PU synthetic leather replaces natural leather in large quantities, driving the growth of the polycarbonate diol market

Polycarbonate diol (polycarbonate diol) is produced by transesterification reaction with dimethyl carbonate or diphenyl carbonate using small molecule diol as starting agent. Polyurethane made from polycarbonate diol has excellent weather resistance, hydrolysis resistance and wear resistance, and is used in thermoplastic polyurethane elastomer, PU synthetic leather, water-based paint and solvent-based polyurethane coatings. Polycarbonate diols can be combined with aliphatic isocyanates to formulate coatings, adhesives, etc., with excellent weather resistance and hydrolysis resistance. Applications also include roofing membranes and flow-type or sag-resistant sealants.

Industrial Research Center issued the 2022 Global and China Gathering “Carbonate diol industry in-depth research report” shows that the global polycarbonate diol industry market size will grow from US$260 million in 2022 to US$410 million in 2027. The compound value during the forecast period The annual growth rate is 7.2%. The major factors driving the polycarbonate diol industry during the forecast period include rising demand for high-performance polyurethane in PU synthetic leather applications and rising global demand for water-based paints and coatings.

The application of PU Synthetic Revolution is increasingly widely the key to market growth

The natural leather industry is constrained by the tight supply of raw materials, and the environmental pollution caused by the production process of natural leather has also attracted people’s attention. Factors such as animal protection and changes in consumer demand have promoted the global market from natural leather to PU synthetic leather. A major shift. PU synthetic leather has stronger physical and chemical properties and is closer to natural leather in terms of handling, texture and appearance. With the increase in the output of PU synthetic leather products and the upgrading of the industry structure, the demand for high-quality, functional polyurethane from PU synthetic leather manufacturers has been steadily growing globally. Polycarbonate diol can be well applied to PU synthetic leather. In production, also affected by this, polycarbonate diol continues to rise.

        Asia Pacific will become the largest market during the forecast period

Due to the low production cost of PU synthetic leather and the relatively tolerant supervision of environmental requirements in some countries in Southeast Asia, the Asia-Pacific region is a target market for “global industrial transfer”. Moreover, the manufacturing industry in the Asia-Pacific region has also achieved long-term development. The growth of the manufacturing industry will help drive the demand for the polyurethane market, which will further promote the growth of the polycarbonate diol market.

The major competitors in the global polycarbonate diol market are Ube Industries Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Asahi Kasei Co., Ltd. (Japan), Covestro AG (Germany), Tosoh Corporation ( Japan), Daicel Co., Ltd. (Japan), Perstorp Group (Sweden), Saudi Arabian Oil Company (Saudi Arabia), GRR Fine Chem Pvt. Ltd. (India), Haiwei Chemical (China), etc.