Polyols Market

Polyols Market by Type (Polyether polyols and Polyester polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), End-Use Industry (Building & Construction, Automotive, Electronics), and Region- Global Forecast to 2027

Report Code: CH 3057 Dec, 2022, by marketsandmarkets.com

[252 Pages Report] The polyol market size is estimated to be USD 36.7 billion in 2022, and it is projected to reach USD 49.3 billion by 2027 at a CAGR of 6.1%. Polyols are the key raw materials used in the manufacturing of polyurethane products such as flexible foams, rigid foams, and CASE (coatings, adhesives, sealants, and elastomers) applications. These polyurethane foams are used in several end-use industries such as construction, automotive, refrigeration, and other industrial sectors. Therefore, the increasing construction activities, the developing automotive industry and the high demand for furnishing materials are also the driving factors for the polyols market.

Attractive Opportunities in the Polyols Market

Polyols Market

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Polyols Market Dynamics

Driver: Growth of the packaging industry

The significant growth of the e-commerce industry and online businesses require good packaging to ensure product safety for which several packaging companies often use pre-blended polyols packaging, for various containers, including corrugated, plastic, and wooden boxes. Polyol-based polyurethane foams are used for packaging goods of all kinds sensitive to shock or vibration. Polyurethane foams are well-suited for packaging lightweight items since they have a wide shock/vibration attenuation profile. the global packaging industry is estimated to witness significant growth in future owing to the rising demand for e-commerce, healthcare packaging, easy-to-make foods and labelled products, and dairy products, especially in emerging economies such as India and ChinaThus, the rising demand from packaging industry is likely to drive the polyols market.

Restraints: Stringent environmental regulations for polyurethane foam production

Polyurethane foam manufacturing is subject to stringent regulations by several regulatory authorities, especially in North America and Europe. For instance, the National Emission Standards for Hazardous Air Pollutants (NESHAP) of the US  has included rules for new and existing plant facilities that manufacture polyurethane foams. These standards by the regulatory bodies are imposed to reduce hazardous air pollutant (HAP) emissions from all the existing sources of polyurethane foam production by over approximately 70% reduction from the baseline. Overexposure to these harmful emissions can cause skin, eye, nose, throat, and lung irritation in humans. Therefore, several 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), are taken at places where there is potential exposure to airborne concentrations of diisocyanates. These requirements result in additional costs, therefore reducing the profit margins of the producers and it is a major restraint for the polyols market growth.

Opportunities: Increasing demand for bio-based polyols

The demand for products made from renewable polyurethanes made from natural oil polyols, which are used to make polyurethane foams for automotive and other applications is grown significantly in past few years. Bio-based polyols have similar structures and properties and are derived from renewable raw materials such as a soy-based polyols, therefore they act as good alternatives for standard polyols. These bio-based products help in decreasing carbon footprints because the process requires less energy and also emits less methane, CO2, and nitrous oxide into nature. With increasing environmental regulations, these bio-derived materials offer significant advantages over conventional polyols with regard to sustainability and reduction of petroleum dependence therefore these are started using by seating, furniture cushions, and bedding producers.

Challenge: Alternative materials that are eco friendly

petroleum-based raw materials such as Isocyanate and polyol are used in the manufacturing of rigid polyurethane foam. However, petroleum can cause environmental problems since it is a non-renewable resource therefore the use of non-toxic, eco-friendly, and renewable biomass to replace petroleum in polyurethane foam has increased significantly to reduce the environmental risks. Research is being conducted on alternative products, such as corn stalks since they are rich in aliphatic and phenolic hydroxyl groups. In some studies, lignin is used to replace some polyol in polyurethane flexible foam. The use of alternative products and increasing government norms for the use of petroleum-based products will challenge the growth of the polyols market.

Ecosystem Diagram

Polyols Market Ecosystem

By Type, the polyether polyols segment accounted for the highest CAGR during the forecast period

The market for polyether polyols is mainly driven by the huge demand from the automotive and furniture industries for several applications such as bedding, furniture, carpets, vehicles interior, and seats. Polyether polyols are majorly used in the production of flexible polyurethane foams. The rising number of construction activities and automotive industry growth especially in developing countries such as India and China is driving the demand for polyols in polyurethane flexible and rigid applications, in turn, drives the demand for the polyether market.

By Application, the Flexible Polyurethane foams accounted for the highest CAGR during the forecast period

Flexible polyurethane foams are used in various applications across several industries, including furniture, carpet cushion, transportation, bedding, packaging, textiles, and fibres. The rapidly growing population and increasing growth of several end-use industries such as automotive, furnishings, and construction are the key factors in driving the demand for flexible polyurethane foams to consist in the forecast period.

By End Use Industry, the building & construction industry accounted for the highest CAGR during the forecast period

The building & construction segment is the fastest-growing segment and also accounted for the largest share of the polyols market in 2021. Polyurethane foams are widely used in several applications of building & construction such as decorative paints & flooring systems, coil coatings for exteriors & roof elements, and Venetian blinds & doors. Therefore, the rapidly growing home refurbishment activities and building insulations for security & protection are driving the growth of the polyols market.

Asia Pacific is projected to account for the highest CAGR in the polyols market during the forecast period

The Asia Pacific region is the largest and fastest-growing market segment for the polyols market. Owing to the rising construction activities, and increasing investment in the automotive and other manufacturing industries drives the polyols market in the region. Additionally, rapid urbanization, high growth in the infrastructure, and changing lifestyle which are attributed to the demand of the furnishing and e-commerce industry in the region have also promoted the growth of the polyols market.

Polyols Market by Region

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Key Market Players

The polyols market comprises major manufacturers such as The Dow Chemical Company (US), Covestro AG (Germany), Shell Chemicals (US), Basf SE (Germany), and Huntsman Corporation (US) were the leading players in polyols market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the polyols market.

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Scope of the Report

:

Report Metric

Details

Years Considered

2017–2027

Base year

2021

Forecast period

2022–2027

Unit considered 

Value (USD Billion), and Volume (Kilotons)

Segments

Type, Applications, End User Industry, and Region

Regions

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

Companies

The major players are The DOW Chemical Company (US), Covestro AG (Germany), Shell chemicals (US), BASF SE (Germany), Huntsman (US) and others are covered in the Polyol market.

This research report categorizes the global polyol market on the basis of Type, Applications, End User Industry, and Region.

Polyol Market, By Type

Polyol Market, By Application

  • Flexible polyurethane foam
  • Rigid polyurethane foam
  • CASE (coatings, adhesives & sealants, and elastomers)

Polyol Market, By End Use Industry

  • Building & Construction
  • Automotive
  • Furnishings
  • Packaging
  • Electronics
  • Others (Footwear)

Polyol Market, By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In October 2022, Basf collaborated with REMONDIS Electro recycling, RAMPF Eco Solutions, and machine and systems manufacturer KraussMaffei. The project’s objective is to create an industrial method that produces high-quality recycled polyols on par with those made from main fossil raw sources.
  • In September 2022, Stepan acquired Performan X, a manufacturer of specialty chemicals. Intellectual property, business connections, and inventory will all be acquired.
  • In November 2021, Shell chemicals have done investments in A 35,000 tonnes per annum polyols unit at Shell Jurong Island, Singapore.
  • In October 2021, Huntsman Corporation, Huntsman Corporation opened a new 22,000 tonnes TEROL aromatic polyester polyols factory at its systems house in Kuan Yin, Taiwan.
  • In August 2021, Huntsman Corporation expanded its Production of Specialty Amines and Polyurethane catalysts in Petfurdo, Hungary.

Frequently Asked Questions (FAQ):

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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

 

This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the polyol market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.

Primary Research

The Polyol market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the polyol market. Primary sources from the supply side include associations and institutions involved in the polyol industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

Polyols Market Size, and Share

Note 1: Tiers of companies are categorized on the basis of ownership, revenue, and geographical presence of the companies.

Note 2: Others include sales, marketing, and product managers.

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global Polyol market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.

Market Size Estimation: Bottom-Up Approach

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the global polyol market in terms of value.
  • To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market based on source, type, manufacturing process, region, and end-use application.
  • To forecast the market size, in terms of value, with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa and South America.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape
  • To strategically profile key players in the market
  • To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions
  • To strategically profile the leading players and comprehensively analyze their key developments in the market

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. 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:

  • Further breakdown of the Rest of the APAC Polyol market
  • Further breakdown of the Rest of Europe’s Polyol market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
CH 3057
Published ON
Dec, 2022
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