Global Polyols Market 2024-2028

Global Polyols Market 2024-2028


The polyols market is forecasted to grow by USD 10.08 bn during 2023-2028, accelerating at a CAGR of 5.96% during the forecast period. The report on the polyols market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by escalating demand for polyols in electronics industry, increasing demand for polyols in automotive and construction industries, and increasing use of polyurethane insulation in refrigerators and freezers.

Technavio's polyols market is segmented as below:

By Type
  • Polyether polyols
  • Polyester polyols
By Application
  • Flexible polyurethane foams
  • Rigid polyurethane foams
  • CAS and E
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the growing shift toward flexible polyurethane foams as one of the prime reasons driving the polyols market growth during the next few years. Also, increasing demand for bio-based polyols and integration of digital technologies for process optimization and product development will lead to sizable demand in the market.

The report on the polyols market covers the following areas:
  • Polyols market sizing
  • Polyols market forecast
  • Polyols market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyols market vendors that include Arkema Group, BASF SE, COIM Spa, Covestro AG, DIC Corp., Dow Chemical Co., Evonik Industries AG, Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., N Shashikant and Co., Nippon Shokubai Co. Ltd., Otto Chemie Pvt. Ltd., POLYOLS and POLYMERS PVT. LTD., Shakun Industries, Shell plc, Stepan Co., Thermo Fisher Scientific Inc., Wanhua Chemical Group Co. Ltd., and Repsol SA. Also, the polyols market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global polyols market 2018 - 2022
      • Table Historic Market Size – Data Table on global polyols market 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Polyether polyols - Market size and forecast 2023-2028
      • Table Chart on Polyether polyols - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Polyether polyols - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Polyether polyols - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Polyether polyols - Year-over-year growth 2023-2028 (%)
    • Polyester polyols - Market size and forecast 2023-2028
      • Table Chart on Polyester polyols - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Polyester polyols - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Polyester polyols - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Polyester polyols - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Flexible polyurethane foams - Market size and forecast 2023-2028
      • Table Chart on Flexible polyurethane foams - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Flexible polyurethane foams - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Flexible polyurethane foams - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Flexible polyurethane foams - Year-over-year growth 2023-2028 (%)
    • Rigid polyurethane foams - Market size and forecast 2023-2028
      • Table Chart on Rigid polyurethane foams - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Rigid polyurethane foams - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Rigid polyurethane foams - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Rigid polyurethane foams - Year-over-year growth 2023-2028 (%)
    • CAS and E - Market size and forecast 2023-2028
      • Table Chart on CAS and E - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on CAS and E - Market size and forecast 2023-2028 ($ million)
      • Table Chart on CAS and E - Year-over-year growth 2023-2028 (%)
      • Table Data Table on CAS and E - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Escalating demand for polyols in electronics industry
      • Increasing demand for polyols in automotive and construction industries
      • Increasing use of polyurethane insulation in refrigerators and freezers
    • Market challenges
      • Volatile prices of raw materials of polyols
      • Health hazards caused by spray polyurethane foams
      • Stringent government regulations on polyols
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growing shift toward flexible polyurethane foams
      • Increasing demand for bio-based polyols
      • Integration of digital technologies for process optimization and product development
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Arkema Group
      • Table Arkema Group - Overview
      • Table Arkema Group - Business segments
      • Table Arkema Group - Key news
      • Table Arkema Group - Key offerings
      • Table Arkema Group - Segment focus
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • COIM Spa
      • Table COIM Spa - Overview
      • Table COIM Spa - Product / Service
      • Table COIM Spa - Key news
      • Table COIM Spa - Key offerings
    • Covestro AG
      • Table Covestro AG - Overview
      • Table Covestro AG - Business segments
      • Table Covestro AG - Key news
      • Table Covestro AG - Key offerings
      • Table Covestro AG - Segment focus
    • DIC Corp.
      • Table DIC Corp. - Overview
      • Table DIC Corp. - Business segments
      • Table DIC Corp. - Key news
      • Table DIC Corp. - Key offerings
      • Table DIC Corp. - Segment focus
    • Dow Chemical Co.
      • Table Dow Chemical Co. - Overview
      • Table Dow Chemical Co. - Business segments
      • Table Dow Chemical Co. - Key news
      • Table Dow Chemical Co. - Key offerings
      • Table Dow Chemical Co. - Segment focus
    • Evonik Industries AG
      • Table Evonik Industries AG - Overview
      • Table Evonik Industries AG - Business segments
      • Table Evonik Industries AG - Key news
      • Table Evonik Industries AG - Key offerings
      • Table Evonik Industries AG - Segment focus
    • Huntsman International LLC
      • Table Huntsman International LLC - Overview
      • Table Huntsman International LLC - Business segments
      • Table Huntsman International LLC - Key news
      • Table Huntsman International LLC - Key offerings
      • Table Huntsman International LLC - Segment focus
    • Lanxess AG
      • Table Lanxess AG - Overview
      • Table Lanxess AG - Business segments
      • Table Lanxess AG - Key news
      • Table Lanxess AG - Key offerings
      • Table Lanxess AG - Segment focus
    • Mitsui Chemicals Inc.
      • Table Mitsui Chemicals Inc. - Overview
      • Table Mitsui Chemicals Inc. - Business segments
      • Table Mitsui Chemicals Inc. - Key offerings
      • Table Mitsui Chemicals Inc. - Segment focus
    • N Shashikant and Co.
      • Table N Shashikant and Co. - Overview
      • Table N Shashikant and Co. - Product / Service
      • Table N Shashikant and Co. - Key offerings
    • POLYOLS and POLYMERS PVT. LTD.
      • Table POLYOLS and POLYMERS PVT. LTD. - Overview
      • Table POLYOLS and POLYMERS PVT. LTD. - Product / Service
      • Table POLYOLS and POLYMERS PVT. LTD. - Key offerings
    • Repsol SA
      • Table Repsol SA - Overview
      • Table Repsol SA - Business segments
      • Table Repsol SA - Key offerings
      • Table Repsol SA - Segment focus
    • Shell plc
      • Table Shell plc - Overview
      • Table Shell plc - Business segments
      • Table Shell plc - Key news
      • Table Shell plc - Key offerings
      • Table Shell plc - Segment focus
    • Stepan Co.
      • Table Stepan Co. - Overview
      • Table Stepan Co. - Business segments
      • Table Stepan Co. - Key offerings
      • Table Stepan Co. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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