Global Polyols Market Size By Product (Polyether, Polyester), By Application (Flexible Foam, Coatings, Adhesives ), By Geographic Scope And Forecast

Polyols Market Size And Forecast

Polyols Market size was valued at USD 21.12 Billion in 2022 and is projected to reach USD 53.78 Billion by 2030, growing at a CAGR of 6.13% from 2024 to 2030.

The Global Polyols Market is expanding due to the rising applications of polyols in the food industry and chemical polymer industries. In the food industry, due to various lifestyle diseases such as diabetes, the preference for artificial sugar molecules is increasing as they are not metabolized by the human body to release glucose molecules. Thus, the preference for artificial sweeteners has increased in the industry. In the case of the polymer industry, the applications of polyols are immense, contributing to its rising demand. The Global Polyols Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Polyols Market Definition

Polyols is a term used in organic chemistry to represent sugar alcohol molecules found in various fruits, vegetables, and sugar-free sweeteners. The term polyol comes from a compound having multiple hydroxyl groups, which are primarily used in the food industry and polymer chemistry. Based on where polyols are being used, their applications change. In the food industry, polyols are used as artificial sweeteners to offer a sweet taste to the food.

Commonly used polyols as sweeteners include glucitol, xylitol, and maltitol. On the other hand, polyols are used to produce elastomers, fibers, flexible foam, adhesives, sealants, inks, paints, and coatings. Polyols are also commonly used in the polymerization process along with other monomers to produce polyurethane foams, which have an excellent cushioning ability.

Global Polyols Market Overview

The primary market drivers for polyols include their demand in the food industry and polymer chemistry. Their applications in the food industry are limited to their use as artificial sweeteners. However, excessive use of polyols as sweeteners can cause the consumer to have disturbed GIT. It is because the excessive consumption of polyols can have a laxative effect on the person. Thus, polyol-based artificial sweeteners are only administered in limited amounts, just enough to add a sweet taste to the food.

The applications of polyols in polymer chemistry are immense as they are starting materials for the manufacturing of various products such as elastomers, fibers, flexible foam, adhesives, sealants, inks, paints, and coatings that are used in the automobile industry, chemical industry, construction and manufacture, and electronics. Polyurethane foams prepared using polyols are used for various applications such as bedding, furniture, automotive interiors, carpet underlay, and packaging due to their soft feel and excellent cushioning effect. However, polyols are detrimental to the environment to some extent, which is affecting their applications in many industries as a result of stringent government regulations.

Global Polyols Market Segmentation Analysis

The Global Polyols Market has distinct segments based on Product, Application, And Geography.

Polyols Market, By Product

• Polyether
• Polyester

Based on Product, the global market for polyols is segmented into Polyether and Polyester. The polyether segment contributed the highest to the global market because of the superior physical properties of polyether polyols compared to polyester polyols. Polyether polyols can form remarkable foams and are highly durable, which makes them a material of choice for manufacturing flexible foams.

Polyols Market, By Application

• Flexible Foam
• Rigid Foam
• Coatings
• Adhesives
• Sealants

Based on Application, the global market for polyols is segmented into flexible foam, rigid foam, coatings, adhesives, and sealants. The flexible foam segment continued to express its dominance over the Global Polyols Market. Flexible foams are being used in automotive, aerospace, furniture, and many other industries because of the comfort and convenience it offers to the user. These applications are forecasted to promote the user of polyols for flexible foam, offering greater revenue to the segment.

Polyols Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Geography, the global market for polyols has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia Pacific region showcased its dominance over the global market through a larger market share and product demand. The reign of the Asia Pacific region is expected to remain due to the expansion of the automotive industry and growing industrialization in the region.

Key Players

The “Global Polyols Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Covestro AG, BASF SE, The Dow Chemical Company, Shell, and Huntsman. This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In August 2021, BASF SE chose Azelis Americas CASE LLC to distribute its polyurethane catalysts products in the North American market.
• In September 2021, Mitsui Chemicals Inc and SKC Co Ltd ended their collaboration to focus on separate goals and expansion strategies.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Polyols Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Polyols Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.