The global polyols market reached a value of US$ 24.8 Billion in 2018. Polyols are a group of organic compounds that consist of multiple hydroxyl groups and are used in a range of industries. They are known as sugar alcohols and consist of a cluster of versatile carbohydrates with reduced calories having similar taste and texture to table sugar. In the food and beverage industry, they are used as a sugar replacement in sugar-free and low-calorie products, such as candies, chewing gums, ice-creams, fruit spreads and yogurts. In consumer products, they are used in the manufacturing of toothpaste, mouthwashes, breath mints and throat lozenges as they aid in preventing tooth decay. In the chemical industry, polyols have applicability in the production of flexible and rigid polyurethane coatings, foams, adhesives, elastomers, and sealants. They improve the product’s stability and shelf life by retaining moisture and preventing crystallization.
Rapid industrialization, along with the constant growth of construction and automotive industries, is the key factor driving the growth of the market. There is an increasing demand for polyols and their derivatives from various sectors such as electronics, furniture, packaging and footwear. Furthermore, rapidly burgeoning population and their housing requirements are projected to increase the consumption of building materials made-up of polyols such as insulation protective components, exterior panels and housing electronics. Insulated houses and buildings aid in the conservation of energy and minimizing the emission of greenhouse gasses. Additionally, the increasing demand for polyurethane foams in the automotive industry is also driving the market growth. Flexible polyurethane foams, a polyol derivative, are used to make seatings, headrests, arms rests, heating and ventilating headliners in the vehicles. Other factors such as the development of bio-based polyols are positively driving the growth of the market as well. Looking forward, IMARC Group expects the market to reach a value of US$ 33.4 Billion by 2024, registering a CAGR of 5% during 2019-2024.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Type:
- Polyether Polyols
- Polyester Polyols
- Market Breakup by Application:
- Flexible Polyurethane Foams
- Rigid Polyurethane Foams
- CASE (Coatings, Adhesives, Sealants & Elastomers)
- Others
- Market Breakup by Industry:
- Carpet Backing
- Packaging
- Furniture
- Automotive
- Building & Construction
- Electronics
- Footwear
- Others
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Royal Dutch Shell Plc, Mitsui Chemicals, Covestro AG, The Dow Chemical Company, Wanhua Chemical Group, Huntsman Corporation, LANXESS AG, Stepan Company, Repsol SA, etc.
Key Questions Answered in This Report:
- How has the global polyols market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global polyols industry?
- 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 global polyols industry?
- What are the key driving factors and challenges in the global polyols industry?
- What is the structure of the global polyols industry and who are the key players?
- What is the degree of competition in the global polyols industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polyols Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Application
5.5 Market Breakup by Industry
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Type
6.1 Polyether Polyols
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyester Polyols
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Flexible Polyurethane Foams
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid Polyurethane Foams
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 CASE (Coatings, Adhesives, Sealants & Elastomers)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Industry
8.1 Carpet Backing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Packaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Furniture
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Building & Construction
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Electronics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Footwear
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.2 Royal Dutch Shell Plc
14.3.3 Mitsui Chemicals
14.3.4 Covestro AG
14.3.5 The Dow Chemical Company
14.3.6 Wanhua Chemical Group
14.3.7 Huntsman Corporation
14.3.8 LANXESS AG
14.3.9 Stepan Company
14.3.10 Repsol SA
List of Figures
Figure 1: Global: Polyols Market: Major Drivers and Challenges
Figure 2: Global: Polyols Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Polyols Market: Breakup by Type (in %), 2018
Figure 4: Global: Polyols Market: Breakup by Application (in %), 2018
Figure 5: Global: Polyols Market: Breakup by Industry (in %), 2018
Figure 6: Global: Polyols Market: Breakup by Region (in %), 2018
Figure 7: Global: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: Global: Polyols Industry: SWOT Analysis
Figure 9: Global: Polyols Industry: Value Chain Analysis
Figure 10: Global: Polyols Industry: Porter’s Five Forces Analysis
Figure 11: Global: Polyols (Polyether Polyols) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 12: Global: Polyols (Polyether Polyols) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 13: Global: Polyols (Polyester Polyols) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Global: Polyols (Polyester Polyols) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: Global: Polyols (Flexible Polyurethane Foams) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: Global: Polyols (Flexible Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: Global: Polyols (Rigid Polyurethane Foams) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: Global: Polyols (Rigid Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: Global: Polyols (CASE) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: Global: Polyols (CASE) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: Global: Polyols (Other Applications) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: Global: Polyols (Other Applications) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: Global: Polyols (Carpet Backing) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: Global: Polyols (Carpet Backing) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: Global: Polyols (Packaging) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: Global: Polyols (Packaging) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: Global: Polyols (Furniture) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: Global: Polyols (Furniture) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: Global: Polyols (Automotive) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: Global: Polyols (Automotive) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: Global: Polyols (Building & Construction) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: Global: Polyols (Building & Construction) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 33: Global: Polyols (Electronics) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: Global: Polyols (Electronics) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 35: Global: Polyols (Footwear) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: Global: Polyols (Footwear) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 37: Global: Polyols (Other Industries) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: Global: Polyols (Other Industries) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: Asia Pacific: Polyols Market: Sales Value (in Billion US$), 2013 & 2018
Figure 40: Asia Pacific: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 41: Europe: Polyols Market: Sales Value (in Billion US$), 2013 & 2018
Figure 42: Europe: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 43: North America: Polyols Market: Sales Value (in Billion US$), 2013 & 2018
Figure 44: North America: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 45: Middle East and Africa: Polyols Market: Sales Value (in Billion US$), 2013 & 2018
Figure 46: Middle East and Africa: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 47: Latin America: Polyols Market: Sales Value (in Billion US$), 2013 & 2018
Figure 48: Latin America: Polyols Market Forecast: Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: Global: Polyols Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Polyols Market Forecast: Breakup by Type (in Billion US$), 2019-2024
Table 3: Global: Polyols Market Forecast: Breakup by Application (in Billion US$), 2019-2024
Table 4: Global: Polyols Market Forecast: Breakup by Industry (in Billion US$), 2019-2024
Table 5: Global: Polyols Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 6: Global: Polyols Market Structure
Table 7: Global: Polyols Market: Key Players