The polycarbonate diols market is anticipated to grow at a CAGR 4.8% during the forecast period. Rising demand for data storage devices in consumer electronics are the factors that are propelling the growth of the global polycarbonate diols market. The key participants operating in the polycarbonate diols market could be benefited from its flame retardant and heat resistance properties of the product. For these properties of the polycarbonate diols, it is use as a substitute material in the electronic gadgets manufacturing process is growing. The growing demand of lightweight cellular phones is driving the sale of polycarbonate diols during the forecast period.

Polycarbonate diol is a kind of polyol chemical material with two ends, that are OH functional group molecular & molecular weight ranges from hundreds to thousands. Polycarbonate diol is used in a large scale to produce various polyurethane materials. Moreover, the government-imposed regulation and the growing environmental awareness and, the growing preference of industry from solvent-based towater-based polyurethane materials is driving the market growth. Also, polycarbonate is used to make polyurethane materials hydrolysis resistant. That’s why, polycarbonate diols are largely used in the manufacturing process of the waterborne polyurethane materials.  

Due to some exceptional properties, use of polycarbonate is increasing in mechanical and chemical industry. Furthermore, the presences of ecologically harmful compound bisphenol A in the product are the factor hampering the growth of the polycarbonate diols market. Moreover, the growing economy of the developing countries is driving the of growth in the polycarbonate diols market over the forecast period.  

Segmental Outlook 

The global polycarbonate diols market is segmented based on type and application. Based on type, the market is sub-segmented into solid PCD and liquid PCD. Based on Application, the market is sub-segmented into polyurethane elastomers, polyurethane adhesives, polyurethane coating, and others.Based on Industry, the market is segmented into oil & gas, automotive, building & construction, electronics, and other.

Solid PCD will be the largest segment by Type

Solid PCD is expected to hold the largest segment in the polycarbonate diols market during the forecast period. Some of the major properties of solid polycarbonate diols in polyurethane productsareoxidation, stain, hydrolysis and wear resistant in comparison with polyester polyols and polyester. It provides best performance, strength, high thermal stability, and high mechanical properties, when it is used in low temperature. Solid polycarbonate diols have various applications in the synthetic leather industry. Also, it is used in coatings application and paints. Therefore, rising demand from these applications propels the polycarbonate diols market during the forecast period. 

Global Polycarbonate Diols Market Share by Type, 2018 (%)

Regional Outlooks

The polycarbonate diols market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold the maximum market share in the polycarbonate diols market during the forecast period.Increasing environmental awareness and stringent regulation that support the growth of eco-friendly chemicals markets. Polycarbonate diols are eco-friendly and impart large performance features in polyurethane that leads to the increasing market growth. Moreover, owing to an extensively usage of polycarbonate diolsin the automobile and electronics industry, Asia-Pacific polycarbonate diols market gained a considerable share in the international polycarbonate diols market. 

China is one of the giant manufacturers of polycarbonate diols as well as the consumer, and also China is one of the largest exporters of polycarbonate diols. Moreover, increasing production in emerging economies, rising government support, growing application in various sectors and low production cost are the factors that fuel the market growth in the region.Additionally, the presence key of manufacturers of the polycarbonate diols in the Asia-Pacific is one of the drivers for the market growth. 

Global Polycarbonate Diols Market Growth, by Region 2019-2025

Market Players Outlook

The key players of the polycarbonate diols market include Asahi Kasei Corp., Caffaro Industrie S.p.A., Covestro AG, Cromogenia-Units, S.A., ICC Industries, Inc., Mitsubishi Chemical Corp., Perstorp Holding Corp., Tosoh Corp., UBE Industrial, Ltd., and Zhongshan Good Life Sun Sheet Co. Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global polycarbonate diols market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.