Polyols Market 2018 Size, Industry Analysis, Overview and Manufacturers by BASF SE, Covestro AG, Stepan Company, Royal Dutch Shell PLC, DowDuPont, Inc., Mitsui Chemicals, Inc., China National Bluestar (Group) Co, Ltd., Vertellus Holdings LLC, INVISTA B.V.

Market Highlights:

The Polyols Market report presents the competitive scenario of the major market players based on the customer demands, company profile, sales revenue, the business tactics used in glass bonding adhesives market which will help the emerging market segments in making vital business decisions. The study focuses on significant factors relevant to industry participants such as raw materials, demand analysis, manufacturing technology, latest advancements, product description, manufacturing capacities and profound business strategies. This research report also analyses the growth, market size, key segments, industry share, and Application, key drivers.

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Top Market Players:

The major players operating in the global polyols market are BASF SE (Germany), Covestro AG (Germany), Stepan Company (U.S.), Royal Dutch Shell PLC (Netherlands), DowDuPont, Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), China National Bluestar (Group) Co, Ltd. (China), Vertellus Holdings LLC (U.K), INVISTA B.V. (U.S.), Expanded Polymer Systems Pvt. Ltd. (India), N Shashikant & Co. (India), POLYOLS & POLYMERS PVT.LTD. (India), and Coim Group (Italy).

A polyol is an organic compound containing multiple hydroxyl groups. Polyol term is encountered in both food and polymer chemistry. Polyols are predominantly used in polymer chemistry to manufacture polyurethanes by reaction with isocyanates, which is largely used to manufacture polyurethane foams coatings, adhesives & sealants, elastomers, and others.

Polyols are broadly categorized into two types namely polyether polyols and polyester polyols. The polyester polyols are produced by polycondensation reactions between diols and dicarboxylic acids. Esterification and transesterification as well as combinations of both reactions are used to make polyester polyols. A polyether polyol is the polymeric reaction product of an organic oxide, mainly propylene oxide or ethylene oxide and an initiator compound containing two or more active hydrogen atoms in the presence of catalyst potassium hydroxide.

Numerous manufacturers are stepping into the production of bio-based polyols from feedstock such as castor, corn, soy, rapeseed, canola, palm, etc. For instance, Vertellus Holdings LLC of Middlesbrough, the U.K started the production of bio-based polyols using castor oil. Additionally, Mitsui Chemicals and SKC Co., Ltd. have made a joint venture to facilitate the operations of the bio-based polyols in the Gujarat state of India at Vithal Castor Polyols Pvt. Ltd. using Indian castor oil from non-edible plants as a main raw material.

Market Segmentation

The global polyols market is segmented by product type, application, end-use industry, and region.

On the basis of the product type, the global polyols market is segmented into polyether polyols, polyester polyols, and others.

On the basis of the application, the global polyols market is segmented into flexible foams, rigid foams, CASE, and others.

On the basis of the end-user industry, the global polyols market is segmented into construction, automotive, furnishing, consumer appliances, footwear, and others.

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Polyurethane foams are extensively used for insulation applications in building & construction, automotive, furnishing, electronics, and packaging industry among other. Flexible and rigid polyurethane foams are the most commonly used foams for insulation and packaging purpose in different end-use industries. The global polyol market is witnessing a significant growth due to rising demand for polyurethane across various end-user industries, such as construction, automotive, furnishing, electronics, footwear, and others.

Growing building & construction industry due to rapid industrialization & urbanization in developing countries and various infrastructural development projects across the globe is expected to drive strong demand for polyurethanes for insulation application. Therefore, it is expected to impact the polyols market over the forecast period positively.

Automotive industry is also likely to showcase a surge in the demand for manufacturing of polyurethane insulation application during the forecast period. Furthermore, rising demand for consumer appliances due to increasing purchasing power is also expected to add to the market growth for insulation and coating applications during the forecast period.

Regional Analysis

The global polyols market is segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

North America and Europe are expected to show a significant demand for polyols during the forecast period. High adoption of insulation technology to boost the building’s energy efficiency is a major contributor to the growth of these markets. Furthermore, automotive and electronics industries are also expected to support the market growth during the forecast period.

The Middle East & Africa is expected to exhibit increasing demand for polyols during the forecast period owing to the growing construction industry on account of ongoing infrastructural projects to flourish tourism industry.

Asia Pacific is expected to be the largest and fastest growing market for polyols during the forecast period. Growing demand for polyurethane from different end-use industries such as building & construction, automobile, electronics, and furnishing industry owing to the growing economies of countries such as China and India are expected to fuel the growth of the global polyols market during the forecast period.

Latin America market is expected to show a moderate growth mainly from the growing construction industry during the forecast period.

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This release was published on openPR.