Polyols Market Size, Industry Share, Trends & Forecast, 2032

Polyols Market Insights

Zion Market Research has published a report on the global Polyols Market, estimating its value at USD 24.99 Billion in 2023, with projections indicating that it will reach USD 47.72 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.7% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Polyols Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Polyols Market: Overview

Polyols are organic compounds. It is also known as sugar alcohol. Partly it contains sugar while the other part is made up of alcohol. They are naturally found in vegetables and fruits; however, also can be manufactured and added to the end product as a sweetener. These sugar alcohols get digested slowly, are low in calories, and are low in glycemic carbohydrates. They provide sweetness without increasing the calorie intake of the user.

COVID-19 Impact Analysis

The global polyols market has witnessed a slight decline in sales for the short term due to the lockdown enforcement introduced by governments in order to contain COVID-19 spreading. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand. The market will remain bullish in the upcoming year.  

The significant decrease in the global Polyols market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Polyols Market: Growth Factors

The global polyols market is likely to see noteworthy development majorly due to the requirement from the construction sector in emerging nations. The construction sector in developing nations such as China and India is likely to develop at a noteworthy rate in the near future, towering the polyols market. Government policies and schemes are also likely to power the development of the construction sector, which will indirectly fuel the polyols market. Furthermore, the increasing requirement for insulation goods in North America is also likely to tower the development of the global polyols market in the years to come.

On the other hand, the unpredictability of the costs of raw materials of polyols might hamper the development of the polyols market in the foreseeable future. The launch of green and bio-based polymers is likely to present new avenues to deal with the volatile costing issue for the market players in the polyols market in the years to come. Heavy investment by market players is also set to boost the polyols market.

Polyols Market: Report Scope

Polyols Market: Segment Analysis

Polyether polyols and polyester polyols are the two product types in the polyols market. The polyether polyols added up the biggest share in 2020 in the global polyols market. This can be credited to their extensive employment in the rigid foams sector due to their low molecular weight and tightly cross-connected structure. Furthermore, polyether polyols show abrasion resistance, better resilience, and hydrolytic stability.

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Polyols Market: Regional Analysis

The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Furthermore, these major regions are bifurcated into major countries such as the U.S., Canada, Mexico, Poland, Russia, UK, France, Germany, China, Japan, India, South Korea, ASEAN, Brazil, and Argentina.

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Polyols Market: Competitive Analysis

Some of the major players in the global Polyols market include:

• BASF SE
• Royal Dutch Shell PLC
• Dow Chemicals
• Bayer AG
• Cargill Incorporated
• Invista B.V.
• COIM S.P.A.
• Mitsui Chemicals, Inc.
• Lonza Group
• Emery Oleochemicals
• Chemtura Corporation

The global polyols market is segmented as follows:

By Products

• Polyester Polyol
• Polyether Polyol

By Applications

• Flexible Foam
• Rigid Foam
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa