Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Polyols Market is Expected to Grow at a CAGR of 6% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Polyols Market Report and Forecast 2020-2025’, the global polyols market size reached USD 25.6 billion in 2019. The global polyols market is expected to reach USD 35.7 billion by the year 2025, growing at a CAGR of 6% between 2020 and 2025.

The global polyols market is being driven by the growing demand for polyols in the automotive and construction sectors. Polyols are essential in the manufacturing of polyurethane foams that are used in many end-user industries like the automotive and building industries. In addition, the demand for polyurethane foam is growing as the automotive and construction markets grow, thus, aiding the polyols market globally.

In September 2015, BASF SE (OTCMKTS: BASFY), one of the key players in the industry, extended its range of bio-based, high-quality polyols marketed under Sovermol. The products are used to manufacture two-component polyurethane coatings with extremely low emissions, for internal and external applications. The new polyol by BASF with Sovermol 830 makes indoor flooring more resistant, for example, in warehouses of industry or sports halls. As the resin is made from renewable raw materials and does not contain any VOCs, it contributes significantly to the development of sustainable coatings with especially high levels of stability as well as durability.

Market Analysis by Type, Applications, and Regions:

  • The types of polyols are divided into polyether polyols and polyester polyols.
  • Polyols find applications in flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers).
  • The regional markets for polyols include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global polyols market is majorly being driven by the rapid industrialisation.
  • The growth of the polyols market is being aided by the growth of the construction and automotive sectors.
  • Insulated houses and buildings help conserve energy and, thus, help in reducing the emission of greenhouse gases to an extent, which is driving the market growth.
  • The demand for polyols is driven by the growth of various industries, including furniture, electronics, packaging, and footwear.
  • The rapidly rising population and the rising demand for housing facilities are driving the demand for polyols, especially in developing countries.
  • The thriving demand for polyurethane foams in the automotive sector is also propelling the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global polyols market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, applications, and major regions of polyols.
  • The EMR report also provides an insight into the regional price trends of the global polyols market for the (2015-2019) and (2020-2025) periods.
  • It assesses the market based on the SWOT as well as Porter’s Five Forces analysis.

The major key players in the global polyols market include companies like BASF SE, Covestro AG, Royal Dutch Shell PLC, Mitsui Chemicals, Wanhua Chemical Group, Huntsman Corporation, and Stepan Company, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Styrenics Market Report and Forecast 2020-2025


Global Cross Linked Polymers Market Report and Forecast 2020-2025



Global Neoprene Market Report and Forecast 2020-2025


NEWSLETTER