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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 2016, 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.
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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.
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