MARKET OVERVIEW
Polyols, also known as polyalcohols, sugar alcohols, or polyhydric alcohols, are chemical compounds with multiple hydroxyl (-OH) groups. They are utilized in a broad range of industrial and commercial applications, including the production of polyurethane foams, coatings, adhesives, and resins, as well as in food, pharmaceutical, and cosmetic products. In the production of polyurethane, polyols are combined with isocyanates to create polyurethane polymers. The polyols are mostly derived from natural sources such as sugar, starch, and vegetable oils. The growing demand for polyurethane-based products and the increasing utilization of bio-based polyols in various applications drive the global polyol market.
MARKET DYNAMICS
The polyols market is anticipated to grow in the forecast period owing to driving factors such as growing demands for polyurethane in building & construction, automotive, furniture, interiors, footwear, and various other end-use segments. However, the volatile prices of crude oil create a demand-supply gap which ultimately slows the market growth. The construction industry in various emerging economies showcases growth opportunities for the global polyols market.
MARKET SCOPE
The "Global Polyols Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the polyols market with detailed market segmentation by type, application, end-use industry, and geography. The global polyols market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyols market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyols market is segmented based on type, application, and end-use industry. Based on type, the market is segmented as polyether polyols, polyester polyols, and others. Based on the application the market is segmented as flexible polyurethane foams, rigid polyurethane foams, CASE, and others. The market based on the end-use industry is classified as building & construction, automotive, furnishing, electronics, footwear, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyols market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polyols market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyols market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors affecting the polyols market in these regions.
MARKET PLAYERS
The reports cover key developments in the polyols market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the polyols market are anticipated to have lucrative growth opportunities in the future with the rising demand for polyols in the global market. Below mentioned is the list of few companies engaged in the polyols market.
The report also includes the profiles of key polyols companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key developments in the past five years.
- BASF SE
- Coim Group
- Covestro AG
- Expanded Polymer Systems Pvt. Ltd.
- INVISTA (Koch Industries, Inc.)
- Mitsui Chemicals, Inc.
- Polyols & Polymers Pvt.Ltd.
- Royal Dutch Shell plc
- Stepan Company
- Vertellus Holdings LLC