Global Polyols Market Report and Forecast 2023-2028
Market Report I 2023-08-22 I 163 Pages I EMR Inc.
Global Polyols Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global polyols market reached a value of USD 29.1 billion in 2022. Aided by the mounting demand for energy-efficient insulation materials and the ever-expanding applications of polyols in diverse industries, the market is projected to further grow at a CAGR of 6.1% between 2023 and 2028 to reach a value of USD 41.3 billion by 2028.
Polyols, often termed as sugar alcohols, are organic compounds with multiple hydroxyl groups. They play a pivotal role in the manufacturing of polyurethanes, which find applications in insulations, elastomers, sealants, and flexible foams. Furthermore, owing to their sweet-tasting nature, polyols are gaining traction as sugar replacements in food and beverage items, thus catering to the ever-growing health-conscious population.
The relentless drive towards energy efficiency, especially in the building and construction sector, has intensified the demand for insulation materials. Polyurethane foams, derived from polyols, are at the forefront of this demand due to their exemplary insulating properties. These foams aid in temperature regulation, reducing the reliance on artificial cooling or heating, thus driving energy savings and carbon footprint reduction. This burgeoning demand for effective insulations in both residential and commercial infrastructures is a prime force boosting the polyols market growth.
In the realm of food and beverages, polyols have carved a niche as sugar substitutes. With an increasing number of individuals leaning towards low-calorie and sugar-free diets, primarily driven by rising cases of diabetes and obesity, polyols have become ingredients du jour in confectioneries, baked goods, and other foodstuffs. Their lower glycaemic index, coupled with a sweet taste that mirrors natural sugar, makes them a preferred choice among health-savvy consumers.
However, it's not just the insulation and food sectors that underpin the polyols market demand. The automotive industry, in its quest for lightweight and fuel-efficient vehicles, incorporates polyurethane (derived from polyols) in seats, interiors, and in certain technical applications. This not only enhances vehicular efficiency but also augments comfort and aesthetics.
The cosmetic and personal care industry also leverages the unique properties of polyols. Used as humectants, they help retain moisture in skincare and haircare products, ensuring longer-lasting hydration and better skin or hair health. Given the explosive growth of the global cosmetic market, polyols are poised to witness augmented demand from this sector.
The sustainability narrative, gripping industries globally, also intertwines with the polyols market. Research and development initiatives are geared towards producing bio-based polyols, derived from renewable resources, as an alternative to their petroleum-based counterparts. This push for green, sustainable solutions offers not only an environmental reprieve but also caters to the eco-conscious consumer base, thus increasing the global polyols market size.
Market Segmentation
The market can be divided based on type, application, industry, and region.
Market Breakup by Type
- Polyether Polyols
- Polyester Polyols
Market Breakup by Application
- Flexible Polyurethane Foam
- Rigid Polyurethane Foam
- CASE (Coatings, Adhesives, Sealants and Elastomers)
- Others
Market Breakup by Industry
- Carpet Backing
- Packaging
- Furniture
- Automotive
- Building and Construction
- Electronics
- Footwear
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polyols market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF SE
- Royal Dutch Shell Plc
- Covestro AG
- The Dow Chemical Company
- Wanhua Chemical Group Co., Ltd.
- Huntsman International LLC
- Stepan Company
- Repsol S.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polyols Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyols Historical Market (2018-2022)
8.3 Global Polyols Market Forecast (2023-2028)
8.4 Global Polyols Market by Type
8.4.1 Polyether Polyols
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Polyester Polyols
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Polyols Market by Application
8.5.1 Flexible Polyurethane Foam
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Rigid Polyurethane Foam
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 CASE (Coatings, Adhesives, Sealants and Elastomers)
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Polyols Market by Industry
8.6.1 Carpet Backing
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Packaging
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Furniture
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Building and Construction
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Electronics
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Footwear
8.6.7.1 Historical Trend (2018-2022)
8.6.7.2 Forecast Trend (2023-2028)
8.6.8 Others
8.7 Global Polyols Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Polyols Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Polyols Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Polyols Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Polyols Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Polyols Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BASF SE
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Royal Dutch Shell Plc
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Covestro AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 The Dow Chemical Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Wanhua Chemical Group Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Huntsman International LLC
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Stepan Company
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Repsol S.A.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.3.9 Others
18 Key Trends and Developments in the Market
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