Global Polycarbonate Diol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polycarbonate Diol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polycarbonate diols are premium polyester polyols. Compared to standard polyester polyols, polycarbonate diols provide significantly enhanced hydrolytic stability, impact resistance, hardness, and chemical resistance. Polycarbonate diols are commonly used in the synthesis of polyurethane resins, acrylic resins, polyester resins and the like.

Market Overview:

The latest research study on the global Polycarbonate Diol market finds that the global Polycarbonate Diol market reached a value of USD 279.69 million in 2022. It’s expected that the market will achieve USD 390.49 million by 2028, exhibiting a CAGR of 5.72% during the forecast period.

Affected by COVID-19, the industrial chain is at risk of material shortage. Various places made different degrees of control on the entry and exit, some countries even blocked the border, except for anti-epidemic supplies and other essential goods are not allowed to import and export, a large number of factories shut down, the resumption of work time delayed.

The impact of the epidemic on the Polycarbonate Diol industry is mainly reflected in the supply of raw materials and industry operations. Affected by COVID-19, logistics will be suspended, and the supply of raw materials for Polycarbonate Diol will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. In terms of industry operations, due to the impact of the epidemic, the company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.

The needs of the leather industry

The growth of the synthetic leather industry has been influenced by the availability of raw materials, increasing environmental concerns, protection of animals and changing consumer demands. As a result, the world has witnessed a major shift in the market from natural leather to synthetic leather. PU synthetic leather has excellent physicochemical properties and more closely resembles natural leather in terms of treatment, texture and appearance. Due to the performance benefits of synthetic leather, it has replaced natural leather not only in furniture, clothing, luggage, bags, and shoes, but also in car seat interiors and upholstery. The demand for high quality, functional polyurethanes from global synthetic leather manufacturers continues to grow as the production of synthetic leather products increases and the industry structure upgrades.

Increased global environmental awareness

Polycarbonate diols have been widely used to produce a wide range of polyurethane materials with excellent quality and performance. In addition, with increased global environmental awareness and stringent regulations, the industry's preference for polyurethane materials has shifted from solvent-based to water-based. To alleviate this problem, polycarbonate can be used instead of traditional polyols to improve the hydrolysis resistance of polyurethane materials. Therefore, polycarbonate diols can be widely used in the production of water-based polyurethane materials.

Region Overview:

In 2021, the share of the Polycarbonate Diol market in Asia Pacific stood at 67.82%.

Company Overview:

UBE Industries is one of the major players operating in the Polycarbonate Diol market, holding a share of 32.84% in 2022.

UBE Industries

Ube was one of the largest integrated chemical companies in Japan and was founded in 1942. The actual business scope spans the fields of minerals, medical care, building materials, machinery manufacturing, and electric power.

Tosoh Corporation

Tosoh Corporation is a company of the Japan Chemical and Special Products and Materials Group, which was founded in 1935 and was originally a manufacturer of chlor-alkali and petrochemical commodities and raw materials. Today, it produces other types of products, including electrolytic manganese dioxide (EMD), specialty polymers, fine chemicals, scientific instruments and thin film materials.

Segmentation Overview:

By type, Liquid PCD segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Polyurethane Elastomers segment occupied the biggest share from 2017 to 2022.

Polyurethane Coating

Polyurethane coatings are a layer of polyurethane (a polymer) that can be applied to the surface of a material.

Polyurethane Adhesives

Polyurethane adhesives have toughness and flexibility even at low temperatures. Two-component polyurethanes are used for large surface adhesive bonding, as in vehicle superstructures.

Polyurethane Elastomers

Elastic polyurethane is a class of polyurethane materials with rubber properties. Manufacturing materials and coatings made of elastomer can be provided.

Key Companies in the global Polycarbonate Diol market covered in Chapter 3:

Covestro
Caffaro Industrie S.p.A.
Mitsubishi Chemical Corporation
Cromogenia-Units, S.A.
UBE Industries
The Perstorp Group
Tosoh Corporation
Saudi Aramco
Asahi Kasei

In Chapter 4 and Chapter 14.2, on the basis of types, the Polycarbonate Diol market from 2018 to 2029 is primarily split into:

Liquid PCD
Solid PCD

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polycarbonate Diol market from 2018 to 2029 covers:

Polyurethane Coating
Polyurethane Adhesives
Polyurethane Elastomers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)