Global Polyols Market was valued at S$ 28.1 billion in 2020 and is anticipated to grow at US$ 36.9 billion by 2027 recording a CAGR of 5.7% during the forecast period 2021-2027. 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 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. 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. In January 2019, Wanhua Chemical Group signed a new agreement with Brenntag Specialties, Inc., part of the Brenntag Group, for the distribution of aromatic isocyanates, polyether polyols, coatings additives, and polyurethane dispersions in the U.S.