Polyester Polyols Market Forecast, Trends, Scope by 2031
The Polyester Polyols Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Aliphatic and Aromatic). The report presents analysis based on Application (Panels and Boards, Flexible Foam, Spray Foam, Coatings, Adhesives and Sealants, Elastomers,and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Polyester Polyols Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Polyester Polyols Market Segmentation
Type- Aliphatic
- Aromatic
- Panels and Boards
- Flexible Foam
- Spray Foam
- Coatings
- Adhesives and Sealants
- Elastomers
Strategic Insights
Polyester Polyols Market Growth Drivers- Increasing Use of Polyester Polyols in Rigid and Flexible Foams: The key drivers in the polyester polyols market include growth in polyester polyols usage in manufacturing rigid and flexible foams in the market. Generally, polyurethane foams, which are derived from polyester polyols, are used in plenty because they possess great insulation properties and are light and durable. These foams have critical applications in several areas such as automobiles, construction, and furniture.
- Polyester Polyols Enhance Automotive Industry with Lightweight, Insulating Foams: Polyester polyols are used in rigid foams in the automotive industry used for insulation, sound absorption as well as structural components. Automotive producers specially require lighter material that is energy efficient and strong due to mounting pressure on fuel efficiency and emissions. This increases the demand for polyester polyol consumption in the automotive application to produce the foams.
- Polyester Polyols Boost Construction Insulation with High-Performance Foams: Polyester polyols also find application in the construction industries, particularly in the rigid foams for the purpose of insulation. With growing concerns for energy efficiency of buildings and sustainability in construction practices, demand for more polyurethane-based insulating materials has been on the increase. Polyester polyols consequently play a significant role in trying to satisfy such demand by making it possible to produce high-performance foams that deliver good thermal insulation.
- Development of Bio-based and Recycled Polyester Polyols: Bio-based and recycled polyester polyols is emerging as the new trend in the polyester polyols market. Industries focus on reducing their carbon footprint while opting for renewable resources as growing concerns over sustainability. Bio-based polyester polyols are a green alternative to petrochemical-based polyols developed from renewable sources such as vegetable oils.
- Growing Demand for Bio-based Polyester Polyols: Bio-based polyester polyols decrease dependency on fossil fuels and support consumer needs for more environmentally friendly products. They retain the performance attributes needed for applications in polyurethanes, coatings, and foams but fit better with higher environmental regulations and corporate sustainability aspirations. Continuous demand growth boosts market growth, especially in regions that consider higher environmental standards.
- Advancing Circular Economy with Waste-to-Resource Solutions for Polyurethanes and Insulation Applications: Other polyols are growing in importance alongside bio-based polyols-recycled polyester polyols derived from waste post-consumer and industrial plastic waste, towards a circular economy and resource recovery over waste. Insulation and furniture applications, among many others, are increasingly consuming recyclable materials such as recycled polyester polyols.
- Expanding Applications of Polyurethane Products: This is due to the fact that its use continues to expand, hence it presents great growth prospects within the polyester polyols market. Polyurethane is a very versatile material used in almost every industry and they range from automobiles, construction, furniture, packaging, electronics, etc. Polyester polyols are critical components of polyurethane, and as the industries are expanding, so will be the demand for them.
- Expanding Demand for Polyester Polyols in Automotive Applications: Polyester polyols are used in producing polyurethanes involved in car interior application; car insulation; bumpers; and seals. Hence, expanding use of polyurethane products enhances the demand for polyester polyols due to automotive manufactures' pursuit for those materials that will provide competition in performance and environmental requirements.
- Growth Opportunities for Polyester Polyols in Construction and Polyurethane Products: A significant growth sector is polysrtram-inflosed polyester polyols. Polyurethane products serve various purposes such as insulating materials, floor coverings, coatings, and adhesives in enhancing energy efficiency and durability. In a rising numbers global construction activity, particularly among the emerging markets, their demand for high-performance polyurethane-based products has continued to grow which has, in turn, presented new growth opportunities for polyester polyols in this particular industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyester Polyols Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Polyester Polyols Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Development of Bio-based and Recycled Polyester Polyols is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polyester polyols market.
BASF SE, Kansai Paint Co. Ltd., Sumitomo Bakelite Co. Ltd. are some of the key players operating in the polyester polyols market
Based on type, aliphatic is expected to witness the fastest growth during the forecast period
Increasing Use of Polyester Polyols in Rigid and Flexible Foams is driving the market growth
The Polyester Polyols Market is estimated to witness a CAGR of 6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyester Polyols Market - By Product Type
1.3.2 Polyester Polyols Market - By Application
1.3.3 Polyester Polyols Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYESTER POLYOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. POLYESTER POLYOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POLYESTER POLYOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYESTER POLYOLS - GLOBAL MARKET OVERVIEW
6.2. POLYESTER POLYOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYESTER POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ALIPHATIC
7.3.1. Overview
7.3.2. Aliphatic Market Forecast and Analysis
7.4. AROMATIC
7.4.1. Overview
7.4.2. Aromatic Market Forecast and Analysis
8. POLYESTER POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PANELS AND BOARDS
8.3.1. Overview
8.3.2. Panels and Boards Market Forecast and Analysis
8.4. FLEXIBLE FOAM
8.4.1. Overview
8.4.2. Flexible Foam Market Forecast and Analysis
8.5. SPRAY FOAM
8.5.1. Overview
8.5.2. Spray Foam Market Forecast and Analysis
8.6. COATINGS, ADHESIVES AND SEALANTS
8.6.1. Overview
8.6.2. Coatings, Adhesives and Sealants Market Forecast and Analysis
8.7. ELASTOMERS
8.7.1. Overview
8.7.2. Elastomers Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. POLYESTER POLYOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyester Polyols Market Overview
9.1.2 North America Polyester Polyols Market Forecasts and Analysis
9.1.3 North America Polyester Polyols Market Forecasts and Analysis - By Product Type
9.1.4 North America Polyester Polyols Market Forecasts and Analysis - By Application
9.1.5 North America Polyester Polyols Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Polyester Polyols Market
9.1.5.1.1 Canada Polyester Polyols Market by Product Type
9.1.5.1.2 Canada Polyester Polyols Market by Application
9.1.5.2 Mexico Polyester Polyols Market
9.1.5.2.1 Mexico Polyester Polyols Market by Product Type
9.1.5.2.2 Mexico Polyester Polyols Market by Application
9.1.5.3 US Polyester Polyols Market
9.1.5.3.1 US Polyester Polyols Market by Product Type
9.1.5.3.2 US Polyester Polyols Market by Application
9.2. EUROPE
9.2.1 Europe Polyester Polyols Market Overview
9.2.2 Europe Polyester Polyols Market Forecasts and Analysis
9.2.3 Europe Polyester Polyols Market Forecasts and Analysis - By Product Type
9.2.4 Europe Polyester Polyols Market Forecasts and Analysis - By Application
9.2.5 Europe Polyester Polyols Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyester Polyols Market
9.2.5.1.1 Germany Polyester Polyols Market by Product Type
9.2.5.1.2 Germany Polyester Polyols Market by Application
9.2.5.2 France Polyester Polyols Market
9.2.5.2.1 France Polyester Polyols Market by Product Type
9.2.5.2.2 France Polyester Polyols Market by Application
9.2.5.3 Italy Polyester Polyols Market
9.2.5.3.1 Italy Polyester Polyols Market by Product Type
9.2.5.3.2 Italy Polyester Polyols Market by Application
9.2.5.4 United Kingdom Polyester Polyols Market
9.2.5.4.1 United Kingdom Polyester Polyols Market by Product Type
9.2.5.4.2 United Kingdom Polyester Polyols Market by Application
9.2.5.5 Russia Polyester Polyols Market
9.2.5.5.1 Russia Polyester Polyols Market by Product Type
9.2.5.5.2 Russia Polyester Polyols Market by Application
9.2.5.6 Rest of Europe Polyester Polyols Market
9.2.5.6.1 Rest of Europe Polyester Polyols Market by Product Type
9.2.5.6.2 Rest of Europe Polyester Polyols Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyester Polyols Market Overview
9.3.2 Asia-Pacific Polyester Polyols Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyester Polyols Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Polyester Polyols Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polyester Polyols Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyester Polyols Market
9.3.5.1.1 Australia Polyester Polyols Market by Product Type
9.3.5.1.2 Australia Polyester Polyols Market by Application
9.3.5.2 China Polyester Polyols Market
9.3.5.2.1 China Polyester Polyols Market by Product Type
9.3.5.2.2 China Polyester Polyols Market by Application
9.3.5.3 India Polyester Polyols Market
9.3.5.3.1 India Polyester Polyols Market by Product Type
9.3.5.3.2 India Polyester Polyols Market by Application
9.3.5.4 Japan Polyester Polyols Market
9.3.5.4.1 Japan Polyester Polyols Market by Product Type
9.3.5.4.2 Japan Polyester Polyols Market by Application
9.3.5.5 South Korea Polyester Polyols Market
9.3.5.5.1 South Korea Polyester Polyols Market by Product Type
9.3.5.5.2 South Korea Polyester Polyols Market by Application
9.3.5.6 Rest of Asia-Pacific Polyester Polyols Market
9.3.5.6.1 Rest of Asia-Pacific Polyester Polyols Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Polyester Polyols Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyester Polyols Market Overview
9.4.2 Middle East and Africa Polyester Polyols Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyester Polyols Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Polyester Polyols Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polyester Polyols Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyester Polyols Market
9.4.5.1.1 South Africa Polyester Polyols Market by Product Type
9.4.5.1.2 South Africa Polyester Polyols Market by Application
9.4.5.2 Saudi Arabia Polyester Polyols Market
9.4.5.2.1 Saudi Arabia Polyester Polyols Market by Product Type
9.4.5.2.2 Saudi Arabia Polyester Polyols Market by Application
9.4.5.3 U.A.E Polyester Polyols Market
9.4.5.3.1 U.A.E Polyester Polyols Market by Product Type
9.4.5.3.2 U.A.E Polyester Polyols Market by Application
9.4.5.4 Rest of Middle East and Africa Polyester Polyols Market
9.4.5.4.1 Rest of Middle East and Africa Polyester Polyols Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Polyester Polyols Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyester Polyols Market Overview
9.5.2 South and Central America Polyester Polyols Market Forecasts and Analysis
9.5.3 South and Central America Polyester Polyols Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Polyester Polyols Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polyester Polyols Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyester Polyols Market
9.5.5.1.1 Brazil Polyester Polyols Market by Product Type
9.5.5.1.2 Brazil Polyester Polyols Market by Application
9.5.5.2 Argentina Polyester Polyols Market
9.5.5.2.1 Argentina Polyester Polyols Market by Product Type
9.5.5.2.2 Argentina Polyester Polyols Market by Application
9.5.5.3 Rest of South and Central America Polyester Polyols Market
9.5.5.3.1 Rest of South and Central America Polyester Polyols Market by Product Type
9.5.5.3.2 Rest of South and Central America Polyester Polyols Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POLYESTER POLYOLS MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KANSAI PAINT CO. LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUMITOMO BAKELITE CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COVESTRO AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THE DOW CHEMICAL COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PURINOVA LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HUNTSMAN CORP.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DIC CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KURARAY CO. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STEPAN COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BASF SE
2. Kansai Paint Co. Ltd.
3. Sumitomo Bakelite Co. Ltd.
4. Covestro AG
5. The Dow Chemical Company
6. Purinova LLC
7. Huntsman Corp.
8. DIC Corporation
9. Kuraray Co. Ltd.
10. Stepan Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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