North America Polyols Market Size, Share & Industry Trends Analysis Report By End-use, By Product, By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers), By Country and Growth Forecast, 2023 - 2030

North America Polyols Market Size, Share & Industry Trends Analysis Report By End-use, By Product, By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers), By Country and Growth Forecast, 2023 - 2030


The North America Polyols Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,547.2 Kilo Tonnes, showcasing a growth of 5.1% (2019-2022).

Polyols are a form of organic compound consisting of carbon atoms covalently bonded to other atoms, such as carbon and hydrogen. They belong to the category of sugar alcohols and can be derived from carbohydrates through either natural or industrial processes. Polyols are utilized in numerous industries, such as food, construction, cosmetics, automotive, and industrial sectors. In the industrial sector, polyols are employed in producing polyurethane foams, which are utilized in various products, including mattresses, furniture, insulating materials, and automobile components.

Increasing efforts to conserve energy drive demand for rigid foams with high insulation properties, especially in the building and construction sectors. This is expected to be an essential sales driver during the forecast period. It is projected that the expansion of the construction industry, particularly in Asia Pacific, to accommodate a swiftly expanding population will increase demand for building supplies such as external panels, insulation protection materials, and housing electronics. Additionally, the growing automotive and packaging industries contribute to market expansion.

According to the International Trade Administration (ITA), the Mexican industry for packaging machinery remains dynamic, with a total market share of USD 567 million in 2021. It continues to develop and diversify alongside the Mexican economy. In 2019, the packaging material production sector accounted for 1.7% of Mexico's GDP, 5.8% of the industrial sector's GDP, and 8.5% of the manufacturing sector's GDP. The growth of the packaging industry in Mexico presents opportunities for the polyols market, especially when it comes to providing eco-friendly and innovative materials that meet the evolving demands of the packaging sector. As sustainability, durability, and performance become increasingly crucial in packaging solutions, polyols will likely play a key role in addressing these requirements. Therefore, the market will grow rapidly in the coming years owing to all these factors.

The US market dominated the North America Polyols Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,623.8 million by 2030. The Canada market is exhibiting a CAGR of 8.9% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.9% during (2023 - 2030).

Based on End-use, the market is segmented into Building & Construction, Furnishings, Automotive, Packaging, Electronics, and Others. Based on Product, the market is segmented into Polyether, and Polyester. Based on Application, the market is segmented into Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Dow Chemical Company, BASF SE, Vertellus, Huntsman Corporation, Lanxess AG, Mitsui Chemicals, Inc., Stepan Company, Koch Industries, Inc. (Invista BV), Tosoh Corporation, and Shell plc.

Scope of the Study

Market Segments covered in the Report:

By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Building & Construction
  • Furnishings
  • Automotive
  • Packaging
  • Electronics
  • Others
By Product
  • Polyether
  • Polyester
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Flexible Foam
  • Rigid Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • The Dow Chemical Company
  • BASF SE
  • Vertellus
  • Huntsman Corporation
  • Lanxess AG
  • Mitsui Chemicals, Inc.
  • Stepan Company
  • Koch Industries, Inc. (Invista BV)
  • Tosoh Corporation
  • Shell plc
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polyols Market, by End-use
1.4.2 North America Polyols Market, by Product
1.4.3 North America Polyols Market, by Application
1.4.4 North America Polyols Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Polyols Market by End-use
4.1 North America Building & Construction Market by Country
4.2 North America Furnishings Market by Country
4.3 North America Automotive Market by Country
4.4 North America Packaging Market by Country
4.5 North America Electronics Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Polyols Market by Product
5.1 North America Polyether Market by Country
5.2 North America Polyester Market by Country
Chapter 6. North America Polyols Market by Application
6.1 North America Flexible Foam Market by Country
6.2 North America Rigid Foam Market by Country
6.3 North America Coatings Market by Country
6.4 North America Adhesives & Sealants Market by Country
6.5 North America Elastomers Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Polyols Market by Country
7.1 US Polyols Market
7.1.1 US Polyols Market by End-use
7.1.2 US Polyols Market by Product
7.1.3 US Polyols Market by Application
7.2 Canada Polyols Market
7.2.1 Canada Polyols Market by End-use
7.2.2 Canada Polyols Market by Product
7.2.3 Canada Polyols Market by Application
7.3 Mexico Polyols Market
7.3.1 Mexico Polyols Market by End-use
7.3.2 Mexico Polyols Market by Product
7.3.3 Mexico Polyols Market by Application
7.4 Rest of North America Polyols Market
7.4.1 Rest of North America Polyols Market by End-use
7.4.2 Rest of North America Polyols Market by Product
7.4.3 Rest of North America Polyols Market by Application
Chapter 8. Company Profiles
8.1 The Dow Chemical Company (Dow Corning Ltd.)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 SWOT Analysis
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Geographical Expansions:
8.2.6 SWOT Analysis
8.3 Vertellus
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.3.3 SWOT Analysis
8.4 Huntsman Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segment and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Lanxess AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Mitsui Chemicals, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Stepan Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Koch Industries, Inc. (Invista BV)
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Tosoh Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. Shell plc
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings