The polyether polyol market is experiencing enormous growth which is expected to continue in the near future. The market in Asia-Pacific dominates the global polyether polyols market. This is attributed to the factors, such as huge demand for polyols in China especially from the construction industry. Also, there is increase in investments by various market players to serve the end-user applications industry. In 2013, the Asia-Pacific region consumed nearly 40% of polyether polyols, in terms of volume. The region is further expected to show a high growth in the coming years, mainly due to the high demand for polyols from the infrastructure industry.
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Polyether polyols are mainly used in the manufacturing of polyurethanes (i.e. flexible foam). These, with higher molecular weight (generally more than 3,000) are used in manufacturing flexible foam. Conventional slab stock uses 3,000 molecular weight polyether.
The flexible foams application segment dominates the global polyether polyols market having accounted a market share of nearly 28% in 2013.
The market revenue of the global polyether polyols market is expected to grow at a faster rate than its volume as a result of the increasing prices of polyols, globally. The rapid growth in the end-user industries has been the major driving factors in the growth of this market. Polyether polyols is extensively in varied applications, such as coatings, flexible foams, rigid foams, and elastomers. Increasing demand for flexible foam due to the rise in construction activity and rising demand from auto industry is driving the demand for polyether polyols.
Rapid growth in end-user industries proved to be major driving factor in the growth of polyether polyols market. Global polyurethane industry is growing at rapid pace and has paved way for growth of polyether polyols market.
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Competitive scenarios of the top players in the polyether polyol market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. The major companies operating in this market are The Dow Chemical Company (U.S.), Bayer Material Science AG (Germany), BASF SE (Germany), Royal Dutch Shell Plc (Hague), Huntsman Corp. (U.S.), Perstorp Holdings Ab (Sweden), Baalbaki Groups S.A. (Damascus), Cargill Incorporated (U.S.), Chemture Corporation, COIM S.P.A. (Italy), and Expanded Polymer Systems Pvt. Ltd. (India) among others.
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