Global Polyols Report By Business Analysis, Industry Types, Demand, Capacity, Applications, Services, Innovations and Forecast 2027
On the
basis of the product type, the global polyols market is segmented into
polyether polyols, polyester polyols, and others. The polyether polyols
accounted for the largest share of the global polyols market in 2017 owing to
its large-scale consumption in flexible and rigid polyurethane foams and is
expected to exhibit a steady demand during the forecast period. However,
superior properties imparted by the polyester polyols such as high tensile
strength, abrasion & wear resistance, as well as solvent & oil
resistance, to the polyurethanes are likely to increase its market demand
during the forecast period.
On the
basis of the application, the global polyols market is segmented into flexible
foams, rigid foams, CASE, and others. The flexible and rigid polyurethane foams
are collectively expected to hold the largest market share is owing to their
strong applications across various end-use industries during the forecast
period.
On the
basis of the end-user industry, the global polyols market is segmented into
construction, automotive, furnishing, consumer appliances, footwear, and
others. The construction industry extensively consumed polyols based polyurethane
foams insulations in 2017 and is expected to continue growing during the
forecast period owing to its growing adoption in developed countries such as
North America and Europe. Moreover, automotive and furnishing industries are
also expected to witness a growth in the demand during the forecast period.
Growing consumer purchasing power is projected to contribute to industrial
growth.
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Regional Analysis
The global
polyols market is spanned across five regions namely Asia Pacific, North
America, Europe, Latin America, and the Middle East and Africa. Asia
Pacific is expected to be the largest and fastest growing market for polyols
during the forecast period, followed by Europe and North America. The Middle
East & Africa is expected to witness an increasing demand for polyols
during the forecast period. Latin America held the least share of the global
polyols market in 2017 and is expected to witness moderate growth during the
forecast period.
Competitive Analysis
Some of the
key players 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 (UK), INVISTA B.V. (U.S.),
Expanded Polymer Systems Pvt. Ltd. (India), N Shashikant & Co.
(India), POLYOLS & POLYMERS PVT.LTD. (India), and Coim Group (Italy).
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