Global Polyols Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Polyols Market Overview:

"The Polyols Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Polyols is a chemical compounds containing multiple hydroxyl groups and are widely used in various end use industries which includes building & construction, transportation, automotive, etc.

Increasing construction activities is expected to drive growth of the global polyols market over the forecast period. In addition, polyols aids in producing lighter compact vehicles at lower cost which in turn boost demand for polyols in automotive industry, thereby expected to drive growth of the global polyols market over the forecast period. Furthermore, growing demand for textiles, resins and fibers is in turn expected to propel growth of global polyols market in near future. In addition, increasing focus on constructing energy efficient buildings are some among the other factors expected to support growth of the target market over the forecast period.

However, fluctuating prices of raw materials is expected to hamper growth of the target market over the forecast period. In addition, high pricing pressure is expected to challenge the growth of the global polyols market.

Nevertheless, manufacturers focusing on developing bio-based polyols is expected to create lucrative growth opportunities for players operating in the global polyols market.

Segment Analysis:

Based on type, the global polyols market is segmented based on polyether polyols and polyester polyols type. Based on application, the global polyols market is segmented based on polyurethane rigid foam, polyurethane flexible foam, and coatings, adhesives, sealants and elastomers (CASE).

Regional Analysis:

Market in Asia Pacific accounted for significant revenue share of the global polyols market in terms of revenue contribution as compared to that of markets in other regions, in 2017. Rapidly growing packaging, automotive industry, coupled with increasing presence of international and domestic players in market are major factors expected to drive growth of the market in Asia Pacific over the forecast period. In addition, the market in the Asia Pacific is projected to register fastest growth in terms of revenue over the next 10 years.

North America accounts for second-highest revenue share contribution to the global market, registering a revenue share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively.

Rapidly growing demand for polyols from various end use industries which includes automotive and construction industries, coupled with presence of major manufacturers especially in the US, are major factors expected to support growth of North America polyols market over the forecast period.

The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register moderate growth in the global polyols market over the forecast period.

Global Polyols Market Segmentation:

Segmentation based on type:

• Polyether Polyols
• Polyester Polyols

Segmentation based on application:

• Polyurethane Rigid Foam
• Polyurethane Flexible Foam
• Coatings, Adhesives, Sealants and Elastomers (CASE)

 Segmentation based on region:

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