MarketsandMarkets Identifies Asia Pacific as the Biggest Market for Polyols
The report "Polyols Market by Product Type (Polyester, Polyether) by Applications (Rigid Foam, Flexible Foam, CASE) and by Region - Trends & Forecasts to 2019", defines and segments the global polyols market with analysis and forecast of the market size by value and volume. It also identifies driving and restraining factors for the global polyols market with the analysis of trends, opportunities, burning issues, winning imperatives and challenges. The market is segmented and values are forecast for key regions such as North America, Europe, Asia-Pacific and Rest of the World (Row). The key countries are covered and forecast for each region. Further, the market is segmented and values are forecast on the basis of different types of applications and types.Asia-Pacific: Biggest Market of Polyols Asia-Pacific is currently the largest market of Polyols. China is the largest consumer of polyols in this region. Rapidly growing population, government regulations to increase construction activities, growth in automotive industry, and increasing demand of textile and furniture are the favorable market forces for growth of polyols in this region. These factors are attracting the market players for expanding their businesses in Asia-Pacific region. The market for polyols is expected to reach $12,210.30 million by 2019 in Asia-Pacific region.Polyurethane (Flexible Foam): Biggest segment of polyols Polyurethane (Flexible Foam) is currently, the largest consumer of polyols. The polyurethane flexible foam is used in number of applications such as textiles and fibers, auto motive industry, construction industry and furniture, carpet cushion, bedding, and packaging. The polyurethane flexible foams provide durability and comfort, energy absorption and also support and comfort. Its consumption is expected to reach $12,782.84 million by 2019. Asia-Pacific is currently the largest consumer of polyurethane (flexible foams).the market size in terms of value, for polyurethane (flexible foam) is expected to grow at a CAGR of 10.30% from 2014 to 2019. India is the fastest growing market for polyurethane (flexible foam) registering a CAGR of 12.66% from 2014 to 2019.
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