Published Date : May 25, 2016
The global graft polyols market has been experiencing a rapid rise in its market valuation. The growth in the market for flexible polyurethane foams has impacted positively on the demand for graft polyols in the global arena. The growing demand for natural oil based graft polyols in the global medical and healthcare industry is also driving this market significantly.
Asia Pacific Leads Global Graft Polyols Market
The global market for graft polyols has been led by Asia Pacific since the last few years. The region held more than 45% of the overall market in 2014.
The increasing disposable income of consumers, owing to the advancing economy in this region, has driven the automotive and furniture markets in Asia Pacific significantly over the past few years, thereby increasing the demand for graft polyols. This factor has propelled the Asia Pacific market for graft polyols remarkably in the recent times. Analysts project this regional market to maintain its dominance in the coming years on account of the growing demand from Japan, China, Singapore, and Malaysia. Here is a snapshot of the performance of other regional markets for graft polyols.
The major companies operational in the graft polyols market across the world are Jilin Shenhua Group Co. Ltd., BASF SE, China Petroleum & Chemical Corp., Oltchim S.A., The Dow Chemical Co., and Royal Dutch Shell Plc.