Press release
North America Polyols Market to Reach USD 10.66 Billion by 2034, Growing at a 4.2% CAGR"
North America Polyols Market
Report Scope:
The research mainly explores recent progress, generated revenue, market trends, major industry players, growth drivers, and regional evaluations to deliver a comprehensive analysis of the North America polyols market.
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Market Overview:
Polyols are key raw materials used in the production of polyurethane (PU) products like flexible and rigid foams, coatings, adhesives, and sealants. They are essential ingredients in the manufacturing of polyurethane (PU) products. PU products are used in a wide range of applications, including flexible and rigid foams, coatings, adhesives, and sealants. These polyurethane products find applications in construction, automotive, refrigeration, and other industrial sectors. Polyols can be classified by their chemistry, including polyether, polyester, and polycarbonate polyols.
Growth Drivers and Opportunities:
• The increasing emphasis on sustainability and minimizing carbon footprints is fueling market demand.
• Advancements in manufacturing technology are enhancing the efficiency, cost-effectiveness, and customization of polyether and polyester polyols, thus propelling market growth.
• The growth of the automotive sector enhances the development of the polyol market in North America.
• Expansion in the construction sector is increasing the demand for polyol-based solutions, consequently boosting the North America polyols market.
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Key Players in Market:
The polyols market in North America is continuously changing, with many companies aiming to innovate and set themselves apart. A few of them are:
• ADM
• Arkema
• BASF
• Covestro AG
• Dow
• Everchem Specialty Chemicals.
• Honeywell International Inc.
• Huntsman International LLC.
• Mitsui Chemicals, Inc.
• Repsol
• Sanyo Chemical America Incorporated.
• Shell
North America Polyols Market Developments
• August 2024: Cargill introduced three 100% bio-based polyols at FEICA 2024, held from September 11-13 in Noordwijkerhout, Netherlands. These innovations enhance sustainability in adhesives, sealants, and polyurethane (PU) formulations.
• March 2023: Perstorp launched the world's first 100% renewable-based polyols with a negative carbon footprint, featuring Neeture N100 and Evyron T100. These products promote sustainable sourcing and significantly reduce carbon impact across multiple applications.
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Analysis by Country:
• In 2024, the US dominated the North America polyols market share because of the growth of its manufacturing industry.
• Canada is anticipated to capture a significant portion of the polyol market in North America throughout the forecast period because of considerable government funding in the construction industry.
Segmental Overview:
By Product Outlook (Revenue USD Billion, 2020-2034)
• Polyether Polyols
• Polyester Polyols
By Application Outlook (Revenue USD Billion, 2020-2034)
• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others
By Country Outlook (Revenue USD Billion, 2020-2034)
• US
• Canada
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