Authored By: Sarah
23 Aug 2022

Polyols Market 2021-2025: Increasing Demand for Polyols in the Automotive and Construction Industries to Boost Growth

The polyols market share is set to post an incremental growth of USD 15.06 billion, and the market will be progressing at a CAGR of 8.36% during the forecast period. The increasing demand for polyols in the automotive and construction industries is anticipated to drive the demand for polyols. Technavio's research report identifies and analyses the growth drivers that will boost the market growth. It also provides a thorough understanding of all the segments, trends, and challenges that are likely to have an impact on the future prospects of the market in focus.


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Polyols Market: Market Drivers

Technavio has identified that the increasing demand for polyols in the automotive and construction industries as one of the key factors that will drive the polyols market size. However, the volatile prices of raw materials may impede polyols market growth.  Technavio's research report provides a comprehensive analysis of all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.

Polyols Market 2021-2025: Increasing Demand for Polyols in the Automotive and Construction Industries to Boost Growth

Polyols Market: Growth Segments

The polyols market is segmented by Type (polyether polyols and polyester polyols), Application (flexible polyurethane foams, rigid polyurethane foams, and CASE), and Geography (APAC, Europe, North America, South America, and MEA).

Based on the market segmentation by type, the polyols market share in the polyether polyols segment will be significant during the forecast period. By geography, 38% of the market's growth will originate from APAC during the forecast period. The increase in the number of residential, non-residential, and public infrastructure projects, particularly in India, China, Malaysia, and other developing countries, will facilitate the polyols market growth in APAC over the forecast period.

Polyols Market: Vendor Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

BASF SE, Cargill Inc., Covestro AG, Dow Inc., Huntsman Corp., LANXESS AG, Mitsui Chemicals Inc., Royal Dutch Shell Plc, Solvay SA, and Stepan Co. are some of the major polyols market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global and regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 8.36%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 15.06 billion.

     
  3. What is a key factor driving this market?
    Increasing demand for polyols in the automotive and construction industries will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    38% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are BASF SE, Cargill Inc., Covestro AG, Dow Inc., Huntsman Corp., LANXESS AG, Mitsui Chemicals Inc., Royal Dutch Shell Plc, Solvay SA, and Stepan Co.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (polyether polyols and polyester polyols), Application (flexible polyurethane foams, rigid polyurethane foams, and CASE), and Geography (APAC, Europe, North America, South America, and MEA).
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