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Polyols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global polyols market size reached US$ 25.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027. 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 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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global polyols market report, along with forecasts at the global and regional level from 2022-2027. 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 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 and Repsol SA, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered BASF SE, Royal Dutch Shell Plc, Mitsui Chemicals, Covestro AG, The Dow Chemical Company, Wanhua Chemical Group, Huntsman Corporation, LANXESS AG, Stepan Company and Repsol SA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Industry
    5.7    Market Breakup by Region
    5.8    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$), 2016-2021
Figure 3: Global: Polyols Market: Breakup by Type (in %), 2021
Figure 4: Global: Polyols Market: Breakup by Application (in %), 2021
Figure 5: Global: Polyols Market: Breakup by Industry (in %), 2021
Figure 6: Global: Polyols Market: Breakup by Region (in %), 2021
Figure 7: Global: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027
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) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 12: Global: Polyols (Polyether) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 13: Global: Polyols (Polyester) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Polyols (Polyester) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Polyols (Flexible Polyurethane Foams) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Polyols (Flexible Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Polyols (Rigid Polyurethane Foams) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Polyols (Rigid Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Polyols (CASE) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Polyols (CASE) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Polyols (Other Applications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Polyols (Other Applications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Polyols (Carpet Backing) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Polyols (Carpet Backing) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Polyols (Packaging) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Polyols (Packaging) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Polyols (Furniture) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Polyols (Furniture) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Polyols (Automotive) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Polyols (Automotive) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Polyols (Building & Construction) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Polyols (Building & Construction) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Polyols (Electronics) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Polyols (Electronics) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Polyols (Footwear) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Polyols (Footwear) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Polyols (Other Industries) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Polyols (Other Industries) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Asia Pacific: Polyols Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Asia Pacific: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Europe: Polyols Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Europe: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: North America: Polyols Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: North America: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: Middle East and Africa: Polyols Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: Middle East and Africa: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: Latin America: Polyols Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: Latin America: Polyols Market Forecast: Sales Value (in Billion US$), 2022-2027

List of Tables

Table 1: Global: Polyols Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Polyols Market Forecast: Breakup by Type (in Billion US$), 2022-2027
Table 3: Global: Polyols Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 4: Global: Polyols Market Forecast: Breakup by Industry (in Billion US$), 2022-2027
Table 5: Global: Polyols Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 6: Global: Polyols Market: Competitive Structure
Table 7: Global: Polyols Market: Key Players


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Key Questions Answered in This Report

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.

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