Market Overview:

The Asia Pacific polyols market is expected to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Polyols refer to a group of organic compounds that consists of different hydroxyl groups. Also known as sugar alcohols, polyols contain a cluster of versatile carbohydrates with fewer calories than table sugar. Polyols are used in the food and beverage industry for manufacturing sugar-free and low-calorie products such as candies, chewing gums, ice creams, yogurt, and fruit spreads. They are also extensively used in consumer products like throat lozenges, breath mints, toothpaste, and mouthwash. They help improve the shelf-life and stability of the product by preventing crystallization and retaining moisture.

The Asia Pacific polyols market is primarily driven by the rising incidences of heart diseases, cancer and diabetes due to obesity and overweight issues. This has created increased awareness among consumers regarding their calorie intake. Consequently, the demand for polyols has escalated across the globe. Apart from this, polyols find applications in diverse industries. In the chemical industry, they are used in the production of sealants, elastomers, and adhesives. On the other hand, there has been a growing demand for polyols in the construction and automotive industry for manufacturing polyurethane foams. Flexible polyurethane foams, a polyol derivative, are used to make seating, headrests, arms rest, and heating and ventilating headliners. Besides this, the increasing need for insulation in low-income households to conserve energy efficiently has increased the demand for polyols in countries like China and India. China is also a major producer and consumer of polyols due to the availability of cheaper raw material and high vitamin C manufacturing capability. Furthermore, the development of bio-based polyols derived from renewable raw materials is also significantly impacting the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific polyols market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on type, application and industry.

Breakup by Type:

• Polyether Polyols
• Polyester Polyols
   

Breakup by Application:

• Flexible Polyurethane Foams
• Rigid Polyurethane Foams
• CASE (Coatings, Adhesives, Sealants & Elastomers)
• Others
   

Breakup by Industry:

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

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific polyols market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific polyols market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific polyols market and who are the key players?
• What is the degree of competition in the industry?