Summary

Polyols Market Research Report Information by Product (Polyether, Polyester), By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Market Forecast Till 2035

Overview of the Market
Applications for polyols are numerous, and their production costs are very low. As a result, different hydroxyls in the organic compound led to a variety of uses. Polyols are particularly utilized in the building sector. Energy-efficient buildings are becoming more and more in demand. The increasing number of people using energy-saving methods is accelerating. Polyurethane rigid foams are becoming more and more popular as building materials because of their energy-saving qualities. Because they serve as insulators, they reduce greenhouse gas emissions and save energy.
The expansion of the polyols market is thought to be primarily driven by the development of the construction and automotive industries as well as rising consumer demand. For example, polyurethane foams made from polyols are becoming more and more popular in the construction and automotive sectors for use as bedding and cushions. In recent years, the use of polyurethane foams has surpassed the 65% growth rate.
The food industry's manufacture of artificial sweeteners is thought to be the primary factor propelling the growth of the polyols market. Polyols, commonly referred to as sugar alcohols, are widely utilized in ice cream, candy, and chewing gum because they include lower-calorie carbs. The expansion of the polyols sector is influenced by the expansion of the food industry.
Furthermore, the efficiency of the polyol-derived end products, like rigid polyurethane foams, is anticipated to support the industry's overall expansion during the projection period. For example, because of their exceptional efficiency, manufacturers favor polyurethane foams over alternatives for use in architecture and construction, electronics, automotive, and other fields.

Perspectives on Market Segments
Polyester and Polyether are included in the product-based market segmentation for polyols. In 2020, polyether polyols held the biggest market share.
Flexible foam, rigid foam, coatings, adhesives, and sealants are all included in the Polyols Market segmentation based on application.

Regional Perspectives
North America, Europe, Asia-Pacific, and the Rest of the World are the regions for which the study offers market information. Asia-Pacific: With more than 50% of the global market share, the Asia-Pacific region leads the polyols industry. Rapid industrialization, economic expansion, and rising demand for polyurethane products are the main factors driving the growth of the polyols market in this area. The two largest markets in this region are China and India, with South Korea and Japan coming in second and third.
Because of the growing need for sustainable and energy-efficient building materials, the polyols market in North America is anticipated to expand at a moderate rate. North America's biggest market for polyols is the US, which is followed by Canada and Mexico.
The need for polyurethane products in the building and automotive sectors is driving the polyols industry in Europe. Europe's biggest market for polyols is Germany, which is followed by France, the UK, and Italy.

Key Players
LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemical Group (China), BASF SE (Germany), and Covestro AG (Germany) are the leading companies in the polyols industry.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 25
1.1 MARKET ATTRACTIVENESS ANALYSIS ........................................................................................................... 26
1.1.1 GLOBAL POLYOLS MARKET, By Type ............................................................................................................... 27
1.1.2 GLOBAL POLYOLS MARKET, By Molecular Weight ............................................................................................ 28
1.1.3 GLOBAL POLYOLS MARKET, By Application ..................................................................................................... 29
1.1.4 GLOBAL POLYOLS MARKET, By End-Use .......................................................................................................... 30
1.1.5 GLOBAL POLYOLS MARKET, BY region ............................................................................................................ 31
2 MARKET INTRODUCTION ............................................................................................................ 33
2.1 DEFINITION ............................. 33
2.2 SCOPE OF THE STUDY ........... 33
2.3 RESEARCH OBJECTIVE ......... 33
2.4 MARKET STRUCTURE ............ 35
2.5 KEY BUYING CRITERIA ......... 36
3 RESEARCH METHODOLOGY ...................................................................................................... 37
3.1 OVERVIEW ................................... 37
3.2 DATA FLOW ................................ 39
3.2.1 Data Mining Process ........ 40
3.3 PURCHASED DATABASE: ......... 41
3.4 SECONDARY SOURCES: .......... 42
3.4.1 Secondary Research data flow: ........................................................................................................................ 43
3.5 PRIMARY RESEARCH:............................ 44
3.5.1 Primary Research DATA FLOW:........................................ 45
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 46
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 46
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 47
3.6.1 Consumption & Net Trade Approach....................... 47
3.6.2 Revenue Analysis Approach...................................................... 47
3.7 DATA FORECASTING.............. 48
3.7.1 Data forecasting Technique ............................................................................................................................ 48
3.8 DATA MODELING ....................... 49
3.8.1 microeconomic factor analysis:.................................................... 49
3.8.2 Data modeling:....................................................... 50
3.9 TEAMS AND ANALYST CONTRIBUTION........................ 52

4 MARKET DYNAMICS..................................................... 54
4.1 INTRODUCTION ........................ 54
4.2 DRIVERS ....................................... 55
4.2.1 Rising Demand for Polyurethane Foams in the Construction Industry................................................................. 55
4.2.2 Expanding Automotive Sector Increases Polyurethane Foam Consumption ........................................................ 56
4.3 RESTRAINTS ................................ 57
4.3.1 Fluctuating raw material prices impact production cost stability ....................................................................... 57
4.3.2 Stringent Environmental Regulations Limit Petrochemical-Based Polyols Usage ................................................ 58
4.4 OPPORTUNITY ............................. 59
4.4.1 Increasing Demand for Bio-Based Polyols in Green Products ............................................................................ 59
4.4.2 Expanding packaging industry driving demand for rigid foams .......................................................................... 60
4.5 IMPACT ANALYSIS OF COVID - 19 ........................................................................................................................ 61
4.5.1 Impact On supply ........ 61
4.5.2 Impact On demand ... 61
4.6 IMPACT ANALYSIS OF RUSSIA-UKRAINE WAR ............................................................................................. 62
5 MARKET FACTOR ANALYSIS.............................................. 64
5.1 SUPPLY/VALUE CHAIN ANALYSIS............................................... 64
5.1.1 Participants ................... 64
5.1.1.1 Raw Materials ................................ 64
5.1.1.2 Manufacturing / Production/ Processing............ 65
5.1.1.3 DISTRIBUTION.......................................................... 65
5.1.1.4 END-USERS....................... 65
5.1.2 Value Percolation Across the Chain.................................. 66
5.1.3 Integration Levels ......... 67
5.1.4 Key Issues Addressed (Key Success Factors)................................................................................................... 67
5.1.4.1 Raw Material Volatility ............................................................................................................................ 67
5.1.4.2 Environmental Regulations and Sustainability .......................................................................................... 68
5.1.4.3 Supply Chain Disruptions and Logistics Challenges .................................................................................. 68
5.1.4.4 Technological Advancements and Innovation Pressures ........................................................................... 68
5.1.4.5 Market Fragmentation and Competitive Landscape .................................................................................. 68
5.1.4.6 Shifting Consumer Preferences and End-User Demands ........................................................................... 68
5.1.4.7 Regional Disparities in Market Development ............................................................................................ 68
5.1.4.8 Sustainability and Circular Economy Initiatives ........................................................................................ 69
5.2 PORTER’S FIVE FORCES MODEL......................... 70
5.2.1 Threat of New Entrants........................................... 70
5.2.2 Bargaining Power of Suppliers.......................................... 71
5.2.3 Threat of Substitutes..................................................... 71
5.2.4 Bargaining Power of Buyers............................................. 71
5.2.5 Intensity of Rivalry.................................................................. 72
5.3 SUPPLY-DEMAND ANALYSIS.................................................... 72
5.4 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS .................................................. 73
5.4.1 Based on Type ........... 73
5.4.1.1 Polypropylene Glycol (PPG) Series............................. 73
5.4.1.2 Polyether Polyol for Flexible Foam.................................. 73
5.4.1.3 Polyether Polyol for Rigid Foam.......................................... 73
5.4.1.4 Polyester Polyol ........................................................................................... 73
5.4.1.5 Polymeric Polyol.................................................. 73
5.4.1.6 Others (Specialty Polyols)................................................. 74
5.4.2 Based on Application.......................................................... 74
5.4.2.1 Flexible Polyurethane Foam....................................................... 74
5.4.2.2 Rigid Polyurethane Foam..................................... 74
5.4.2.3 Coatings ............... 74
5.4.2.4 Adhesives & Sealants.................................................. 74
5.4.2.5 Elastomers ............. 75
5.5 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS .......................................................................... 75
5.5.1 Bio-Based Polyols: Paving the Way for Sustainable Solutions ............................................................................ 75
5.5.2 Advances in CO₂-Based Polyols: Turning Waste into Value ............................................................................... 75
5.5.3 Nanotechnology Integration: Enhancing Material Performance .......................................................................... 75
5.5.4 High-Performance Polyols for Automotive Applications .................................................................................... 75
5.5.5 Smart Polyols: Responsive and Adaptive Materials ........................................................................................... 76
5.5.6 Development of Low-VOC and Odor-Free Polyols .............................................................................................. 76
5.5.7 Recycling and Circular Economy Initiatives ...................................................................................................... 76
5.5.8 Tailored Polyols for Niche Applications ........................................................................................................... 76
5.5.9 Digitalization and Process Optimization in Polyol Production ............................................................................ 76
5.5.10 Future Outlook: Emerging Trends and Opportunities ......................................................................................... 77
5.6 REGULATORY FRAMEWORK ................................................................................................................................. 77
5.6.1 Environmental Regulations and Sustainability Standards .................................................................................. 77
5.6.2 Chemical Safety and Occupational Health Regulations ..................................................................................... 77
5.6.3 Building & Construction-Specific Regulations ................................................................................................... 78
5.6.4 Automotive Industry Regulations ..................................................................................................................... 78
5.6.5 Furnishings Industry Standards...................................... 78
5.6.6 Packaging Industry Compliance ...................................................................................................................... 78
5.6.7 Electronics Industry Safety Standards .............................................................................................................. 78
5.6.8 Waste Management and Recycling Regulations ................................................................................................ 79
5.6.9 Trade Policies and Global Compliance ............................................................................................................. 79
5.7 R&D UPDATE ........................... 79
5.7.1 Current Scenario ............ 79
5.7.2 Future Roadmap ........... 80
5.7.3 Challenges ..................... 80
5.7.4 Novel Applications.................................................................................. 80
5.7.5 Key Developments.......................................................................... 80
5.8 CASE STUDIES/USE CASES................................................................... 81
5.8.1 Case Study 1 ................. 81
5.8.1.1 Introduction to the Automotive Industry’s Need for Innovation .................................................................. 81
5.8.1.2 Role of Polyols in Automotive Components .............................................................................................. 81
5.8.1.3 Impact on Vehicle Weight and Fuel Efficiency .......................................................................................... 81
5.8.1.4 Case Example: Leading Automotive Manufacturer’s Success Story ........................................................... 81
5.8.1.5 Sustainability and Environmental Benefits ............................................................................................... 81
5.8.2 Case Study 2 ............................. 82
5.8.2.1 Challenges in the Construction Sector ..................................................................................................... 82
5.8.2.2 Use of Polyols in Building Insulation ........................................................................................................ 82
5.8.2.3 Energy Savings and Environmental Impact ............................................................................................... 82
5.8.2.4 Case Example: Energy-Efficient Commercial Building Project .................................................................... 82
5.8.2.5 Advancements in Bio-Based Polyols for Green Construction ..................................................................... 82
5.9 PESTEL ANALYSIS ................... 82
5.9.1 Political Factors ........... 82
5.9.2 Economic Factors ........................................................................................................................................... 83
5.9.3 Social Factors ............. 83
5.9.4 Technological Factors......................................................................... 83
5.9.5 Environmental Factors .................................................................................................................................... 83
5.9.6 Legal Factors .............. 84
6 GLOBAL POLYOLS MARKET, BY TYPE ...................................................................................... 86
6.1 INTRODUCTION ........................ 86
6.2 PPG SERIES ...................................... 87
6.3 POLYETHER POLYOL FOR FLEXIBLE FOAM ..................................................................................................... 87
6.4 POLYETHER POLYOL FOR RIGID FOAM .............................................................................................................. 88
6.5 POLYESTER POLYOL ............... 88
6.6 POLYMERIC POLYOL .............. 88
6.7 OTHERS ....................................... 88
7 GLOBAL POLYOLS MARKET, BY MOLECULAR WEIGHT .......................................................... 90
7.1 INTRODUCTION ....................... 90
7.2 1-1000..... 91
7.3 1000-2000 ..................................... 91
7.4 2000-5000 ..................................... 91
7.5 ABOVE 5000 .............................. 92
8 GLOBAL POLYOLS MARKET, BY APPLICATION ........................................................................ 93
8.1 INTRODUCTION ........................... 93
8.2 FLEXIBLE POLYURETHANE FOAM ...................................................................................................................... 94
8.3 RIGID POLYURETHANE FOAM ..94
8.4 COATINGS ........................................ 95
8.5 ADHESIVES & SEALANTS ................ 95
8.6 ELASTOMERS ............................... 95
9 GLOBAL POLYOLS MARKET, BY END-USE ................................................................................ 97
9.1 INTRODUCTION ........................ 97
9.2 BUILDING & CONSTRUCTION ................................................................................................................................. 98
9.3 AUTOMOTIVE ............................. 98
9.4 FURNISHINGS .......................... 98
9.5 PACKAGING ................................ 99
9.6 ELECTRONICS ............................. 99
9.7 OTHERS ......................................... 99
10 GLOBAL POLYOLS MARKET, BY REGION .................................................................................. 100
10.1 OVERVIEW ........................................ 100
10.2 NORTH AMERICA ................... 102
10.2.1 US................................. 107
10.2.2 canada ........................ 111
10.2.3 mexico ........................ 114
10.3 EUROPE ...................................... 117
10.3.1 germany ........................ 123
10.3.2 France .......................... 127
10.3.3 UK ............................... 130
10.3.4 Spain ............................ 133
10.3.5 Italy ................................. 137
10.3.6 Rest of Europe ................ 140
10.4 ASIA PACIFIC ............................... 143
10.4.1 china.............................. 149
10.4.2 India..... 153
10.4.3 Japan ........................ 156
10.4.4 Thailand .......................... 159
10.4.5 South Korea ................... 163
10.4.6 Rest of Asia-Pacific ....... 166
10.5 SOUTH AMERICA ...................... 169
10.5.1 brazil ............................... 174
10.5.2 Argentina .................... 178
10.5.3 Rest of South America 181
10.6 MIDDLE EAST & AFRICA ........ 185
10.6.1 Saudi Arabia .................... 191
10.6.2 UAE .............................. 195
10.6.3 Qatar ............................ 198
10.6.4 Oman ................................. 201
10.6.5 South Africa ...................... 205
10.6.6 Rest of Middle East & Africa............................................................... 208
11 COMPETITIVE LANDSCAPE................................................. 212
11.1 COMPETITIVE OVERVIEW .... 212
11.2 MAJOR PLAYERS IN THE GLOBAL POLYOLS MARKET ................................................................................ 212
11.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS ............................................ 213
11.4 COMPETITIVE BENCHMARKING........................................................... 213
11.5 STRATEGIES OF MARKET LEADERS IN THE GLOBAL POLYOLS MARKET ........................................... 214
11.5.1 Dow...... 214
11.5.2 Covestro AG ................. 214
11.5.3 Shell .............................. 214
11.5.4 BASF SE .......................... 214
11.5.5 Solvay ............................ 214
12 COMPANY PROFILES........................................................ 215
12.1 COVESTRO AG ............................... 215
12.1.1 Company Overview ..... 215
12.1.2 Financial Overview............................................................................... 216
12.1.3 Products/Services Offered................................................................. 216
12.1.4 KEY DEVELOPMENTS ............. 217
12.1.5 SWOT Analysis ............. 217
12.1.6 Key Strategies .............. 217
12.2 BASF SE ............................................. 218
12.2.1 COMPANY OVERVIEW .. 218
12.2.2 Financial Overview ........ 218
12.2.3 PRODUCTS OFFERED ..... 219
12.2.4 KEY DEVELOPMENTS ..... 219
12.2.5 SWOT ANALYSIS ......... 220
12.2.6 KEY STRATEGIES ......... 220
12.3 DOW.. 221
12.3.1 COMPANY OVERVIEW ... 221
12.3.2 Financial Overview ...... 221
12.3.3 PRODUCTS OFFERED ... 222
12.3.4 KEY DEVELOPMENTS .... 222
12.3.5 SWOT ANALYSIS .......... 223
12.3.6 KEY STRATEGIES ......... 223
12.4 SHELL .......................................... 224
12.4.1 COMPANY OVERVIEW ... 224
12.4.2 Financial Overview ......... 224
12.4.3 PRODUCTS OFFERED .. 225
12.4.4 KEY DEVELOPMENTS ... 225
12.4.5 SWOT ANALYSIS ......... 226
12.4.6 KEY STRATEGIES ......... 226
12.5 HUNTSMAN INTERNATIONAL LLC............................... 227
12.5.1 Company Overview ......... 227
12.5.2 Financial Overview............................................................................. 227
12.5.3 Products/Services Offered............................................. 227
12.5.4 KEY DEVELOPMENTS .......... 227
12.5.5 SWOT Analysis ............ 228
12.5.6 Key Strategies ............. 228
12.6 COIM USA INC. ............................... 229
12.6.1 COMPANY OVERVIEW ..... 229
12.6.2 Financial Overview ....... 229
12.6.3 PRODUCTS OFFERED .... 229
12.6.4 KEY DEVELOPMENTS .... 229
12.6.5 SWOT ANALYSIS ......... 230
12.6.6 KEY STRATEGIES ......... 230
12.7 STEPAN COMPANY ................... 231
12.7.1 COMPANY OVERVIEW ......... 231
12.7.2 Financial Overview ..... 231
12.7.3 PRODUCTS OFFERED .... 232
12.7.4 KEY DEVELOPMENTS ......... 232
12.7.5 SWOT ANALYSIS ........... 233
12.7.6 KEY STRATEGIES ......... 233
12.8 PALMER HOLLAND, INC. ......... 234
12.8.1 COMPANY OVERVIEW .. 234
12.8.2 Financial Overview ....... 234
12.8.3 PRODUCTS OFFERED .... 234
12.8.4 KEY DEVELOPMENTS .... 234
12.8.5 SWOT ANALYSIS ............... 235
12.8.6 KEY STRATEGIES ........... 235
12.9 SOLVAY ......................................... 236
12.9.1 COMPANY OVERVIEW ...... 236
12.9.2 Financial Overview ....... 236
12.9.3 PRODUCTS OFFERED ......... 237
12.9.4 KEY DEVELOPMENTS ....... 237
12.9.5 SWOT ANALYSIS .............. 238
12.9.6 KEY STRATEGIES .......... 238
12.10 PCC GROUP ................................... 239
12.10.1 COMPANY OVERVIEW .... 239
12.10.2 Financial Overview ....... 239
12.10.3 PRODUCTS OFFERED ...... 239
12.10.4 KEY DEVELOPMENTS ...... 239
12.10.5 SWOT ANALYSIS ......... 240
12.10.6 KEY STRATEGIES ......... 240