Polyether Polyols Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027
Market Segmentation:
The Global Polyether Polyols Market has been
segmented by Type, Application, End-Use Industry and Region.
On the Basis of Type, the global market has been divided into rigid, flexible, and
specialty grade. Rigid polyols are manufactured using various starters, which
include sorbitol, ethylenediamine, triethylamine, and their mixtures. Rigid
polyols are short-chain polyethers used in the production of rigid polyurethane
foam. Flexible polyols are widely used to produce flexible polyurethane foam.
The specialty-grade polyols are used in various applications including
adhesives and sealants, inks, and plasticizers.
Based on Application, the Polyether Polyols Market has been categorized into polyurethane foam, adhesives and
sealants, elastomers, plasticizers, coatings, and others. The polyurethane foam
segment accounted for the largest market share in 2018 on account of the
increasing demand in major applications including building equipment,
refrigerators, appliances, and upholstery.
By End-Use Industry, the global market has been segregated into automotive,
construction, furnishing, packaging, electrical and electronics, and others.
The construction segment accounted for the largest market share in 2018 on
account of the increasing use of polyurethane foam as it provides enhanced
insulating properties. The automotive is expected to be the fastest growing
segment on account of increasing use in vehicle interiors to enhance energy
efficiency.
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Competitive Analysis:
Some of the key players operating in the Global
Polyether Polyols Market are Solvay (Belgium), BASF SE (Germany), Huntsman
Corporation (US), Covestro AG (Germany), DowDuPont (US), Repsol (Spain),
Expanded Polymer Systems Pvt. Ltd (India), Cargill, Incorporated (US), Arkema
(France), Shell Chemicals (The Netherlands), Krishna Antioxidants Pvt. Ltd
(India), and AGC Chemicals Americas (US).
Regional Analysis:
The Global Polyether Polyols Market has been
segregated into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa.
Asia-Pacific was the largest market in 2018 due to
the presence of a large number of industries such as automotive, construction,
furnishing, and packaging in developing nations such as India and China. The
growing population has increased the residential construction activities, which
is expected to boost the demand for the product and growth of the regional
market during the review period.
North America is expected to be the prominent market
for Polyether Polyols owing to the surging demand in the automotive industry.
The European market for polyether polyols is expected to witness healthy growth
as a result of the rising demand in major end-use industries such as
automotive, construction, and furnishing. The surging demand for lightweight
and energy-efficient automobiles is expected to positively impact regional market
growth. The markets in Latin America and the Middle East & Africa are
expected to record considerable growth during the review period due to the
expanding end-use industries in the regions.
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