Demand For Copolymer Polyols Is Expected To Progress At A CAGR of 6.0% To Reach US$ 3,511.0 Billion By 2033 | Fact.MR Report
Copolymer Polyols Market Analysis, By Type (Blended Copolymer Polyols (10%, 15%, 20%, 25%, and 30%-40%), Graft Polyols (40% and above)), Application, and Region - Market Insights 2023 to 2033
Rockville, April 25, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global copolymer polyols market is estimated to reach a valuation of US$ 1,956.2 million in 2023 and is anticipated to grow at a CAGR of 6.0% during the forecast period of 2023-2033.The copolymer polyols market is expected to grow at a steady pace over the next few years due to increasing demand from various end-use industries such as construction, automotive, and packaging. Copolymer polyols are used as raw materials for the production of polyurethane foam, which is widely used in these industries.
Copolymer polyols are used to produce lightweight polyurethane foam products, which are used in automotive parts such as seat cushions, headrests, and armrests. The increasing demand for lightweight materials in the automotive industry is expected to drive the growth of the copolymer polyols market.
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*Report Attributes* *Details*
Copolymer Polyols Market Size (2022A) US$ 1,845.6 Million
Estimated Market Value (2023E) US$ 1,956.2 Million
Forecasted Market Value (2033F) US$ 3,511.0 Million
Global Market Growth Rate (2023-2033) 6.0%
North America Market Share (2023) 21.3%
No. of Pages 170 Pages
No. of Tables 84 Tables
No. of Figures 74 Figures
Copolymer polyols are used to produce insulation materials, which are widely used in the construction industry for thermal insulation and energy conservation. The increasing demand for energy-efficient buildings is expected to drive the growth of the copolymer polyols market in the construction industry.
*Key Takeaways from Market Study*
· The global copolymer polyols market is projected to grow at 6.0% CAGR and reach US$ 3,511.0 million by 2033
· The market witnessed a historical CAGR of 5.5% between 2018 to 2022
· Under type, blended dominates the market with a 96.7% market share
· East Asia is estimated to grow at a CAGR of 7.7% during the forecast period
· Prominent copolymer polyols manufacturers are Dow, REPSOL SA, BASF SE (In Joint Venture with INEOS), Covestro AG, SABIC, Royal Dutch Shell Plc., Oltchim SA, AGX Chemicals, and KPX Chemicals among others
· The copolymer polyols market is expected to create an absolute $ opportunity of US$ 1,665.41 million between 2023 and 2033
*“Growing Construction Activities and Rising Demand for Polyurethane Foam Products is Likely to Drive the Copolymer Polyols Market” *says a Fact.MR analyst.
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*Market Development
*Market players are focusing on business expansion across the Asia-Pacific market, installing new facilities to support the demand for versatile polyurethane chemistry from key markets in the region. Inclination towards sustainability and environmentally friendly products, the manufacturers have started emphasizing bio-based copolymer polyols. Manufacturers are focusing on enhancing their production capacity to meet the growing needs of various end users.
For instance, in 2021, Covestro, one of the leading manufacturers of copolymer polyols, announced that it would invest US$ 1.7 billion to build a new methylene diphenyl diisocyanate (MDI) plant in Baytown, Texas. MDI is a key ingredient in the production of copolymer polyols, and the new plant is expected to meet the growing demand for these materials in the U.S. and other countries.
*Key Companies Profiled*
· Dow
· BASF SE (In Joint Venture with INEOS)
· Covestro AG
· SABIC
· Royal Dutch Shell Plc.
· Oltchim SA
· AGX Chemicals
· KPX Chemicals
*Segmentation of Copolymer Polyols Industry Research*
· *By Type**:*
· Blended
· 10%
· 15%
· 20%
· 25%
· 30%-40%
· Graft Polyols (40% and above)
· *By Application**:*
· Slabstock PU Foams Production
· Furniture & Bedding Foams
· Carpet Underlaying
· Packaging Foams
· Molded PU Foams Production
· Automotive Seating
· Energy-absorbing padding
· *By Region**:*
· North America
· Latin America
· Europe
· East Asia
· South Asia & Oceania
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*More Valuable Insights on Offer
*Fact.MR, in its new offering, presents an unbiased analysis of the copolymer polyols market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (blended (10%, 15%, 20%, 25%, 30%-40%), graft polyols (40% and above)), and application (slabstock PU foams production (furniture & bedding foams, carpet underlaying, packaging foams), molded PU foams production (automotive seating, energy-absorbing padding)) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, Middle East & Africa).
*Key Questions Covered in the **Copolymer Polyols** Market** Report*
· What will be the estimated size of the Market in 2023?
· At what rate will the global Copolymer Polyols sales grow until 2033?
· Which are the factors hampering the Copolymer Polyols demand?
· Which region will spearhead the growth in the global industry during 2023-2033?
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