Polyols Market: By Type (Polyether polyols and Polyester polyols), By Application (Flexible polyurethane foam, Rigid polyurethane foam, and CASE), By End User Industry (Carpet backing, Packaging, Furniture, Automotive, Building & Construction, Footwear, Electronics, and others), and Geography  

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Polyols Market was valued at USD 28.1 billion in 2022 and is poised to grow at a CAGR of  5.7% from 2023-2029. Polyols Market is chemicals with several hydroxyl groups that are commonly employed in the polymer industry. The reaction of monomers such glycerine, sucrose, and ethylene glycol with ethylene oxide or propylene oxide produces polyether polyols. The reaction of these monomers with dibasic acid, on the other hand, yields polyester polyol. Polyester polyols have high tensile strength and shock absorption qualities, making them ideal for vibration dampening applications. Polyols are also utilised in the furniture, building, and controlled atmosphere packaging industries for bonding and laminating. The foam industry's remarkable growth over the last ten years has been a crucial element in the market's expansion. It is also utilised extensively in polymer chemistry, where low molecular weight polyols are often used. Low molecular weight polyols are used as a crosslinking agent in polymer chemistry. It is gaining popularity as a result of the advantages it provides in the production of sweeteners. It's well-known for giving sweetness without adding calories to the diet. Erythritol is the most current type of polyol to be permitted for use in foods in the European Union, and it complies with the polyol standards.

Polyols Market Key Developments:

  • In April 2019, BASF SE collaborated with Azelis Americas, LLC for the distribution of its polyurethane products in the U.S. and Canada.
  • In March 2019, Covestro AG collaborated with the US-based biotechnology company, Genomatica, for the R&D of high-performance materials based on renewable polyols. 

Polyols Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.7%

Largest Market

Asia-Pacific

Fastest Growing Market

Latin America
Polyols Market Dynamics

Polyols are used in polyurethane manufacturing activities. The largest application of polyols is polyurethane foam, contributing more than 65% of the total use. The main end-users of polyurethane foams are the automotive and construction industries. For automotive seating, polyurethane flexible foam is used in cushioning. In the spectrum of firmness and types, these foams are provided to accommodate the needs of seating. Asia-Oceania and African regions have seen a 9.3% and 11.5% rises in the production of passenger cars, according to the International Organization of Motor Vehicle Manufacturers (OICA).

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Polyols Market Segmentation

By Type
  • Polyether polyols
  • Polyester polyols
By Application
  • Flexible Polyurethane Foam
  • Rigid Polyurethane Foam
  • CASE
By End User Industry
  • Carpet backing
  • Packaging
  • Furniture
  • Automotive
  • Building & Construction
  • Footwear
  • Electronics
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The key segments covered in the polyols market are: by type, application, end-user industry and geography

The polyols market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The polyols market key players are: BASF SE, Covestro AG, Royal Dutch Shell Plc, The Dow Chemical Company, Mitsui Chemicals

Table of Content

  1. Executive Summary
  2. Global Polyols Market Introduction
    • Global Polyols Market Taxonomy
    • Global Polyols Market Definitions
      • By Type
      • By Application
      • By End User Industry
      • By Region
  1. Global Polyols Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Polyols Market Dynamic Factors - Impact Analysis
    • Global Polyols Market Competition Landscape
  2. Global Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Polyols Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Polyether Polyols
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyester Polyols
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyols Market Forecast, By Application, 2018 - 2022 and Forecast, 2019 2025 (Revenue, USD Mn)
    • Furniture
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rigid Polyurethane Foam
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • CASE
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyols Market, By End User Industry, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Carpet backing
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Packing
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Furniture
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building & Construction
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Footwear
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electronics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyols Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Region, 2023 - 2029
  2. North America Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyether Polyols
      • Polyester Polyols
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Flexible Polyurethane Foam
      • Rigid Polyurethane Foam
      • CASE
    • End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carpet backing
      • Packing
      • Furniture
      • Automotive
      • Building & Construction
      • Footwear
      • Construction
      • Other
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Country, 2023 - 2029
    • North America Polyols Market Dynamics Trends
  3. Europe Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyether Polyols
      • Polyester Polyols
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Flexible Polyurethane Foam
      • Rigid Polyurethane Foam
      • CASE
    • End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carpet backing
      • Packing
      • Furniture
      • Automotive
      • Building & Construction
      • Footwear
      • Construction
      • Other
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Country, 2023 - 2029
    • Europe Polyols Market Dynamics Trends
  4. Asia-Pacific Polyols Market Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyether Polyols
      • Polyester Polyols
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Flexible Polyurethane Foam
      • Rigid Polyurethane Foam
      • CASE
    • End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carpet backing
      • Packing
      • Furniture
      • Automotive
      • Building & Construction
      • Footwear
      • Construction
      • Other
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Country, 2023 - 2029
    • Asia-Pacific Polyols Market Dynamics Trends
  5. Latin America Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyether Polyols
      • Polyester Polyols
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Flexible Polyurethane Foam
      • Rigid Polyurethane Foam
      • CASE
    • End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carpet backing
      • Packing
      • Furniture
      • Automotive
      • Building & Construction
      • Footwear
      • Construction
      • Other
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Country, 2023 - 2029
    • Latin America Polyols Market Dynamics Trends
  6. Middle East and Africa Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyether Polyols
      • Polyester Polyols
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Flexible Polyurethane Foam
      • Rigid Polyurethane Foam
      • CASE
    • End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carpet backing
      • Packing
      • Furniture
      • Automotive
      • Building & Construction
      • Footwear
      • Construction
      • Other
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User Industry, and Country, 2023 - 2029
    • MEA Polyols Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Polymer & Polymer Types, Key Developments, Strategies, and SWOT Analysis)
      • 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
  1. Research Methodology

   16.  Key Assumptions and Acronyms

  • 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

Adjacent Markets