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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Manufacturers of Polyols
The market players are increasing their collaboration and increasing the manufacture of sustainable polyols to gain a competitive edge in the polyols market
BASF SE, founded in 1865 and headquartered in Ludwigshafen, Germany, specialises in chemicals, plastics, performance products, agricultural solutions, and oil and gas.
Royal Dutch Shell Plc, established in 1907 in The Hague, Netherlands, focuses on oil, natural gas, gasoline, diesel, lubricants, and various petrochemicals.
The Dow Chemical Company, founded in 1897 in Michigan, United States, produces polyethylene, polyurethane, silicone, and specialty chemicals.
Wanhua Chemical Group Co., Ltd., established in 1978 in Shandong, China, is known for manufacturing MDI (methylene diphenyl diisocyanate), TDI (toluene diisocyanate), and various polyurethane systems.
Other key players in the polyols market Covestro AG, Huntsman International LLC, Stepan Company, and Repsol S.A., among others.
Polyols Market Report Snapshots
Polyols Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global polyols market reached a value of USD 30.88 billion in 2023.
The global polyols market is projected to grow at a CAGR of nearly 6.0% in the forecast period of 2024-2032.
The global polyols market is estimated to reach a value of about USD 52.34 billion by the year 2032.
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.
The rising production of bio-based polyols is expected to be a key trend guiding the growth of the market.
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.
The major product types in the market include polyether and polyester polyols.
Polyols find wide applications in flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers), among others.
Based on industry, the market is divided into carpet backing, packaging, furniture, automotive, building and construction, electronics, and footwear, among others.
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.
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Australia
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124