Polyols Market by Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), and Region (APAC, Europe, North America, South America and Middle East & Africa) - Global Forecast to 2024

Polyols Market by Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), and Region (APAC, Europe, North America, South America and Middle East & Africa) - Global Forecast to 2024

“The growth of the construction, automotive, and refrigerator industries is expected to drive the polyols market.”
The polyols market size is estimated to be USD 26.2 billion in 2019 and is projected to reach USD 34.4 billion by 2024, at a CAGR of 5.6%. The increasing consumption of polyurethane foam in the construction and automotive industries is a major factor driving the global polyols demand during the forecast period. Furthermore, the increasing refrigerator and freezer manufacturing in APAC is another factor driving the polyols market. Polyol-based rigid foam is highly used in the domestic and commercial refrigerators owing to its properties, such as confined structure, lightweightedness, and cost-effectiveness. However, the stringent environmental regulatory norms, such as National Emission Standards for Hazardous Air Pollutants (NESHAP), by the United States Environmental Protection Agency, regarding polyurethane foam manufacturing are expected to restrain the market growth during the forecast period.

“Polyether polyols is the fastest-growing type of polyols.”
Polyether polyols is expected to be the fastest-growing type of polyols between 2019 and 2024. Polyether polyols is the widely used and preferred type of polyol for manufacturing polyurethane foams. The demand for polyether polyols is majorly driven by the increasing consumption of polyurethane foams in industries, such as automotive, construction, and furniture. Polyurethane foams are highly used in the automotive industry due to increasing demand for comfortable seating and attractive interiors.

“Flexible polyurethane foam is largest application of polyols.”
On the basis of application, the polyols market is divided into flexible polyurethane foam, rigid polyurethane foam, and CASE applications. Flexible polyurethane foams is expected to be the largest application of polyols during the forecast period. The increasing demand for polyurethane foams in automotive industry is expected to drive the flexible polyurethane foam application. Flexible polyurethane foams is used in automotive industry for a wide range of applications, such as in seating, head rests, arms rests, heating, and ventilating head liners.

“APAC is the largest as well as the fastest-growing market for polyols.”
APAC is projected to be the largest and fastest-growing polyols market during the forecast period, owing to the presence of strong and developing industries, such as construction, automobile, aerospace, furniture, and electronics. The growing polyurethane foam market in the region, owing to factors, such as abundant availability of raw materials at lower costs, high economic growth rate, and lower labor & transportation costs are expected to drive the polyols market. Polyols is used as a major raw material for manufacturing polyurethane foams, which further finds its application in the above-mentioned industries. The increasing demand for polyurethane foams has further motivated a large number of polyols manufacturers to expand their business in this region.
Extensive primary interviews were conducted in the process of determining and verifying sizes of different types and applications of the polyols market gathered through secondary research.

The breakdown of primary interviews is given below:
By Company Type: Tier 1 - 45%, Tier 2 - 22%, and Tier 3 - 33%
By Designation: C-Level Executives - 50%, Director-Level - 25%, and Others - 25%
By Region: North America - 50%, Europe - 20%, APAC - 20%, and South America - 10%,

The key companies profiled in this report on the polyols market include BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemicals Group (China), LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), and Repsol SA (Spain).

Research Coverage
The polyols market has been segmented based on type, application, and region. This report covers the polyols market and forecasts its market size until 2024. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the polyols market. The report also provides insights into the drivers and restraints in the polyols market along with opportunities and challenges. The report also includes profiles of top manufacturers in the polyols market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the polyols market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the polyols market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the polyols market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product developments, expansions, joint ventures, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • POLYOLS MARKET SEGMENTATION
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNITS CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
      • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE POLYOLS MARKET
    • POLYOLS MARKET, BY REGION
    • POLYOLS MARKET IN APAC, BY COUNTRY AND APPLICATION (2018)
    • POLYOLS MARKET, DEVELOPED VS DEVELOPING ECONOMIES
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC OVERVIEW AND KEY TRENDS
      • Table WORLD POPULATION, TREND AND FORECAST, BY COUNTRY (MILLIONS)
  • POLYOLS MARKET, BY TYPE
    • INTRODUCTION
      • Table POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
    • POLYETHER POLYOLS
      • FLEXIBLE FOAM APPLICATION, ESPECIALLY IN AUTOMOTIVE INDUSTRY, DRIVING THE DEMAND FOR POLYETHER POLYOLS
        • Table POLYETHER POLYOLS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
        • Table POLYETHER POLYOLS MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
    • POLYESTER POLYOLS
      • CASE APPLICATIONS FUELING THE DEMAND FOR POLYESTER POLYOLS
        • Table POLYESTER POLYOLS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
        • Table POLYESTER POLYOLS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • POLYOLS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • FLEXIBLE POLYURETHANE FOAM
      • GROWING AUTOMOTIVE AND FURNITURE INDUSTRIES FUELING THE MARKET FOR POLYOLS IN FLEXIBLE POLYURETHANE FOAM APPLICATION
        • Table POLYOLS MARKET SIZE IN FLEXIBLE POLYURETHANE FOAM, BY REGION, 2017–2024 (USD MILLION)
    • RIGID POLYURETHANE FOAM
      • GROWING REFRIGERATION INDUSTRY AND INCREASING ENERGY SAVING STANDARDS DRIVING THE MARKET IN RIGID POLYURETHANE FOAM APPLICATION
        • Table POLYOLS MARKET SIZE IN RIGID POLYURETHANE FOAM, BY REGION, 2017–2024 (USD MILLION)
    • CASE (COATINGS, ADHESIVES, SEALANTS & ELASTOMERS)
      • INCREASING DEMAND FOR ELASTOMERS FOR MANUFACTURING OF LIGHT-WEIGHT AUTOMOTIVE PARTS DRIVING THE MARKET IN THIS SEGMENT
        • Table POLYOLS MARKET SIZE IN CASE, BY REGION, 2017–2024 (USD MILLION)
  • POLYOLS MARKET, BY REGION
    • INTRODUCTION
      • Table POLYOLS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • Table POLYOLS MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
      • Table POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • APAC
      • Table APAC: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table APAC: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table APAC: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table APAC: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table APAC: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • CHINA
        • Table CHINA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • JAPAN
        • Table JAPAN: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • INDIA
        • Table INDIA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • THAILAND
        • Table THAILAND: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table EUROPE: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table EUROPE: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • GERMANY
        • Table GERMANY: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • ITALY
        • Table ITALY: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • UK
        • Table UK: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • FRANCE
        • Table FRANCE: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • TURKEY
        • Table TURKEY: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table NORTH AMERICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table NORTH AMERICA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • US
        • Table US: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • CANADA
        • Table CANADA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • MEXICO
        • Table MEXICO: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table MIDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table MIDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • UAE
        • Table UAE: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MDDLE EAST & AFRICA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: POLYOLS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table SOUTH AMERICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: POLYOLS MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table SOUTH AMERICA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: POLYOLS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENT
        • Table NEW PRODUCT DEVELOPMENT, 2015–2019
      • EXPANSION
        • Table EXPANSION, 2015–2019
      • COLLABORATION
        • Table COLLABORATION, 2015–2019
      • JOINT VENTURE
        • Table JOINT VENTURE, 2015–2019
      • MERGER & ACQUISITION
        • Table MERGER & ACQUISITION, 2015–2019
  • COMPANY PROFILES
    • BASF SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • COVESTRO AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROYAL DUTCH SHELL PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DOW
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MITSUI CHEMICALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • WANHUA CHEMICAL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LANXESS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HUNTSMAN CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • STEPAN COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • REPSOL SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ADDITIONAL COMPANIES
      • CARGILL, INCORPORATED
      • PERSTORP POLYOLS INC.
      • COIM SPA
      • SOLVAY
      • DIC CORPORATION
      • TOSOH CORPORATION
      • SAUDI ARAMCO
      • EMERY OLEOCHEMICALS
      • SINOPEC CORPORATION
      • POLYGREEN CHEMICALS
      • ARKEMA
      • PCC SE
      • MANALI PETROCHEMICALS LIMITED
      • JAYANT AGRO-ORGANICS PVT. LTD.
      • POLYLABS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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