Press release
Polyols Market 2018 - Global Industry Analysis, Size and Forecast 2023 by BASF SE, Covestro AG, Stepan Company, Royal Dutch Shell PLC, DowDuPont, Mitsui Chemicals, China National Bluestar, Vertellus Holdings LLC, INVISTA B.V. and Coim Group
Asia Pacific is the dominating market for Polyols Market possessing the largest market share
August 05, 2018 – Bharat Petroleum Corporation Ltd (BPCL) Kochi Refinery, India announced its plan to set up a polyol plant at Ambalamugal for INR 9 crore (US$ 1.2 Mn.). BPCL is awaiting an environment clearance from the Centre for an investment of INR 10,000 crore in the petrochemical sector, including Polyols.
May 30, 2018 – Econic Technologies (UK) released its industrial research which demonstrates robust evidence of the increased flame retardance properties of CO2-based polyols in rigid foam applications.
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Polyols Market - Competitive Analysis
The Global Polyols Market appears to be highly competitive and diversified with the presence of many well-established players having the regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.
Global Polyols Market - Segments
The MRFR analysis is segmented into four key dynamics for enhanced understanding;
By Product Types: Polyether Polyols, and Polyester Polyols among others.
By Applications: Flexible Foams, Rigid Foams, and Case among others.
By End-Use Industries: Construction, Automotive, Furnishing, Electronics, and Footwear among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World (RoW).
Key Players:
The Global Polyols Market is led by some of the fervent players including, Covestro AG (Germany), BASF SE (Germany), Stepan Company (US), Royal Dutch Shell PLC (Netherlands), Mitsui Chemicals, Inc. (Japan), DowDuPont, Inc. (US), China National Bluestar (Group) Co, Ltd. (China), INVISTA B.V. (US), Expanded Polymer Systems Pvt. Ltd. (India), Vertellus Holdings LLC (UK), N Shashikant & Co. (India), Coim Group (Italy), and Polyols & Polymers Pvt.Ltd. (India).
Global Polyols Market - Regional Analysis
The Asia Pacific is the dominating market for Polyols possessing the largest market share. Augmenting demand for polyurethane from different end-use industries such as building & construction, automobile, electronics, and furnishing industry backed by the improving economic conditions, is driving the market growth in the region.
Attributing to the exceeding demand from some of the growing sectors like construction, automobiles, and electronics mainly in India and China, the region is expected to witness spurting growth during the forecast period.
The North America market for Polyols is expected to register a notable CAGR from 2017 to 2023, following the APAC market closely. The market is primarily driven by automotive, and electronics industry. Also, the huge demand for Polyols during the forecast period supported by the high adoption of insulation technology to boost the building’s energy efficiency is a major contributor to the growth of the market in the region.
The world’s third largest market for Polyols, Europe is rapidly becoming one of the prominent markets owing to the large utilization of the product in the automotive and construction industry.
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