Aromatic polyester polyol market value increases steadily

Source: China National Chemical News September 09, 2019

Recently, Persistence Market Research released the latest report predicting that by 2026, the global aromatic polyester polyol market will reach $1.5 billion, with a compound annual growth rate of 5.2%.

In terms of use, aromatic polyester polyols used to manufacture rigid foams are expected to account for most of the consumption,The global market valuation at the end of 2017 has reached US$1 billion. The promotion of energy-efficient buildings will also drive the growth of spray foam demand. The increase in the amount of plates and panels with pipeline insulation will benefit the polyurethane and polyisocyanate foam insulation packaging market, and will also have a positive impact on flexible foams, coatings, adhesives and sealants, and elastomers.

In terms of regions, North America and Europe are the main markets for aromatic polyester polyols. As China increases its energy-saving building construction, China's demand for aromatic polyester polyols is expected to exceed that of Europe. In addition, the demand for aromatic polyester polyols in the Middle East, Africa, Southeast Asia, and Latin America will also increase.