Polycarbonate Diols Market Share

APAC Market Statistics

The Asia Pacific polycarbonate diols market, amongst the market in all the other regions, is projected to hold the largest market share of about 47% by the end of 2037. The growth of the market can be attributed majorly to the prominent presence of several end-users who use polycarbonate diols for the manufacturing of different end-use products. Moreover, the presence of nations, such as China and India, who are also the largest consumers of polycarbonate diols in the region, is also anticipated to drive the growth of the market in the Asia Pacific region. Korea, on the other hand, accounted for the largest exporter of polycarbonates globally. According to the trade statistics of the International Trade Centre, China accounted for the largest share of 34.42% globally for the imports of polycarbonates in the year 2019, whereas the Republic of Korea recorded a share of 14.15% globally for the exports of polycarbonates the same year. Such factors are anticipated to drive the growth of the polycarbonate diols market in the region throughout the forecast period.  

North American Market Forecast

The North American polycarbonate diols market, amongst the market in all the other regions, is projected to hold the second largest share of about 22% during the forecast period. The growth of the market can be attributed majorly to the rise in the high adoption of sophisticated technologies, as well as the existence of significant players, which are projected to provide ample prospects for market growth in the region. In addition to this, the surge in construction activities where the utilization of waterborne coatings has been increasing is also estimated to push the market growth further throughout the projected time frame in the region.

Europe Market Forecast

Further, the market in the European region, amongst the market in all the other regions, is projected to hold a considerable share of about 15% by the end of 2037. The growth of the market can be credited to the significant expanding investment in the chemical industry, along with the remarkably growing demand for vehicle interiors as of the surge in automobile production in the region. Moreover, the rising production of automotive elastomers is also projected to further drive the market growth of polycarbonate diols during the forecast period as these elastomers are highly utilized in the manufacturing of tires, automotive seals, and gaskets.