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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Polyols Market Analysis by Region
The Asia Pacific is the leading region of the market. The rising automotive sector in the region is expected to remain a main factor in driving the regional market along with increased polymer consumption. The rising middle-class population and increasing disposable incomes in the Asia Pacific region are also leading to higher demand for consumer goods, including electronics, furniture, and footwear as polyols are used in manufacturing various components of these products, such as cushioning, insulation, and coatings. Technological advancements and innovation in polyol production and applications are making these materials more accessible and cost-effective, further driving their demand in the region.
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 the polyols market in Europe. The existence of various automobile manufacturers, along with the rising building and construction sectors in Latin America, is expected to drive market growth in the region.
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
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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