Polyols Market

Polyols Market by Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), and Region (APAC, Europe, North America, South America and Middle East & Africa) - Global Forecast to 2024

Report Code: CH 3057 Jun, 2019, by marketsandmarkets.com

[118 Pages Report] The polyols market size is estimated to be USD 26.2 billion in 2019 and is projected to reach USD 34.4 billion by 2024, at a CAGR of 5.6%. The increasing consumption of polyurethane foam in the construction and automotive industries is a major factor driving the global polyols demand during the forecast period. Furthermore, the increasing refrigerator and freezer manufacturing in APAC is another factor driving the polyols market. Polyol-based rigid foam is highly used in the domestic and commercial refrigerators owing to its properties, such as confined structure, lightweightedness, and cost-effectiveness.  

Polyols Market

Polyether polyols segment is estimated to lead the overall polyols market during the forecast period.

The polyether polyols segment is the dominant segment in the overall of polyols market. It is used as a raw material in the manufacturing polyurethane foams which are used in different applications in the construction and automotive industries. Polyurethane foams are majorly used in manufacturing furniture, carpets, vehicles interior, car seats, and others. The increasing demand for these products due to the high growth of the construction and automotive industries in the developing countries of APAC, South America, and the Middle East & Africa is expected to drive the market for polyols.  

Flexible polyurethane foam is estimated to be the largest application of polyols.

The flexible polyurethane foam segment is estimated to be the largest consumer of polyols in 2019. Flexible polyurethane foam is used in various products such as furniture, carpet cushion, transportations, bedding, packaging, textiles, and fibers. The increasing consumption of these products owing to the growth of the construction and automotive industries is expected to drive the demand for flexible polyurethane foam. Hence, the increasing demand for flexible polyurethane foam is expected to drive the polyols market during the forecast period.

Polyols Market

APAC is projected to be the fastest-growing polyols market.

APAC is estimated to be the fastest-growing polyols market during the forecast period. The APAC is segmented into China, Japan, India, South Korea, Thailand, Indonesia, and the Rest of APAC. The growing construction, automotive, and electronic & electrical industries in the region, owing to growing consumer spending and increasing income levels, is expected to boost the demand for polyols. Polyols are commonly used for manufacturing building panels, doors, windows, foams for car seats, furniture, and carpets used in the construction and automotive industries.

BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemical Group (China), LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), and Repsol SA (Spain) are the key players operating in the polyols market. These companies have adopted organic and inorganic growth strategies to strengthen their position in the market. New product launch and expansion are the key growth strategies adopted by these leading players to enhance their product offering and regional presence and meet the growing demand for polyols from emerging economies.

Market Dynamics

Driver: Growth of automotive and construction industries

Polyols are used in the manufacturing of polyurethane. Polyurethane foam is the major application of polyols contributing more than 65% of the overall consumption. The automotive and construction industries are the largest end-users of polyurethane foams. Polyurethane flexible foam is used in the cushioning for automotive seating. These foams are offered in the range of firmness and shapes to suit the needs of seating. According to International Organization of Motor Vehicle Manufacturers (OICA), Asia-Oceania and African regions have witnessed increase in passenger cars production with 9.3% and 11.5% respectively.

Polyurethane rigid foam is used in the insulation of walls, roofs, panels, and doors for effective temperature control. According to study, about half the energy used in the life of a buildings is for heating and cooling in US. According to a study by US Department of Energy, residential and commercial buildings consume 40% of the energy. Thus, effective insulation in the buildings can lead to less energy consumption thus contributing to the reduce carbon emissions. Further, energy conservation laws and regulations regarding energy efficient buildings are boosting the demand for rigid polyurethane foam for building and construction. Polyurethane foam is an optimal choice for insulation, contributes to considerable energy conservation, and hence enables reduction of CO2 emissions. Thus, the increasing demand for polyurethane foams from construction and automotive industries is driving the demand for polyols.

Restraint:  Stringent environmental regulations on the manufacturing of polyurethane foams

Polyurethane foams are extensively used in the furniture, building & construction, electronic, and automotive industries. Flexible polyurethane foam is majorly used in the bedding & cushioning applications. Rigid polyurethane foam is one of the most effective insulation materials available, making it suitable for the electronic industry, especially in refrigerators and freezers. The construction industry is a major user of polyurethane rigid foam.

National Emission Standards for Hazardous Air Pollutants (NESHAP), environmental regulations by the US EPA include some rules for new and existing plant sites that manufacture polyurethane foams. This rule was implemented in 1998 for the control of the emissions of chloromethane, MDI, TDI, propylene oxide, Butanone, and toluene. The standards imposed by this regulation reduce the hazardous air pollutant (HAP) emissions from all existing sources of polyurethane foam manufacturing by over 14,000 tons/year, thus reflecting 70% reduction from the baseline.

Further, overexposure to these harmful emissions is hazardous to humans, as it could cause skin, eye, nose, throat, and lung irritation. Thus, protective measures, including the use of engineering controls (local exhaust ventilation), appropriate personal protective equipment (respiratory protection), and other workplace practices (proper handling and storage) should be taken whenever there is potential exposure to airborne concentrations of diisocynates. However, these factors can add to the final production costs, thus reducing the profit margins of manufacturers.

Opportunity: Increasing demand for bio-based polyols

The demand for products made from renewable polyurethanes has grown with the increased demand for sustainable products. Natural oil polyols (NOPs), which are used as raw materials for alkyd paints, are now used to make polyurethane foams in the automotive applications. Bio-based polyols can be a replacement for existing polyols, as they have similar structure and properties and are derived from renewable raw materials. Bio-derived materials offer significant advantages over conventional polyols with regard to sustainability and reduction of petroleum dependence. Further, due to increasing pressure from regulatory bodies towards usage of eco-friendly products many major companies are venturing into development and commercialization of bio-based polyols, looking at the future prospect of bio-based polyols. Some of the major companies involved in the manufacturing and commercialization of bio-based polyols are BASF SE, DowDupont, Cargill Inc., and Stepan Company.

Challenge: Volatile prices of raw materials

The major intermediate chemicals or raw materials such as propylene oxide, ethylene oxide, adipic acid, and carboxylic acid are used to produce polyurethane polyols. Any change in the cost of these basic raw materials directly affects the production chain to final polyurethane products. Most of these raw materials are petroleum-based derivative and are vulnerable to the fluctuations in commodity prices. Oil prices have been highly volatile. Increasing global demand and geopolitical unrest in the Middle East from past few years have been primarily responsible for this. Volatility in crude oil prices resulted into supply constraints for ethylene oxide and propylene oxide. As the basic raw materials for polyols are derived from basic constituent crude oil, any price increase will reduce the margins for polyols producers, and this could result in price hike. Thus, the price volatility of raw materials is the major challenge of the polyols market.

Scope of the Report

Report Metric

Details

Years considered for the study

2017-2024

Base year considered

2018

Forecast period

2019-2024

Units considered

Value (USD), Volume (Kiloton)

Segments covered

Type, Application, End Use Industry and Region

Regions covered

APAC, North America, Western Europe, Central & Eastern Europe, Middle East & Africa, and South America

Companies profiled

BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemicals Group (China), LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), Repsol SA (Spain)
Total 25 major players covered.

This research report categorizes the polyols market based on type, application, and region.

The Polyols Market, By Type:

  • Polyether Polyols
  • Polyester Polyols

The Polyols Market, By Application:

  • Flexible Polyurethane Foam
  • Rigid Polyurethane Foam
  • CASE

The Polyols Market, By End Use Industry:

  • Carpet backing
  • Packaging
  • Furniture
  • Automotive
  • Building & Construction
  • Footwear
  • Electronics
  • Others

The Polyols Market, By Region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Key Market Players

BASF SE(Germany), Covestro AG(Germany), Royal Dutch Shell PLC(Netherlands), The Dow Chemical Company (U.S.), Mitsui Chemicals(Japan), Wanhua Chemicals Group(China), LANXESS AG (Germany), ;Huntsman Corporation (U.S.), Stepan Company (U.S.), Repsol SA (Spain)

Recent Developments

  • In April 2019, BASF SE collaborated with Azelis Americas, LLC (US) for the distribution of its polyurethane products in the US and Canada. This collaboration will help the company in improving its distribution channel in these two countries.
  • In March 2019, Covestro AG collaborated with the US-based biotechnology company, Genomatica, for the R&D of high-performance materials based on renewable polyols. This collaboration is aimed to reduce carbon emission and use of fossil based resources.
  • In January 2019, Wanhua Chemical Group signed a new agreement with Brenntag Specialties, Inc., part of the Brenntag Group, for the distribution of aromatic isocyanates, polyether polyols, coatings additives, and polyurethane dispersions in the US.
  • In December 2018, LANXESS AG opened a new application development and technical services center for its Urethane Systems unit in Latina, Italy. The new laboratory is to work on supporting the market needs of coatings & adhesives applications.
  • In November 2018, the Dow Chemical Company announced the opening of its new polyols manufacturing facility for rigid polyurethane foam in Rayong, Thailand. This expansion is a part of the company’s strategy to solidify Dow’s manufacturing base in Asia Pacific.

Key questions addressed by the report

  • Which are top players in polyols market?
  • What are the upcoming technologies, R&D activities, and new product launches in the global polyols market?
  • Which are the emerging and high-growth segments of the polyols market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Polyols Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
           2.3.1 Assumptions for the Study

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Polyols Market
    4.2 Polyols Market, By Region
    4.3 Polyols Market in APAC, By Country and Application (2018)
    4.4 Polyols Market, Developed vs Developing Economies

5 Market Overview (Page No. - 32)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Growth of Automotive and Construction Industries
                    5.1.1.2 Growing Demand From Refrigerator and Freezer Manufacturers in APAC
           5.1.2 Restraints
                    5.1.2.1 Stringent Environmental Regulations on the Manufacturing of Polyurethane Foams
           5.1.3 Opportunities
                    5.1.3.1 Increasing Demand for Bio-Based Polyols
           5.1.4 Challenges
                    5.1.4.1 Volatile Prices of Raw Materials
    5.2 Porter’s Five Forces Analysis
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Threat of New Entrants
           5.2.3 Threat of Substitutes
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry
    5.3 Macroeconomic Overview and Key Trends

6 Polyols Market, By Type (Page No. - 38)
    6.1 Introduction
    6.2 Polyether Polyols
           6.2.1 Flexible Foam Application, Especially in Automotive Industry, Driving the Demand for Polyether Polyols
    6.3 Polyester Polyols
           6.3.1 Case Applications Fueling the Demand for Polyester Polyols

7 Polyols Market, By Application 43 (Page No. - 43)
    7.1 Introduction
    7.2 Flexible Polyurethane Foam
           7.2.1 Growing Automotive and Furniture Industries Fueling the Market for Polyols in Flexible Polyurethane Foam Application
    7.3 Rigid Polyurethane Foam
           7.3.1 Growing Refrigeration Industry and Increasing Energy Saving Standards Driving the Market in Rigid Polyurethane Foam Application
    7.4 Case (Coatings, Adhesives, Sealants & Elastomers)
           7.4.1 Increasing Demand for Elastomers for Manufacturing of Light-Weight Automotive Parts Driving the Market in This Segment

8 Polyols Market, By End Use Industry (Page No. - 48)
    8.1 Introduction
    8.2 Carpet Backing
    8.3 Packaging
    8.4 Furniture
    8.5 Automotive
    8.6 Building & Construction
    8.7 Electronics
    8.8 Footwear
    8.9 Others

9 Polyols Market, By Region (Page No. - 52)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
                    9.2.1.1 Shifting Manufacturing Bases to the Country is Boosting the Demand for Polyols
           9.2.2 Japan
                    9.2.2.1 Huge Automotive Manufacturing Base in the Country is Driving the Polyols Market
           9.2.3 South Korea
                    9.2.3.1 Electronics and Construction Industries are Creating Demand for Polyols
           9.2.4 India
                    9.2.4.1 Rapidly Growing Manufacturing and Construction Industries are Fueling the Polyols Market
           9.2.5 Thailand
                    9.2.5.1 Growing Automotive and Furniture Industries are Boosting the Demand for Polyols
           9.2.6 Indonesia
                    9.2.6.1 Automotive and Construction Industries are Driving the Polyols Demand
           9.2.7 Rest of APAC
                    9.2.7.1 Electronics and Furniture Industries are Major Consumers of Polyols in Rest of APAC
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Automotive Industry Creating Huge Demand for Polyols in Flexible Foams and Case Applications
           9.3.2 Italy
                    9.3.2.1 Government Initiatives to Boost the Construction Sector Will Drive the Polyols Market in the Country
           9.3.3 UK
                    9.3.3.1 Governments Initiatives on Construction Sector to Drive the Polyols Market
           9.3.4 Russia
                    9.3.4.1 Construction & Aircraft Manufacturing Industries are Fueling the Demand for Polyols in the Country
           9.3.5 France
                    9.3.5.1 Strong Manufacturing Sectors and High Investments Driving the Demand for Polyols in Country
           9.3.6 Turkey
                    9.3.6.1 Growing Construction Sector Will Drive the Polyols Market in the Country
           9.3.7 Rest of Europe
                    9.3.7.1 Governments Initiatives to Boost the Construction Sector to Drive the Polyols Market in the Region
    9.4 North America
           9.4.1 US
                    9.4.1.1 Presence of Major Polyurethane Manufacturing Companies is Driving the Market for Polyols
           9.4.2 Canada
                    9.4.2.1 Growing Housing Construction Activities are Driving the Polyols Demand
           9.4.3 Mexico
                    9.4.3.1 Increasing Investment in Automotive and Housing Construction is Boosting Polyols Market
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
                    9.5.1.1 Governments Initiatives to Expand Construction Sector Will Drive the Polyols Market
           9.5.2 UAE
                    9.5.2.1 Growing Polyurethane Demand for Flexible Foam and Coating Applications to Drive the Demand for Polyols
           9.5.3 Rest of Middle East & Africa
                    9.5.3.1 Increasing Automobile Production in African Countries is Driving the Polyols Market
    9.6 South America
           9.6.1 Brazil
                    9.6.1.1 Growing Automotive Production in the Country Driving the Demand for Polyols
           9.6.2 Argentina
                    9.6.2.1 Expanding Automotive Industry Boosting the Market for Polyols in Argentina
           9.6.3 Rest of South America
                    9.6.3.1 Increasing Investment in Growing Economies Driving the Polyols Demand in Industrial Machinery and Construction Sectors

10 Competitive Landscape (Page No. - 78)
     10.1 Introduction
     10.2 Market Ranking
     10.3 Competitive Scenario
             10.3.1 New Product Development
             10.3.2 Expansion
             10.3.3 Collaboration
             10.3.4 Joint Venture
             10.3.5 Merger & Acquisition

11 Company Profiles (Page No. - 83)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 BASF SE
     11.2 Covestro AG
     11.3 Royal Dutch Shell Plc
     11.4 Dow
     11.5 Mitsui Chemicals
     11.6 Wanhua Chemical Group
     11.7 Lanxess AG
     11.8 Huntsman Corporation
     11.9 Stepan Company
     11.10 Repsol SA
     11.11 Additional Companies
             11.11.1 Cargill, Incorporated
             11.11.2 Perstorp Polyols Inc.
             11.11.3 Coim Spa
             11.11.4 Solvay
             11.11.5 Dic Corporation
             11.11.6 Tosoh Corporation
             11.11.7 Saudi Aramco
             11.11.8 Emery Oleochemicals
             11.11.9 Sinopec Corporation
             11.11.10 Polygreen Chemicals
             11.11.11 Arkema
             11.11.12 PCC SE
             11.11.13 Manali Petrochemicals Limited
             11.11.14 Jayant Agro-Organics Pvt. Ltd.
             11.11.15 Polylabs
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 112)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (78 Tables)

Table 1 World Population, Trend and Forecast, By Country (Millions)
Table 2 Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 3 Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 4 Polyether Polyols Market Size, By Region, 2017–2024 (USD Million)
Table 5 Polyether Polyols Market Size, By Region, 2017–2024 (Kiloton)
Table 6 Polyester Polyols Market Size, By Region, 2017–2024 (USD Million)
Table 7 Polyester Polyols Market Size, By Region, 2017–2024 (USD Million)
Table 8 Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 9 Polyols Market Size in Flexible Polyurethane Foam, By Region, 2017–2024 (USD Million)
Table 10 Polyols Market Size in Rigid Polyurethane Foam, By Region, 2017–2024 (USD Million)
Table 11 Polyols Market Size in Case, By Region, 2017–2024 (USD Million)
Table 12 Polyols Market Size, By En Use Industry, 2017–2024 (USD Million)
Table 13 Polyols Market Size in Carpet Backing Industry, By Region, 2017–2024 (USD Million)
Table 14 Polyols Market Size in Packaging Industry, By Region, 2017–2024 (USD Million)
Table 15 Polyols Market Size in Furniture Industry, By Region, 2017–2024 (USD Million)
Table 16 Polyols Market Size in Automotive Industry, By Region, 2017–2024 (USD Million)
Table 17 Polyols Market Size in Building & Construction Industry, By Region, 2017–2024 (USD Million)
Table 18 Polyols Market Size in Electronics Industry, By Region, 2017–2024 (USD Million)
Table 19 Polyols Market Size in Footwear Industry, By Region, 2017–2024 (USD Million)
Table 20 Polyols Market Size in Others Industry, By Region, 2017–2024 (USD Million)
Table 21 Polyols Market Size, By Region, 2017–2024 (USD Million)
Table 22 Polyols Market Size, By Region, 2017–2024 (Kiloton)
Table 23 Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 24 Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 25 Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 26 APAC: Polyols Market Size, By Country, 2017–2024 (USD Million)
Table 27 APAC: Polyols Market Size, By Country, 2017–2024 (Kiloton)
Table 28 APAC: Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 29 APAC: Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 30 APAC: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 31 China: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 32 Japan: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 33 South Korea: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 34 India: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 35 Thailand: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 36 Indonesia: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 37 Rest of APAC: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 38 Europe: Polyols Market Size, By Country, 2017–2024 (USD Million)
Table 39 Europe: Polyols Market Size, By Country, 2017–2024 (Kiloton)
Table 40 Europe: Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 41 Europe: Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 42 Europe: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 43 Germany: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 44 Italy: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 45 UK: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 46 Russia: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 47 France: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 48 Turkey: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 49 Rest of Europe: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 50 North America: Polyols Market Size, By Country, 2017–2024 (USD Million)
Table 51 North America: Polyols Market Size, By Country, 2017–2024 (Kiloton)
Table 52 North America: Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 53 North America: Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 54 North America: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 55 US: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 56 Canada: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 57 Mexico: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 58 Middle East & Africa: Polyols Market Size, By Country, 2017–2024 (USD Million)
Table 59 Middle East & Africa: Polyols Market Size, By Country, 2017–2024 (Kiloton)
Table 60 Middle East & Africa: Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 61 Middle East & Africa: Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 62 Middle East & Africa: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 63 Saudi Arabia: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 64 UAE: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 65 Rest of Mddle East & Africa: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 66 South America: Polyols Market Size, By Country, 2017–2024 (USD Million)
Table 67 South America: Polyols Market Size, By Country, 2017–2024 (Kiloton)
Table 68 South America: Polyols Market Size, By Type, 2017–2024 (USD Million)
Table 69 South America: Polyols Market Size, By Type, 2017–2024 (Kiloton)
Table 70 South America: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 71 Brazil: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 72 Argentina: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 73 Rest of South America: Polyols Market Size, By Application, 2017–2024 (USD Million)
Table 74 New Product Development, 2015–2019
Table 75 Expansion, 2015–2019
Table 76 Collaboration, 2015–2019
Table 77 Joint Venture, 2015–2019
Table 78 Merger & Acquisition, 2015–2019


List of Figures (42 Figures

Figure 1 Polyols Market: Research Methodology
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Polyols Market: Data Triangulation
Figure 5 Polyether Polyols Dominate Overall Polyols Market in 2018 (USD Million)
Figure 6 Flexible Polyurethane Foam Application to Dominate the Overall Polyols Market Between 2019 and 2024
Figure 7 APAC Expected to Be Largest and Fastest-Growing Polyols Market
Figure 8 Growing Construction, Automotive, and Electronics Industries to Drive the Market Between 2019 and 2024
Figure 9 APAC to Be the Largest Market Between 2019 and 2024
Figure 10 Flexible Polyurethane Foam Was the Largest Application of Polyols in APAC
Figure 11 Polyols Market to Register High Growth in India and China
Figure 12 Drivers, Restraints, Opportunities, and Challenges in the Polyols Market
Figure 13 Polyols Market: Porter’s Five Forces Analysis
Figure 14 Polyether Polyols to Dominate the Overall Market
Figure 15 APAC to Be the Largest Market for Polyether Polyols Between 2019 and 2024
Figure 16 APAC to Be the Largest Market for Polyester Polyols Between 2019 and 2024
Figure 17 Flexible Polyurethane Foam to Be the Dominant Application of Polyols Between 2019 and 2024
Figure 18 APAC to Be Fastest-Growing Market for Polyols in Flexible Polyurethane Foam Application Between 2019 and 2024
Figure 19 APAC to Be Fastest-Growing Market for Polyols in Rigid Polyurethane Foam Application Between 2019 and 2024
Figure 20 APAC to Be Fastest-Growing Market for Polyols in Case(Coatings, Adhesives, Sealants, Elastomers) Application Between 2019 and 2024
Figure 21 APAC Market Snapshot: India to Be the Fastest-Growing Market
Figure 22 Europe Market Snapshot: Germany to Be the Largest Polyols Market
Figure 23 North America Market Snapshot: US to Be the Largest Polyols Market
Figure 24 Middle East & Africa Market Snapshot: Saudi Arabia to Be the Largest Polyols Market
Figure 25 South America Market Snapshot: Brazil is the Largest Market
Figure 26 Companies Adopted New Product Development and Expansion as the Key Growth Strategies Between 2015 and 2019
Figure 27 Market Ranking of Key Players in 2018
Figure 28 BASF SE: Company Snapshot
Figure 29 BASF SE: SWOT Analysis
Figure 30 Covestro AG: Company Snapshot
Figure 31 Covestro AG: SWOT Analysis
Figure 32 Royal Dutch Shell Plc: Company Snapshot
Figure 33 Royal Dutch Shell Plc: SWOT Analysis
Figure 34 Dow: Company Snapshot
Figure 35 Dow: SWOT Analysis
Figure 36 Mitsui Chemicals Inc.: Company Snapshot
Figure 37 Mitsui Chemicals Inc.: SWOT Analysis
Figure 38 Wanhua Chemical Group: Company Snapshot
Figure 39 LANXESS AG: Company Snapshot
Figure 40 Huntsman Corporation: Company Snapshot
Figure 41 Stepan Company: Company Snapshot
Figure 42 Repsol SA: Company Snapshot

 

The study involved four major activities in estimating the current market size for polyols. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers and Bloomberg BusinessWeek, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, and databases.

Primary Research

The polyols market comprises several stakeholders, such as raw material suppliers, end product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in construction, automotive, electrical & electronics, footwear, and other industries. The supply side is characterized by market consolidation activities undertaken by raw material suppliers. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.  Following is the breakdown of primary respondents

Polyols Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the total size of the polyols market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.

Objectives of the Study:

  • To define, describe, and forecast the global polyols market size, in terms of value and volume
  • To provide detailed information regarding the key drivers, restraints, challenges, and opportunities influencing the market growth
  • To analyze and forecast the polyols market on the basis of type and application
  • To analyze and forecast the market size, on the basis of five key regions, namely, Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America along with their key countries
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments, such as, expansions, joint ventures, and new product developments in the market
  • To strategically identify and profile the key market players and analyze their core competencies in the market

Available Customizations:

 MarketsandMarkets offers customizations according to the specific requirements of companies with the given market data.

The following customization options are available for the report:

Product Analysis:

  •  Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Country-level analysis of the polyols market

Company Information:

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Polyols Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Polyols Market

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Report Code
CH 3057
Published ON
Jun, 2019
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