL, NEO GROUP, Oleon, Perfect Polymers, Polytek Urethane, Royal Industries, SBHPP, The Dow Chemical Company, Uflex, and ZHANG LONG INDUSTRY.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advent of bio-based polyols. Raw materials used in the manufacturing of polyester polyols are petroleum-based. Since petroleum is a non-renewable source and has several environmental implications, manufacturers are looking bio-based renewable sources. In addition, the availability of raw materials, fluctuation in crude oil prices are the factors that will augment high adoption of bio-based polyols in the next five years. Thus, many companies have intensified the R&D activities to come up with bio-based polyols. In future, seed oils can be used for manufacturing water-blown rigid PU foam.”

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According to the report, one of the major drivers for this market is Superior properties of polyester polyol. C.A.S.E. are manufactured using different types of polyols. Each polyol facilitates different characteristic as per the application. Polyester polyols are extensively used in manufacturing C.A.S.E. and are opted more than polyether polyols because of their properties such as high tensile, tear, and flex fatigue resistance. Polyester polyols provide better broad molecular weight distribution and viscosity. In addition, polyester polyols facilitate higher resistance to oil, grease, solvents, and oxidation.

Further, the report states that one of the major factors hindering the growth of this market is Increase in raw material prices. The cost of polyester polyol is directly proportional to the price and supply of raw materials such as adipic acid and phthalic acid. The increase in raw material prices results in high polyester polyol prices which invariably affects prices of polyester polyols based PU.

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Polyester polyols were the first ones to be used in the initial phase of PU development. The polyester polyols are further classified on the basis of acid. The common acids are adipic and phthalic or phthalic anhydride. Adipic acid-based polyester polyols are used in flexible foams and elastomers, where flexibility is crucial. Phthalic acid-based polyester polyols are used in rigid foams in high performance coatings. Phthalic acid-based polyester polyols have rigid chains. The polyester polyols are of two types: aliphatic and aromatic. Aliphatic polyester polyols are based on polyadipates diols just like ethylene glycol. They are used in flexible PUs. Aromatic polyester polyols are based on terephthalic or isophthalic acid. They are used in high-performance hard coatings and adhesives. In addition, they are used in producing PU rigid foams, which are fire resistant.

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