Polyols Market by Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE)- Global Forecast to 2024
Key Players- BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemicals Group (China), LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), and Repsol SA (Spain).
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The Polyols Market size is estimated to be US$ 26.2 Billion in 2019 and is projected to reach US$ 34.4 Billion by 2024,at a CAGR of 5.6%. This report spread across 122 Pages, Profiling 11 Companies and Supported with 69 Tables and 39 Figures is now available in this research.
Polyether polyols is expected to be the fastest-growing type of polyols between 2019 and 2024. Polyether polyols is the widely used and preferred type of polyol for manufacturing polyurethane foams. The demand for polyether polyols is majorly driven by the increasing consumption of polyurethane foams in industries, such as automotive, construction, and furniture.
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On the Basis of Application, the polyols market is divided into flexible polyurethane foam, rigid polyurethane foam, and CASE applications. Flexible polyurethane foams is expected to be the largest application of polyols during the forecast period. The increasing demand for polyurethane foams in automotive industry is expected to drive the flexible polyurethane foam application.
APAC is projected to be the largest and fastest-growing polyols market during the forecast period, owing to the presence of strong and developing industries, such as construction, automobile, aerospace, furniture, and electronics. The growing polyurethane foam market in the region, owing to factors, such as abundant availability of raw materials at lower costs, high economic growth rate, and lower labor & transportation costs are expected to drive the polyols market. Polyols is used as a major raw material for manufacturing polyurethane foams, which further finds its application in the above-mentioned industries.
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The Study Objectives of this report are:
o To analyze and forecast the market size, on the basis of five key regions, namely, Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America along with their key countries
o To analyze and forecast the polyols market on the basis of type and application
o To define, describe, and forecast the global polyols market size, in terms of value and volume
o To provide detailed information regarding the key drivers, restraints, challenges, and opportunities influencing the market growth
o To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
o To strategically identify and profile the key market players and analyze their core competencies in the market
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