The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global polyols market was valued at US$ 25.3 Billion in 2021.
We expect the global polyols market to exhibit a CAGR of 6.3% during 2022-2027.
The rising utilization of polyols in the F&B industry as a sugar replacement in sugar-free and low-calorie products, such as candies, chewing gums, ice-creams, etc., is primarily driving the global polyols market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for polyols.
Based on the type, the global polyols market can be segmented into polyether polyols and polyester polyols. Currently, polyether polyols hold the majority of the total market share.
Based on the application, the global polyols market has been divided into flexible polyurethane foams, rigid polyurethane foams, CASE (Coatings, Adhesives, Sealants & Elastomers), and others. Among these, flexible polyurethane foams currently exhibit a clear dominance in the market.
Based on the industry, the global polyols market can be categorized into carpet backing, packaging, furniture, automotive, building & construction, electronics, footwear, and others. Currently, the packaging industry accounts for the largest market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global polyols market include 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at