Polycarbonate Diols Market To Reach $388.85 Million By 2030

Polycarbonate Diols Market Growth & Trends

The global polycarbonate diols market size is anticipated to reach USD 388.85 million by 2030, registering a CAGR of 5.4% during the forecast period, according to a new report by Grand View Research, Inc. Increased utilization of polycarbonates in the automotive, building & construction, and electrical & electronics industries is expected to drive product demand. Moreover, the increasing population in emerging economies, such as India and China, and the ongoing industrialization and urbanization have led governments of different countries to increase their construction spending to meet the infrastructure requirements. This, in turn, is anticipated to fuel product demand as they are used in building & construction applications.

The presence of stringent regulations regarding the recyclability of polycarbonate and the depletion of conventional materials, such as wood and metals, is expected to drive product usage in the development of floorings, pipes, windows, insulation, cables, and storage tanks used in the construction industry. Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and enhance their industry share. In July 2023, the Mitsubishi Chemical Group announced the selection of their plant-derived polycarbonate diol, named BENEBiOL, for the interior finish coating at the Lawson Obihiro Nishi 21-Jo Minami 4-chome Store in Obihiro City, Hokkaido, Japan.

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Polycarbonate Diols Market Report Highlights

• The 1000 g/mol - below 2,000 g/mol dominated the molecular weight segment with a share of more than 40.0% in 2023, as they cater to specific applications owing to characteristics, such as high flexibility, durability, and adhesion

• The 2000 g/mol and above segment is expected to grow at a significant CAGR over the forecast period

• The solid form segment held a substantial market share in 2023. The market's growth is being driven by the several characteristics of solid polycarbonate diols, such as high resistance to hydrolysis, oxidation, stain, and wear

• Sedentary lifestyles and increasing environmental concerns regarding carbon emissions are contributing to the demand for more sustainable products, such as polycarbonate diols, in the construction and automotive industries

• Asia Pacific dominated the market in 2023 owing to high demand for innovations that offer hydrolytic stability, flexibility, and chemical & oil resistance

Polycarbonate Diols Market Segmentation

Grand View Research has segmented the global polycarbonate diols market on the basis of molecular weight, form, application, and region:

Polycarbonate Diols Molecular Weight Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Below 1,000 g/mol

• 1000 g/mol - below 2,000 g/mol

• 2000 g/mol and above

Polycarbonate Diols Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solid

• Liquid

Polycarbonate Diols Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Synthetic Leather

• Paints & Coatings

• Adhesives & Sealants

• Elastomers

• Others

Polycarbonate Diols Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Polycarbonate Diols Market

• Covestro AG

• Tosoh Corporation

• Mitsubishi Chemical Corporation

• UBE Corporation

• Asahi Kasei Corporation

• Daicel Corporation

• Chemwill Asia Co. Ltd.

• Perstorp Group

• GRR Fine Chem Pvt. Ltd.

• DuPont