Reports

Global Polyols Market is Expected to Grow at a CAGR of 6% in the Forecast Period of 2021-2026.

Polyols Market

Global Polyols Market Size, Share, Trends, Forecast: By Type: Polyether Polyols, Polyester Polyols; By Application: Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE (Coatings, Adhesives, Sealants and Elastomers), Others; By Industry: Carpet Backing, Packaging, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Polyols Market Outlook

The global polyols market size reached USD 30.88 billion in 2023. The global polyols market is expected to attain USD 52.34 billion by the year 2032, growing at a CAGR of 6% during the forecast period of 2024-2032.

 

The Asia Pacific is among the industry's leading regions. The rising automotive market is expected to remain a main factor in driving the regional market together with increased polymer consumption. In the forecast period, the Asia Pacific will also register the fastest growth. The other major consumer of the product is Europe, led by Germany, the United Kingdom, and France. The rising demand for energy-efficient insulation in low-income households, together with favourable government regulatory aid, is predicted to boost Europe's polyol production. All these factors are likely to boost the global polyols market.

 

Global Polyols Market

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The existence of various automobile manufacturers, along with the rising building and construction industries in Latin America, are expected to drive the industry and propel the substantial growth of the polyols industry. Throughout the region, car manufacturers are extremely competitive and use polyurethane materials to decrease manufacturing costs.

 

Properties and Applications

Polyols are used in polymer chemistry to generate isocyanate reaction polyurethane, primarily used to manufacture polyurethane coatings, adhesives and sealants, elastomers, among others. As a consequence of the increased demand for polyurethane in multiple end-users, including the automotive, construction, electronics, furnishing as well as footwear, the global polyol market is witnessing significant growth. Polymeric polyols respond to polyurethanes that are used to produce mattresses, cooling and freezer foam insulation, car and domestic seats, elastomeric shoe soils, fibre (e.g. SPANDEX), as well as adhesives.

 

Global Polyols Market

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The types of the product can be divided into the following:

  • Polyether Polyols
  • Polyester Polyols

It finds wide applications in the following:

  • Flexible Polyurethane Foam 
  • Rigid Polyurethane Foam 
  • CASE (Coatings, Adhesives, Sealants & Elastomers)

By industry, the polyols market can be segmented into:

  • Carpet Backing
  • Packaging
  • Furniture
  • Automotive
  • Building and Construction
  • Electronics
  • Footwear
  • Others

The regions included in the global polyols market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

Increasing energy conservation efforts are driving the demand for rigid foams possessing high isolation properties, notably in the construction and building industries. This is anticipated to emerge as a major factor for the global industry growth over the forecast period along with urbanisation. Construction growth is expected to increase product consumption of construction products, like external panels, insulating materials, and housing electronics to meet the demand from the rapidly increasing population, mainly in the Asia Pacific region. The expansion of automotive manufacturing and packaging also contributes to the growth of the market. Insulated buildings and houses help to conserve electricity and reduce greenhouse gas emissions. The growing demand for PU-based foams also serves as the key drivers in the electronics and electrical industries. Flexible polyurethane foams are polyol derivatives used in the manufacture of vehicle headliners, headrests, rests of arms, headliners for heating and ventilation. The market is also being driven by the rising production of bio-based polyols. 

 

Global Polyols Market

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Competitive Landscape

The report gives a detailed analysis of the following key players in the global polyols market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Royal Dutch Shell Plc
  • Covestro AG
  • The Dow Chemical Company
  • Wanhua Chemical Group Co., Ltd.
  • Huntsman International LLC
  • Stepan Company
  • Repsol 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report:

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Industry, Region
Breakup by Type Polyether Polyols, Polyester Polyols
Breakup by Application Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE (Coatings, Adhesives, Sealants & Elastomers), Others
Breakup by Industry Carpet Backing, Packaging, Furniture, Automotive, Building & Construction, Electronics, Footwear, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Royal Dutch Shell Plc, Covestro AG, Dow, Wanhua Chemical Group Co., Ltd., Huntsman International LLC., Stepan Company, Repsol, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Polyols Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Polyols Historical Market (2018-2023) 
    8.3    Global Polyols Market Forecast (2024-2032)
    8.4    Global Polyols Market by Type
        8.4.1    Polyether Polyols
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Polyester Polyols
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Polyols Market by Application
        8.5.1    Flexible Polyurethane Foam
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Rigid Polyurethane Foam
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    CASE (Coatings, Adhesives, Sealants and Elastomers)
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Polyols Market by Industry
        8.6.1    Carpet Backing
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Packaging
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Furniture
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Automotive
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Building and Construction 
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Electronics
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Footwear
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Others   
    8.7    Global Polyols Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Polyols Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe  Polyols Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Polyols Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Polyols Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Polyols Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Price  Analysis
    16.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    BASF SE
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Royal Dutch Shell Plc
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Covestro AG
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    The Dow Chemical Company
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Wanhua Chemical Group Co., Ltd.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Huntsman International LLC
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications    
        17.2.7    Stepan Company
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Repsol S.A.
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications            
        17.3.9    Others
18    Key Trends and  Developments in the Market

 

List of Key Figures and Tables

1.    Global Polyols Market: Key Industry Highlights, 2018 and 2032
2.    Global Polyols Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Polyols Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Polyols Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Polyols Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Polyols Historical Market: Breakup by Industry (USD Million), 2018-2023
7.    Global Polyols Market Forecast: Breakup by Industry (USD Million), 2024-2032
8.    Global Polyols Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Polyols Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Polyols Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Polyols Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Polyols Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Polyols Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Polyols Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Polyols Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Polyols Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Polyols Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Polyols Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Polyols Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Polyols Market Structure

Key Questions Answered in the Report

What was the global polyols market size in 2023?

The global polyols market reached a value of USD 30.88 billion in 2023.

What is the growth rate of global polyols market?

The global polyols market is projected to grow at a CAGR of nearly 6% in the forecast period of 2024-2032.

What is the forecast outlook of the global polyols market for 2024-2032?

The global polyols market is estimated to reach a value of about USD 52.34 billion by the year 2032.

What are the major market drivers?

The major drivers of the global polyols market include rising disposable incomes, increasing population, rising construction industry, and the growing demand from the automobile sector.

What are the key trends in the market?

The rising production of bio-based polyols is expected to be a key trend guiding the growth of the market.

What are the major regions according to the market report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

What are the major types of polyols in the market?

The major product types in the market include polyether and polyester polyols.

What are the major application sectors for the market?

Polyols find wide applications in flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers), among others.

What is the market segmentation based on industry?

Based on industry, the market is divided into carpet backing, packaging, furniture, automotive, building and construction, electronics, and footwear, among others. 

Who are the key market players according to the report?

The major players in the market are BASF SE, Royal Dutch Shell Plc, Covestro AG, The Dow Chemical Company, Wanhua Chemical Group Co., Ltd., Huntsman International LLC., Stepan Company, and Repsol S.A., among others.

Analyst Review

The global polyols market size reached USD 30.88 billion in 2023, driven by the rising construction industry. Aided by the growing production of bio-based polyols, the polyols market is expected to attain USD 52.34 billion by the year 2032, growing at a CAGR of 6% during the forecast period of 2024-2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global market for polyols can be segmented into polyether polyols and polyester polyols. On the basis of application, the global polyols market can be divided into flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers). Flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers) are the major industry segments in the industry. The major regions in the global polyols market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the global polyols market include BASF SE, Royal Dutch Shell Plc, Covestro AG, Dow, Wanhua Chemical Group Co., Ltd., Huntsman International LLC., Stepan Company, Repsol S.A., Others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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