The new report by Expert Market Research titled, ‘Global Polyols Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global polyols market, assessing the market based on its segments like product application, industry, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 25.6 Billion
• Forecast CAGR (2021-2026): 6%
• Forecast Market Size (2026): USD 35.7 Billion
The growth of the global polyol market is driven by the increasing demand from construction sector. The growing demand for construction products such as electronics, insulation materials and external panels are expected to push the market growth. Additionally, increasing urbanisation and construction projects are projected to increase demand for doors, windows, building panels, furniture, and carpets. Moreover, the growing demand for polyol derivative flexible polyurethane foam from automobile industry for arm rests, headliners for heating and ventilation among others is expected to further boost the market growth.
Industry Definition and Major Segments
Polyols are organic compounds containing multiple hydroxyl groups. Polyols find application primarily in polymer chemistry such as manufacturing of adhesives, sealants, polyurethane foam coatings, and elastomers, among others.
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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 regional markets for polyols include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Regionally, Asia Pacific is expected to lead the global market for polyols. The rapid urbanisation and industrialisation in the developing economies such as India and China are expected to drive the regional demand for polyols. The region is also anticipated to witness the fastest growth rate. Meanwhile, Europe and North America are projected to hold a significant share attributing to the increasing demand for building insulation materials. Additionally, the increasing government legislations towards improving energy efficiency of the buildings, conserve electricity and reduce greenhouse emissions is projected to boost the demand for rigid and flexible polyurethane products over the forecast period.
Key Market Players
The major players in the market are BASF SE, Royal Dutch Shell Plc, Covestro AG, Dow, Wanhua Chemical Group Co., Ltd., Huntsman International LLC, Mitsui Chemicals Inc., Stepan Company, Repsol, and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: 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.
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