Polycarbonate Diols Market Size

Polycarbonate Diols Market size was over USD 282.61 million in 2024 and is projected to cross USD 608.25 million by the end of 2037, witnessing more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polycarbonate diols is estimated at USD 296.4 million.

The growth of the market can be attributed to the increasing utilization of polycarbonate diols to fulfill the massively surging demand and production of synthetic leather and synthetic leather products throughout the world. For instance, Taiwan's polyurethane synthetic leather (PU leather) production output has surpassed roughly 17 million meters in 2020. Moreover, the rising shifts towards water-borne paints and coatings is another major factor anticipated to spike the growth of the global polycarbonate diols market during the forecast period.

In addition to these, factors that are believed to fuel the market growth of polycarbonate diols include their excellent hydrolytic stability which makes them an excellent product to be used in wide applications. For instance, owing to low moisture absorption and the ability to hydrolyze without creating an acidic molecule, polycarbonate diols have the highest hydrolytic stability among polyester polyols. Acid molecules autocatalyze additional hydrolysis in the soft block of the polyurethane. Additionally, radical expansion in environmental consciousness among people, along with the surge in the strict regulatory policies to conserve the environment is also estimated to spur market growth during the projected time frame.