Transparency Market Research has published a new report titled “Graft
Polyols Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2015 - 2023.” According to the report, the
global graft polyols market was valued at US$668.8 mn in 2014 and is
anticipated to reach US$1,037.5 mn by 2023, expanding at a CAGR of
5.0% between 2015 and 2023.
Asia Pacific dominated the global graft polyols market with a share
over 45% in 2014. The purchasing power parity of consumers has
increased due to recent economic development in countries such as
China, Japan, Singapore, and Malaysia. Consumer preference has
shifted toward the need for luxurious furniture and automotive
equipped with high-comfort seating system in developing countries in
Asia Pacific. Thus, rising need for flexible polyurethane foams from
furniture and automotive industries boosted the graft polyols market
in Asia Pacific in the past few years.
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In terms of country, China accounted for the largest share of the
graft polyols market in Asia Pacific in 2014. This country is
estimated to depict the fastest-growth rate among other countries in
Asia Pacific in the next eight years. ASEAN is likely to exhibit high
growth potential in the graft polyols market due to rapid growth of
automotive and furniture industries in this region.
Europe and North America generated significant demand for graft
polyols in the past few years. Europe accounted for the
second-largest share of the graft polyols market in 2014. In terms of
volume, Germany was the largest consumer of graft polyols in Europe
in 2014, followed by Italy and the U.K. Demand for high resilient
foams in carpets, cushions, automotive seating, and protective
packaging boosted the graft polyols market in developed countries in
Europe. Germany is projected to register the fastest-growth rate in
the graft polyols market in Europe during the forecast period. In
terms of demand, the U.S. dominated the market for graft polyols in
North America in 2014.
Middle East & Africa is likely to be the lucrative market for
graft polyols in the next few years. Furniture and automotive
industries are likely to witness potential growth in Middle East &
Africa during the forecast period. This, in turn, is expected to
drive significant demand for graft polyols. GCC held considerable
share of the graft polyols market in Middle East & Africa in
2014.
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GCC and South Africa are likely to exhibit remarkable growth rate
during the forecast period. Latin America is also anticipated to be
another attractive market for graft polyols in the next few years.
The graft polyols market in Brazil is anticipated to be the
fastest-growing market in Latin America by 2023.
The
report segments the graft polyols market as follows:
Graft
Polyols Market – Regional Analysis
North
America
- U.S.
- Rest of North America
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia
Pacific
- China
- Japan
- ASEAN
- Rest of Asia Pacific
Latin
America
- Brazil
- Rest of Latin America
Middle
East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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