Analyst Perspective
The global polyols market is expected to register a CAGR of 6.0%. Polyols play a significant role in manufacturing polyurethane, a material used in various applications, including construction, automotive, furniture, and others. Polyurethane serves as a replacement for traditional materials like wood, rubber, and metal. An increase in demand for different derivatives of polyols, such as flexible polyurethane foams, elastomers, and coatings, mainly drives the polyols market. Expansion in manufacturing, new product launches, and technological advancements are possible growth opportunities. Alternative products and government regulations on reducing reliance on petroleum-based products are significant challenges for the polyols market.
Market Overview
Polyols are found in various applications, including construction, automotive, electronics, and especially in the production of polyurethane. Polyols are primarily used in polyurethane foams for cushioning, such as furniture, bedding, and car seats. Rigid polyurethane foams are used in the construction industry. Rising efforts for energy conservation are driving demand for rigid foams with high insulation properties, particularly in the building and construction industry. There are different types of polyols used for different purposes. Consumer awareness and preference for eco-friendly products impact the polyols market. Increasing consumer awareness about environmentally friendly products has influenced industries to adopt polyols in response to changing preferences. Ongoing research and development in polyol production methods and formulations further contribute to the growth of the polyols market. The construction industries in various economies show growth opportunities for the polyols market.
Market Drivers
- Increasing demand for polyurethane production
Polyols play a vital role in producing polyurethane, a versatile polymer used in the construction, automotive, and furniture industries. The growth of these end-user industries directly impacts the demand for polyols. The ability to tailor polyurethane formulations to meet specific requirements of industries looking for customized solutions contributing to increased demand.
- Growth in construction and infrastructure sector
The construction sector extensively uses polyurethane foams and insulation materials, a significant driver for the polyols market. Urbanization and infrastructure development contribute to the demand for polyols-based products. In addition, emerging economies, technological advancement versatile applications are also significant factors driving the polyols market.
Market Segmentation
The global polyols market is segmented based on type, application, and end-use. The global polyols market is segmented based on type: polyether, polyester, and others. The polyols market is segmented based on applying flexible polyurethane foams, rigid polyurethane foams, adhesives & sealants, and others. The global polyols market is segmented based on end-use into building & construction, automotive, furniture, electronics, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global polyols market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA) and South & Central America. The polyols market by region is also sub-segmented by respective countries and segments. The polyols market report covers an analysis and forecast of 18 countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the polyols market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the polyols market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the polyols market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the polyols market are anticipated to have lucrative growth opportunities with the increasing demand for polyurethane in the global market.
The report includes key companies' profiles, SWOT analysis, and polyols' market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the polyols market.
- The Dow Chemical Company
- BASF SE
- Covestro AG
- Coim Group
- Mitsui Chemicals
- Expanded polymer systems
- Solvay SA
- Stepan Company
- Vertellus
- Repsol SA
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyols Market - By Type
1.3.2 Polyols Market - By Application
1.3.3 Polyols Market - By End-Use Industry
1.3.4 Polyols Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. POLYOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POLYOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYOLS - GLOBAL MARKET OVERVIEW
6.2. POLYOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYETHER POLYOLS
7.3.1. Overview
7.3.2. Polyether Polyols Market Forecast and Analysis
7.4. POLYESTER POLYOLS
7.4.1. Overview
7.4.2. Polyester Polyols Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FLEXIBLE POLYURETHANE FOAMS
8.3.1. Overview
8.3.2. Flexible Polyurethane Foams Market Forecast and Analysis
8.4. RIGID POLYURETHANE FOAMS
8.4.1. Overview
8.4.2. Rigid Polyurethane Foams Market Forecast and Analysis
8.5. CASE
8.5.1. Overview
8.5.2. CASE Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Building and Construction Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. FURNISHING
9.5.1. Overview
9.5.2. Furnishing Market Forecast and Analysis
9.6. ELECTRONICS
9.6.1. Overview
9.6.2. Electronics Market Forecast and Analysis
9.7. FOOTWEAR
9.7.1. Overview
9.7.2. Footwear Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. POLYOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polyols Market Overview
10.1.2 North America Polyols Market Forecasts and Analysis
10.1.3 North America Polyols Market Forecasts and Analysis - By Type
10.1.4 North America Polyols Market Forecasts and Analysis - By Application
10.1.5 North America Polyols Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Polyols Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polyols Market
10.1.6.1.1 United States Polyols Market by Type
10.1.6.1.2 United States Polyols Market by Application
10.1.6.1.3 United States Polyols Market by End-Use Industry
10.1.6.2 Canada Polyols Market
10.1.6.2.1 Canada Polyols Market by Type
10.1.6.2.2 Canada Polyols Market by Application
10.1.6.2.3 Canada Polyols Market by End-Use Industry
10.1.6.3 Mexico Polyols Market
10.1.6.3.1 Mexico Polyols Market by Type
10.1.6.3.2 Mexico Polyols Market by Application
10.1.6.3.3 Mexico Polyols Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Polyols Market Overview
10.2.2 Europe Polyols Market Forecasts and Analysis
10.2.3 Europe Polyols Market Forecasts and Analysis - By Type
10.2.4 Europe Polyols Market Forecasts and Analysis - By Application
10.2.5 Europe Polyols Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Polyols Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polyols Market
10.2.6.1.1 Germany Polyols Market by Type
10.2.6.1.2 Germany Polyols Market by Application
10.2.6.1.3 Germany Polyols Market by End-Use Industry
10.2.6.2 France Polyols Market
10.2.6.2.1 France Polyols Market by Type
10.2.6.2.2 France Polyols Market by Application
10.2.6.2.3 France Polyols Market by End-Use Industry
10.2.6.3 Italy Polyols Market
10.2.6.3.1 Italy Polyols Market by Type
10.2.6.3.2 Italy Polyols Market by Application
10.2.6.3.3 Italy Polyols Market by End-Use Industry
10.2.6.4 United Kingdom Polyols Market
10.2.6.4.1 United Kingdom Polyols Market by Type
10.2.6.4.2 United Kingdom Polyols Market by Application
10.2.6.4.3 United Kingdom Polyols Market by End-Use Industry
10.2.6.5 Russia Polyols Market
10.2.6.5.1 Russia Polyols Market by Type
10.2.6.5.2 Russia Polyols Market by Application
10.2.6.5.3 Russia Polyols Market by End-Use Industry
10.2.6.6 Rest of Europe Polyols Market
10.2.6.6.1 Rest of Europe Polyols Market by Type
10.2.6.6.2 Rest of Europe Polyols Market by Application
10.2.6.6.3 Rest of Europe Polyols Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polyols Market Overview
10.3.2 Asia-Pacific Polyols Market Forecasts and Analysis
10.3.3 Asia-Pacific Polyols Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Polyols Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Polyols Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Polyols Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polyols Market
10.3.6.1.1 Australia Polyols Market by Type
10.3.6.1.2 Australia Polyols Market by Application
10.3.6.1.3 Australia Polyols Market by End-Use Industry
10.3.6.2 China Polyols Market
10.3.6.2.1 China Polyols Market by Type
10.3.6.2.2 China Polyols Market by Application
10.3.6.2.3 China Polyols Market by End-Use Industry
10.3.6.3 India Polyols Market
10.3.6.3.1 India Polyols Market by Type
10.3.6.3.2 India Polyols Market by Application
10.3.6.3.3 India Polyols Market by End-Use Industry
10.3.6.4 Japan Polyols Market
10.3.6.4.1 Japan Polyols Market by Type
10.3.6.4.2 Japan Polyols Market by Application
10.3.6.4.3 Japan Polyols Market by End-Use Industry
10.3.6.5 South Korea Polyols Market
10.3.6.5.1 South Korea Polyols Market by Type
10.3.6.5.2 South Korea Polyols Market by Application
10.3.6.5.3 South Korea Polyols Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Polyols Market
10.3.6.6.1 Rest of Asia-Pacific Polyols Market by Type
10.3.6.6.2 Rest of Asia-Pacific Polyols Market by Application
10.3.6.6.3 Rest of Asia-Pacific Polyols Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polyols Market Overview
10.4.2 Middle East and Africa Polyols Market Forecasts and Analysis
10.4.3 Middle East and Africa Polyols Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Polyols Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Polyols Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Polyols Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polyols Market
10.4.6.1.1 South Africa Polyols Market by Type
10.4.6.1.2 South Africa Polyols Market by Application
10.4.6.1.3 South Africa Polyols Market by End-Use Industry
10.4.6.2 Saudi Arabia Polyols Market
10.4.6.2.1 Saudi Arabia Polyols Market by Type
10.4.6.2.2 Saudi Arabia Polyols Market by Application
10.4.6.2.3 Saudi Arabia Polyols Market by End-Use Industry
10.4.6.3 U.A.E Polyols Market
10.4.6.3.1 U.A.E Polyols Market by Type
10.4.6.3.2 U.A.E Polyols Market by Application
10.4.6.3.3 U.A.E Polyols Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Polyols Market
10.4.6.4.1 Rest of Middle East and Africa Polyols Market by Type
10.4.6.4.2 Rest of Middle East and Africa Polyols Market by Application
10.4.6.4.3 Rest of Middle East and Africa Polyols Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polyols Market Overview
10.5.2 South and Central America Polyols Market Forecasts and Analysis
10.5.3 South and Central America Polyols Market Forecasts and Analysis - By Type
10.5.4 South and Central America Polyols Market Forecasts and Analysis - By Application
10.5.5 South and Central America Polyols Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Polyols Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polyols Market
10.5.6.1.1 Brazil Polyols Market by Type
10.5.6.1.2 Brazil Polyols Market by Application
10.5.6.1.3 Brazil Polyols Market by End-Use Industry
10.5.6.2 Argentina Polyols Market
10.5.6.2.1 Argentina Polyols Market by Type
10.5.6.2.2 Argentina Polyols Market by Application
10.5.6.2.3 Argentina Polyols Market by End-Use Industry
10.5.6.3 Rest of South and Central America Polyols Market
10.5.6.3.1 Rest of South and Central America Polyols Market by Type
10.5.6.3.2 Rest of South and Central America Polyols Market by Application
10.5.6.3.3 Rest of South and Central America Polyols Market by End-Use Industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. POLYOLS MARKET, KEY COMPANY PROFILES
12.1. BASF SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COIM GROUP
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COVESTRO AG
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. EXPANDED POLYMER SYSTEMS PVT. LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. INVISTA (KOCH INDUSTRIES, INC.)
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MITSUI CHEMICALS, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. POLYOLS AND POLYMERS PVT.LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ROYAL DUTCH SHELL PLC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. STEPAN COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VERTELLUS HOLDINGS LLC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- BASF SE
- Coim Group
- Covestro AG
- Expanded Polymer Systems Pvt. Ltd.
- INVISTA (Koch Industries, Inc.)
- Mitsui Chemicals, Inc.
- Polyols & Polymers Pvt.Ltd.
- Royal Dutch Shell plc
- Stepan Company
- Vertellus Holdings LLC
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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