Market Segmentation
Automotive industry emerged as one of the most significant drivers for PU, which also boosted the polyol market in 2017. Automobile manufacturers are focusing on reducing the vehicle weight and emissions owing to stringent regulatory norms regarding vehicular emission, which is increasing the application scope of PU in automotive industry. According to the Corporate Average Fuel Economy (CAFE) standard, by 2025, vehicles need to attain an average mileage of 50 miles per gallon. This proposed standard is approximately 40% higher than the standard mileage of the current vehicles.
The global energy crisis has fostered the development of numerous green buildings as well as several sustainable construction initiatives. Sustainability in construction activities is a vast field and encompasses several steps that must be implemented in the primary construction stages as their potential environmental impacts are quite significant. Increased efficiency in building materials has ultimately generated high demand for efficient insulating materials to regulate HVAC and counteract the amount of energy loss as a direct result of inefficient insulation. Polyol-based PU foams are subsequently being utilized as extremely efficient insulation materials, leading to greater energy savings and contributing sustainably and environmentally. Numerous businesses have realized other intangible benefits of green buildings such as increased employee productivity, improved employee satisfaction, and their positive impact on company’s brand and reputation.
The release of toxic gases on the burning of fossil fuels is expected to cause a major hindrance for the petrochemical manufacturers over the forecast period. Petrochemical products derived from crude oil release hazardous gases into the atmosphere. This factor is expected to increase the greenhouse gases (GHG) concentration in the atmosphere and thus increase the carbon footprint. China is expected to witness an increase in the quantity of carbon dioxide released into the atmosphere over the forecast period owing to the presence of large capacity manufacturing units in the country. China accounted for approximately 28.03% of the total carbon dioxide released in 2015.
This section will provide insights into the contents included in this polyols market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance