Global Polyols Market Report By Product (Polyether And Polyester), Application (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11210638
April 2021
Report Formats:
Global Polyols Market Overview
 
The global Polyols Market was valued at USD 28.2 BN and is estimated to grow at a CAGR of 6% during the forecast period. Rising energy conservation attempts are fuelling demand for rigid foams with high insulation properties, especially in the construction industry. This is likely to arise as a significant factor driving the market. In addition to this, the growth of the construction sector, mainly in the Asia Pacific, to fulfill the need of a rapidly growing population is foreseen to boost the demand. Expansion of automotive and packaging industries are also supporting towards the growth of the market. By volume, the market is growing at a CAGR of 7.5% between 2020 and 2026 and is estimated to reach 15,500 KT by 2026.
 
Further, major manufacturers have been focusing on exploring bio-based polyols to reduce dependence on traditional petrochemical-derived polyols, given growing environmental concerns and instability in the process of raw materials. the nature of the competitive landscape is highly concentrated and oligopolistic. In 2019, top players accounted for a share of over 39% in the market.
 
Polyurethane-based binders find significant applications in composite wood products to permanently glue organic materials into medium-density fiberboard (MDF), long-strand lumber, laminated-veneer lumber, oriented strand board (OSB), strawboard, and particleboard. polyurethane elastomers are rubber-like materials manufactured with an extensive range of variety and properties while molded into almost any shape. the elastomers having low weight and their machinability make elastomers an excellent choice for dozens of building and construction applications. the significant growth of the polyurethanes market is expected to boost the polyols market extensively.
 
The major intermediate chemicals or raw material building blocks used to produce polyurethane polyols are propylene oxide and ethylene oxide. changes in the cost of these basic raw materials flow directly through the production chain to final polyurethane products. As the cost of energy to run petrochemical production plants increases, the cost to manufacture polyurethane products derived from petroleum products also increases. the volatility in the petrochemical raw material prices could curb the growth of the global polyol market within the forecast period. Some of the key players are BASF, Covestro, Shell, The Dow Chemical Company, and Huntsman. Companies such as BASF, Dow Chemical, and covestro have well-developed research and development facilities, along with a global footprint and a loyal customer base.

Global Polyols Market Share

In this market research report, the market is segmented by product, application and region.

Analysis by Product
Based on product, the market is bifurcated into polyether and polyester. Polyether polyols held a majority share in the global polyols market and will continue to remain dominant over the forecast period. Flexible and rigid foam polyols drive the segment growth. The majority of polyether polyols are utilized to make flexible and rigid foam polyols widely used in packaging, bedding, transportation, construction, and other well-being. Other non-foam uses of Polyether polyols include adhesives, sealants, and surface coatings.

China is a major producer and consumer of polyether polyols highly influenced by the polyurethane foam market. Dow Chemical is the largest global producer of polyether polyols, with the largest number of plants and capacities in the most significant number of countries.

In terms of production, the growing shift is towards green or sustainable sources. Most major producers are in the process of developing or have already developed bio-based polyols. These new sources include renewable edible oils such as soybean, castor, rapeseed, and corn oils.

Analysis by Application
Based on application, the market is segmented into Rigid Foam, Flexible Foam, Coatings, Adhesives, Sealants and Elastomers. The majority of polyols are utilized for the production of flexible foam. The segment is expected to continue its dominance over the forecast period. Polyether and polyester polyols produce flexible foams for industrial and consumer markets. The flexible foams find wide applications in furniture, mattresses, upholstery, automotive seats, and packing systems.

Polyols-based flexible foam is the substance of solace in numerous consumer products. Over the years, advancement in this segment brought to the world the delicate and unique feel of adaptive padding in beddings and cushions, the comfort of bed-in-a-box, uphold and improved ergonomics in furniture, and prosperity in numerous different applications, for example, transportation, outdoor supplies or floor covering underlay.

Growth trends in packaging, construction, and consumer products will flourish demand for polyols throughout the forecast period. There is a growing trend of preparing flexible foam by bio-based material replacing commercial petroleum sources.

Analysis by Region
The global polyols market is analyzed across five regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-Pacific tops the leaderboard in terms of regions, with a large and expanding population and industries representing a diverse end-use market. The region offers a huge opportunity for industry success. The rapid growth of polyols can be attributed to demand from developing countries such as China, India, Japan, and escalating demand from the sector, including automotive, and construction where it has broad application, among other uses.

Europe, dominated by Germany, U.K., and France, emerged as the second-largest polyols-consuming region in 2019. Increasing demand for insulation in low-income households to conserve energy efficiently, coupled with governments' favorable regulatory support, is anticipated to propel the demand for polyols in Europe. North America is also performing well in the global polyols market. The region stands out as the third-largest market. Demand for polyols is also set to rise in North America at a moderate pace owing to intense competitive pressures, rising construction, and emerging automotive markets.

Latin America is considered a market that is developing more aggressively in line with GDP, demographics, and purchasing power. Substantial growth will be attributed to flourishing Brazil and Argentina, favorable government support, and a wave of investment in new manufacturing facilities, simultaneously creating and capitalizing on growing demand. Middle East and Africa held the considerable share in the overall polyols market. The regional market growth will probably improve owing to the improvement in the downstream demand for foam products.

Market Segmentation covered in the Report:
By Type
  • Polyether
  • Polyester

By Application
  • Rigid Foam
  • Flexible Foam
  • Coatings
  • Adhesives
  • Sealants
  • Elastomers

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

METHODOLOGY:
 
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources,  Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
 
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . POLYOLS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL POLYOLS MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Polyether Market by Regions
       6.6 Polyester Market by Regions
 
7 . GLOBAL POLYOLS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Rigid Foam Market by Regions
       7.5 Flexible Foam Market by Regions
       7.6 Coatings Market by Regions
       7.7 Adhesives Market by Regions
       7.8 Sealants Market by Regions
       7.9 Elastomers Market by Regions
 
8 . GLOBAL POLYOLS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE POLYOLS COMPANIES
       9.1. Polyols Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF POLYOLS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. BASF
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Covestro
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Shell
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. The Dow Chemical Company
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Huntsman
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (Kilo Tons and USD MN)
  •  Polyether Market by Geography (Kilo Tons and USD MN)
  •  Polyester Market by Geography (Kilo Tons and USD MN)
  •  Analysis Market by Application (Kilo Tons and USD MN)
  •  Rigid Foam Market by Geography (Kilo Tons and USD MN)
  •  Flexible Foam Market by Geography (Kilo Tons and USD MN)
  •  Coatings Market by Geography (Kilo Tons and USD MN)
  •  Adhesives Market by Geography (Kilo Tons and USD MN)
  •  Sealants Market by Geography (Kilo Tons and USD MN)
  •  Elastomers Market by Geography (Kilo Tons and USD MN)
  •  Global Polyols Market by Geography (Kilo Tons and USD MN)
  •  North America Market Analysis (Kilo Tons and USD MN)
  •  United State Market Analysis (Kilo Tons and USD MN)
  •  Canada Market Analysis (Kilo Tons and USD MN)
  •  Mexico Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Estimate by Country (Kilo Tons and USD MN)
  •  United Kingdom Market Analysis (Kilo Tons and USD MN)
  •  France Market Analysis (Kilo Tons and USD MN)
  •  Germany Market Analysis (Kilo Tons and USD MN)
  •  Italy Market Analysis (Kilo Tons and USD MN)
  •  Russia Market Analysis (Kilo Tons and USD MN)
  •  Spain Market Analysis (Kilo Tons and USD MN)
  •  Rest of Europe Market Analysis (Kilo Tons and USD MN)
  •  Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  China Market Analysis (Kilo Tons and USD MN)
  •  Japan Market Analysis (Kilo Tons and USD MN)
  •  India Market Analysis (Kilo Tons and USD MN)
  •  South Korea Market Analysis (Kilo Tons and USD MN)
  •  Australia Market Analysis (Kilo Tons and USD MN)
  •  Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  Latin America Market Analysis (Kilo Tons and USD MN)
  •  Brazil Market Analysis (Kilo Tons and USD MN)
  •  Argentina Market Analysis (Kilo Tons and USD MN)
  •  Peru Market Analysis (Kilo Tons and USD MN)
  •  Chile Market Analysis (Kilo Tons and USD MN)
  •  Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  •  Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  •  Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  •  UAE Market Analysis (Kilo Tons and USD MN)
  •  Israel Market Analysis (Kilo Tons and USD MN)
  •  South Africa Market Analysis (Kilo Tons and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Polyols Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Polyols Market Size, by Region (Kilo Tons and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (Kilo Tons and USD MN)
  •  Polyether Market by Geography (Kilo Tons and USD MN)
  •  Polyester Market by Geography (Kilo Tons and USD MN)
  •  Global Market Analysis by Application (Kilo Tons and USD MN)
  •  Rigid Foam Market by Geography (Kilo Tons and USD MN)
  •  Flexible Foam Market by Geography (Kilo Tons and USD MN)
  •  Coatings Market by Geography (Kilo Tons and USD MN)
  •  Adhesives Market by Geography (Kilo Tons and USD MN)
  •  Sealants Market by Geography (Kilo Tons and USD MN)
  •  Elastomers Market by Geography (Kilo Tons and USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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