Application in Paint and Coating Industry to Drive the Global Aliphatic Polycarbonate Diols Market

Introduction

Aliphatic polycarbonate diols are largely used in the production of high-quality polyurethanes. As compared to standard polyester polyols, these diols provide impact resistance, hardness, enhanced hydrolytic stability, and chemical resistance. The development of various polymerization techniques has overcome the hurdle in preparing high molecular weight aliphatic polycarbonates, which is propelling the growth of the market.

Market Segmentation

The global aliphatic polycarbonate diols market is segmented by type and application.

Based on the type, the market is segmented into the solid and liquid. The solid type is expected to account for a prominent market share during the forecast period, 2019–2026. This type is utilized as per the consistency and application to enhance water, scratch, corrosion, and abrasion resistance, as well as provide gloss.

Based on the application, the aliphatic polycarbonate diols market is segmented into polyurethane elastomers, polyurethane adhesives, and polyurethane coating. Polyurethane coatings are expected to account for a significant share as compared to other applications. They are flexible and tough and modified polyurethane conformal coatings are used in the protection of electronic circuitry as they have excellent dielectric and mechanical properties.

Regional Landscape

Geographically, the global aliphatic polycarbonate diols market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Asia-Pacific is expected to dominate the aliphatic polycarbonate diols market during the forecast period, owing to rapid industrialization, presence of a large chemical industry, and adoption of advanced techniques in manufacturing and production. Rapid advancement in robotics and increasing need for cost-effective alternatives are further projected to drive market growth in Asia-Pacific.

Europe is likely to witness a considerable growth in the aliphatic polycarbonate diols market during the forecast period owing to the growing demand for better materials, well developed technology, and availability of funds for research and development in the region.

North America is expected to grow at a steady rate during the forecast period, 2019–2026. The key driving factors for the growth of the aliphatic polycarbonate diols market include availability of funds, growing demand for cheaper alternatives, and presence of leading companies.

The LAMEA region is expected to account for the smallest market share due to limited development in the manufacturing sector.

Competitive Players

1. Asahi Kasei Corporation
2. BASF SE
3. Caffaro Industries SPA
4. Covestro AG
5. Cromogenia Units S.A.
6. Mitsubishi Chemical Holding Corporation
7. The Perstorp Group
8. Saudi Arabian Oil Co.
9. Tosoh Corporation
10. UBE Industries Ltd.
11. Daicel ChemTech
12. Stepan Company
13. Evonik Industries AG
14. Wanhua Chemical Group Co., Ltd.
15. Stahl Holdings B.V.

Recent Developments

• June 2022 – A study named “Controlled production of different diols and dimethyl carbonate to create aliphatic polycarbonate diols” was done. In this study, aliphatic diols and dimethyl carbonate (DMC) are chosen as reactants, and CH3COONa is utilized as a catalyst to create a range of PCDLs with various molecular weights and structures through ester exchange polymerization. Gas chromatography is used to examine the constituents of the distillates in the ester exchange stage, and FT-IR, 1H NMR, and 13C NMR are used to characterize the chemical structures of the PCDLs.

Segmentation

1. By Type:
   1. Solid
   2. Liquid
2. By Application
   1. Polyurethane Elastomers
   2. Polyurethane Adhesives
   3. Polyurethane Coating
   4. Others