The polyols market presents a range of features and applications. These versatile chemical compounds find widespread use as key ingredients in the production of polyurethane foams, coatings, adhesives, and elastomers. Their ability to enhance product performance, durability, and insulation properties makes them integral to industries such as construction, automotive, furniture, and packaging. Polyols also offer sustainability benefits, as bio-based and eco-friendly variants gain traction. Their role in creating energy-efficient materials, reducing emissions, and promoting green building practices positions polyols as critical components in modern manufacturing and sustainable development.
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Data Bridge Market Research analyses that the Global Polyols Market, which was USD 30,420.26 million in 2022, is expected to USD 47,040.76 million by 2030 and is expected to undergo a CAGR of 5.6% during the forecast period of 2023-2030. Government regulations that advocate for energy-efficient building practices and materials encourage the utilization of polyols in construction. Polyols' insulation properties contribute to reducing energy consumption in buildings, aligning with sustainability and energy-efficiency goals set by authorities.
Key Findings of the Study
Healthcare and pharmaceuticals are expected to drive the market's growth rate
Polyols play a crucial role in the medical and pharmaceutical industries due to their unique properties. They are utilized in manufacturing medical devices and equipment, offering biocompatibility, durability, and flexibility. Moreover, polyols are employed in pharmaceutical packaging materials for their resistance to moisture, ensuring the integrity of medications. In drug delivery systems, they serve as excipients, facilitating controlled release and stability of pharmaceutical formulations, making them indispensable components in these critical sectors.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Coatings, Adhesive and Sealants, Elastomers, and Others), End User (Construction, Furniture, Transport, Packaging, Carpet Backing, and Others)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Huntsman International LLC (U.S.), Repsol (Spain), Biesterfeld AG (Germany), DIC CORPORATION (Japan), Tosoh Corporation (Japan), Arkema (France), BASF SE (Germany), Dow (U.S.), Cargill, Incorporated (U.S.), LANXESS (Germany), Shell plc (Netherlands), Mitsubishi Chemical Corporation (Japan), Vertellus (U.S.), Wanhua (China), Stepan Company (U.S.), Gulshan Polyols Ltd (India), Perstorp Holding AB (Subsidiary of PETRONAS Chemicals Group) (Sweden), Emery Oleochemicals LLC (U.S.), Covestro AG (Germany), Coim Group (Italy), Shakun Industries (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global polyols market is segmented into type, application, and end user.
- On the basis of type, the global polyols market is segmented into polyether polyols and polyester polyols.
- On the basis of application, the global polyols market is segmented into flexible polyurethane foam, rigid polyurethane foam, coatings, adhesives and sealants, elastomers, and others.
- On the basis of end user, the global polyols market is segmented into construction, furniture, transport, packaging, carpet backing, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global polyols market players in global polyols market are Huntsman International LLC (U.S.), Repsol (Spain), Biesterfeld AG (Germany), DIC CORPORATION (Japan), Tosoh Corporation (Japan), Arkema (France), BASF SE (Germany), Dow (U.S.), Cargill, Incorporated (U.S.), LANXESS (Germany), Shell plc (Netherlands), Mitsubishi Chemical Corporation (Japan), Vertellus (U.S.), Wanhua (China).
Market Developments
- In September 2022, Covestro AG unveiled a new range of polyether polyols derived from bio-circular sources. These innovative polyols will enable the company to provide tailored prepolymers for a wide range of adhesive applications, expanding their customer reach. The primary constituents for polyurethanes will be sourced from alternative materials, offering sustainable solutions to diverse industries and bolstering Covestro's market reputation as an environmentally conscious brand.
- In September 2022, Wanhua introduced a novel chemical innovation featuring a bio-based polyol, aimed at lowering its carbon footprint. These newly introduced bioproducts align with the company's commitment to sustainability and its efforts to promote environmentally responsible practices.
Regional Analysis
Geographically, the countries covered in the major global polyols market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific dominates global polyols market during the forecast period 2023 - 2030
The Asia-Pacific polyols market dominates the market due to the rising consumer demand for comfort, convenience, and improved living standards. China is expected to dominate the Asia-Pacific polyols market. Polyol-based flexible foams are widely used in mattresses, furniture, and automotive seating to provide comfort and cushioning. As consumer expectations continue to rise, the demand for high-quality polyol-based products also increases in the region.
North America is expected to dominate the global polyols market during the forecast period 2023 - 2030
North America, particularly the United States is poised to be a dominant force in the polyols market, due to its formidable manufacturing infrastructure. This infrastructure comprises cutting-edge facilities and advanced technologies, allowing for efficient and high-quality production. With this well-established industrial framework, the U.S. is well-equipped to lead the way in the polyols industry, ensuring competitiveness and innovation while meeting the rising demand for these versatile chemical compounds.
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