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.
This 87 page report gives readers a comprehensive
overview of the Graft polyols market. Browse Market Research Report @
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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Graft polyols market. Request a sample to stay abreast on the key
trends impacting this market@
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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