Polyols Market Global Forecast to 2024 by Product Type, Applications (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), Companies Profile and Regions


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Jan 14, 2021, 09:50 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 14, 2021, 09:50 /Comserve / -- The key companies profiled in this report on the polyols market include BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemicals Group (China)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The polyols market size is estimated to be USD 26.2 billion in 2019 and is projected to reach USD 34.4 billion by 2024, at a CAGR of 5.6%. The increasing consumption of polyurethane foam in the construction and automotive industries is a major factor driving the global polyols demand during the forecast period. Furthermore, the increasing refrigerator and freezer manufacturing in APAC is another factor driving the polyols market. Polyol-based rigid foam is highly used in the domestic and commercial refrigerators owing to its properties, such as confined structure, lightweightedness, and cost-effectiveness. However, the stringent environmental regulatory norms, such as National Emission Standards for Hazardous Air Pollutants (NESHAP), by the United States Environmental Protection Agency, regarding polyurethane foam manufacturing are expected to restrain the market growth during the forecast period.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The key companies profiled in this report on the polyols market include

BASF SE (Germany),
Covestro AG (Germany),
Royal Dutch Shell Plc (Netherlands),
The Dow Chemical Company (US),
Mitsui Chemicals (Japan),
Wanhua Chemicals Group (China),
LANXESS AG (Germany),
Huntsman Corporation (US),
Stepan Company (US), and
Repsol SA (Spain).

“Polyether polyols is the fastest-growing type of polyols.”
Polyether polyols is expected to be the fastest-growing type of polyols between 2019 and 2024. Polyether polyols is the widely used and preferred type of polyol for manufacturing polyurethane foams. The demand for polyether polyols is majorly driven by the increasing consumption of polyurethane foams in industries, such as automotive, construction, and furniture. Polyurethane foams are highly used in the automotive industry due to increasing demand for comfortable seating and attractive interiors.

“Flexible polyurethane foam is largest application of polyols.”
On the basis of application, the polyols market is divided into flexible polyurethane foam, rigid polyurethane foam, and CASE applications. Flexible polyurethane foams is expected to be the largest application of polyols during the forecast period. The increasing demand for polyurethane foams in automotive industry is expected to drive the flexible polyurethane foam application. Flexible polyurethane foams is used in automotive industry for a wide range of applications, such as in seating, head rests, arms rests, heating, and ventilating head liners.

“APAC is the largest as well as the fastest-growing market for polyols.”
APAC is projected to be the largest and fastest-growing polyols market during the forecast period, owing to the presence of strong and developing industries, such as construction, automobile, aerospace, furniture, and electronics. The growing polyurethane foam market in the region, owing to factors, such as abundant availability of raw materials at lower costs, high economic growth rate, and lower labor & transportation costs are expected to drive the polyols market. Polyols is used as a major raw material for manufacturing polyurethane foams, which further finds its application in the above-mentioned industries. The increasing demand for polyurethane foams has further motivated a large number of polyols manufacturers to expand their business in this region.

Extensive primary interviews were conducted in the process of determining and verifying sizes of different types and applications of the polyols market gathered through secondary research.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The breakdown of primary interviews is given below:
• By Company Type: Tier 1 – 45%, Tier 2 – 22%, and Tier 3 – 33%
• By Designation: C-Level Executives – 50%, Director-Level – 25%, and Others – 25%
• By Region: North America – 50%, Europe – 20%, APAC – 20%, and South America – 10%,

Research Coverage
The polyols market has been segmented based on type, application, and region. This report covers the polyols market and forecasts its market size until 2024. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the polyols market. The report also provides insights into the drivers and restraints in the polyols market along with opportunities and challenges. The report also includes profiles of top manufacturers in the polyols market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the polyols market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the polyols market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the polyols market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product developments, expansions, joint ventures, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 POLYOLS MARKET SEGMENTATION 15
1.3.2 REGIONS COVERED 15
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 UNITS CONSIDERED 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.3 DATA TRIANGULATION 24
2.3.1 ASSUMPTIONS FOR THE STUDY 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE POLYOLS MARKET 29
4.2 POLYOLS MARKET, BY REGION 29
4.3 POLYOLS MARKET IN APAC, BY COUNTRY AND APPLICATION (2018) 30
4.4 POLYOLS MARKET, DEVELOPED VS DEVELOPING ECONOMIES 31
5 MARKET OVERVIEW 32

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

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