The Polyol market is projected to grow at a CAGR of 7.5% to reach USD 41 billion by 2026 from 25 billion in 2019. Increasing consumption in end-user industries such as construction and automotive has significantly contributed to the growth of this market. Growth of the construction industry in the residential sector, primarily in the Asia Pacific, in order to meet the demand for housing from a rapidly growing population, has led to the demand for building components where polyols are used such as exterior panels, insulation, and protective materials.
The research report analyses the ecosystem of Polyol and categorizes the Polyol Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
By Type
• Polyether Polyols
• Polyester Polyols
By Application
• Flexible Polyurethane Foam
• Rigid Polyurethane Foam
• Adhesives & Sealants
• Elastomers
• Coatings
• Others
The report also provides an in-depth analysis of Polyol Market Dynamics such as drivers, restraints opportunities and challenges:
Polyol Market Drivers:
• Polyol market is growing on account of increasing demand from Automotive and Construction Industries
• Growth in refrigeration and freezer market in Asia Pacific which has in turn created a deand for polyol in this region
Polyol Market Restraints:
• Environmental Regulations for Manufacturing of Polyurethane Foams
Polyol Market Opportunities:
• Increasing Demand for Bio-Based Polyols
• Opportunities for Polycarbonate diols which are premium polyester polyols
Polyol Market Challenges:
• Fluctuating Polyol raw material Prices
Company Profiles and Competitive Intelligence Covered in Polyol Market Report are:
The key players operating in the market are: BASF SE, Covestro AG, Royal Dutch Shell Plc, The Dow Chemical Company, Mitsui Chemicals, Wanhua Chemicals Group, LANXESS AG, Huntsman Corporation, Stepan Company, Repsol SA, Kuraray
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