Global polyols market is estimated to witness a CAGR of 7.20% over the forecast period to reach US$28.092 billion in 2024 from US$18.510 billion in 2018. Polyols are sugar alcohols because of their chemical structure resemblance with sugar and alcohol. They are increasingly used in a wide variety of applications from food additive to technical applications such as emulsifiers, coatings, adhesives, sealants, thickeners and etc. The market is expected to grow due to the increasing awareness among people regarding the benefits of using polyols as sweeteners. The growing need for polyurethane foams in a number of industries such as construction and automotive is driving the polyols market growth. The market is expected to grow at a good rate over the forecast period owing to the burgeoning demand for bio polyols in industries due to a propensity towards using renewable resources. However, the prices of raw material are volatile and pose as a threat to the market growth.
The market is segmented by type, application, end user, and geography. Basis of type, the polyether segment is is expected to hold a significant share in the market due to its wide adoption in the automotive and construction industries. Geographically, Asia Pacific is projected to be a substantial shareholder due to the growing automotive industry and construction activities in countries such as India and China.
o Increase in the demand for polyurethane foams by the construction and automotive industry.
o Increase in the awareness of the benefits of polyols in the people.
o Excess consumption of polyols can cause diseases like diarrhea and other health problems.
• Industry Update
o In March 2019, Covestro AG collaborated with the Genomatica to reduce the carbon emission and use of fossil-based resources.
o In November 2018, The Dow Chemical Company expanded its business in the Asia Pacific by announcing to open new polyols manufacturing industry in Thailand.
The major players profiled in the global polyols market are BASF SE, The Dow Chemical Company, Arkema Group, Emery Oleochemicals, Monument Chemical, Stephan Company, Shell, Saudi Arabian Oil Co., Expanded Polymer Systems Pvt. Ltd., and Vithal Castor Polyols Pvt. Ltd.
|Market size value in 2018||US$18.510 billion|
|Market size value in 2024||US$28.092 billion|
|Growth Rate||CAGR of 7.20% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||BASF SE, The Dow Chemical Company, Arkema Group, Emery Oleochemicals, Monument Chemical, Stephan Company, Shell, Saudi Arabian Oil Co., Expanded Polymer Systems Pvt. Ltd., Vithal Castor Polyols Pvt. Ltd.|
|Customization scope||Free report customization with purchase|
The global polyols market has been analyzed through the following segments:
• By Type
o Polyether Polyols
o Polyester Polyols
o Bio Polyols
• By Application
o CASE (Coatings, Adhesives, Sealants, and Elastomers)
• By End-User
o Building and Construction
o Food and Beverages
o Personal Care
• By Geography
o North America
o South America
? United Kingdom
o Middle East and Africa
? Saudi Arabia
o Asia Pacific
? South Korea
Frequently Asked Questions (FAQs)
Q1. What will be the polyols market size by 2024?
A1. The global polyols market is estimated to reach a market size of US$28.092 billion by 2024.
Q2. What is the size of global polyols market?
A2. Polyols market was valued at US$18.510 billion in the year 2018.
Q3. What are the growth prospects for polyols market?
A3. The polyols market is estimated to witness a CAGR of 7.20% over the forecast period.
Q4. What factors are anticipated to drive the polyols market growth?
A4. The market is expected to grow due to the increasing awareness among people regarding the benefits of using polyols as sweeteners.
Q5. Which region holds the largest market share in the polyols market?
A5. Geographically, Asia Pacific is projected to be a substantial shareholder in the polyols market due to the growing automotive industry and construction activities in countries such as India and China.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL POLYOLS MARKET BY TYPE
5.1. Polyether Polyols
5.2. Polyester Polyols
5.3. Bio Polyols
6. GLOBAL POLYOLS MARKET BY APPLICATION
7. GLOBAL POLYOLS MARKET BY END-USER
7.1. Building and Construction
7.3. Food and Beverages
7.4. Personal Care
7.5. Health Care
8. GLOBAL POLYOLS MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. BASF SE
10.2. The Dow Chemical Company
10.3. Arkema Group
10.4. Emery Oleochemicals
10.5. Monument Chemical
10.6. Stephan Company
10.7. Shell, Saudi Arabian Oil Co.
10.8. Expanded Polymer Systems Pvt. Ltd.
10.9. Vithal Castor Polyols Pvt. Ltd.
LIST OF FIGURES
LIST OF TABLES
The Dow Chemical Company,
Saudi Arabian Oil Co.
Expanded Polymer Systems Pvt. Ltd.
Vithal Castor Polyols Pvt. Ltd.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.