Asia Pacific Polyols Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Asia Pacific Polyols Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Asia Pacific polyols market is currently witnessing moderate growth. 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. Looking forward, the market is expected to witness steady growth during the forecast period (2021-2026).

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 region level from 2021-2026. Our report has categorized the market based on region, 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.

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?