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Global Polyols Market to reach USD 62.61 billion by the end of 2029

Global Polyols Market Size study&Forecast, by Product (Polyether, Polyester) by Application (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, Others)and Regional Analysis, 2022-2029

Product Code: CMPP-34211902
Publish Date: 20-03-2023
Page: 200

Global Polyols Market is valued at approximately USD 32.6 billion in 2021and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2029. Polyols are organic compounds that act as sugar-free sweeteners. They are also known as sugar alcohols that consist of multiple hydroxyl groups. They are also used in a variety of products including fibres, foam, paints, inks and coatings. Polyol-based polyurethane foams are used for packaging goods of all kinds, theycan be used as flexible or rigid foam. Apart from this, they have wide range of applications namely automotive, furniture, electronics, and building industries. Additionally, the Growing automotive industry and increasing construction activities are driving the market for Polyols.

The growing automotive industries are driving the market for Polyols. Since 1950 the annual production of automotives in India has increased from just 40 thousand to 18 million in 2022. Features of Polyols such as hydrolytic stability and low cost are emerging in the use of Polyols in the automotive industry. The increasing construction activity has also boosted the demand for Polyols. The global construction industry is expected to be twice bigger in 2030 as compared to that in 2022, with a market value of USD 6.4 trillion in 2030. The rigid foam Polyols have high insulation properties arerequired in energy conservation activities in construction and building activities. Polyurethane foams are useful for packaging goods majorly lightweight goods due to theirwide vibration-damping profile. Moreover, the rising demand of bio-based Polyols due to demand for products made from renewable polyurethane and continuous advancements in the market of Polyols is fueling the market demand.However, increasing incidences of environmental issues fromPolyols stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Polyols Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.Asia-Pacific is dominating the market for Polyols with a CAGR of 45.0%. The growing automotive industry in this region is fueling the demand. The increasing consumption of Polyols due to rapid urbanization and growing construction activities is also a key factor in the regional market. Europe is anticipated to be the fastest-growing region over the forecasted period due to the increasing demand forenergy conservation activities. Government is taking several initiatives in this region to support the rising demand forPolyols.
Major market player included in this report are:
Covestro AG
The Dow Chemical Company
Huntsman Corporation
Shell Chemicals
Eastman Chemical Company
Mitsui Chemicals, Inc.
Azelis Americas CASE LLC,
Tosoh Corporation
Recent Developments in the Market:
 In April 2021, Azelis Americas CASE was the new distribution partner of BASF’s polyurethane catalyst portfolio. BASF is a leading producer of Amines globally and this collaboration will help Azelis Americas to grow with BASF offering a variety of tailored solutions.
 In September 2021, Mitsui chemicals and SKC Co. Ltd. terminated their partnership due to increasing difficulties and different goal sets. Mitsui’s increased earnings due to high-performance products and SKC’s policy to quickly expand the market raised discrepancies and termination of the venture.
Global Polyols Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
By Application:
Rigid Foam
Flexible Foam
Adhesives & Sealants
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Polyols Market, by Region, 2019-2029 (USD Billion)
1.2.2. Polyols Market, by Product,2019-2029 (USD Billion)
1.2.3. Polyols Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polyols Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polyols Market Dynamics
3.1. Polyols Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing Automotive Industry. Increasing Construction activities.
3.1.2. Market Challenges Increasing incidences of environmental issues.
3.1.3. Market Opportunities Advancements in Formulation Rising demand for Bio-Polyols.
Chapter 4. Global Polyols Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Polyols Market, by Product
6.1. Market Snapshot
6.2. Global Polyols Market by Product, Performance – Potential Analysis
6.3. Global Polyols Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Polyols Market, Sub Segment Analysis
6.4.1. Polyether
6.4.2. Polyester
Chapter 7. Global Polyols Market, by Application
7.1. Market Snapshot
7.2. Global Polyols Market by Application, Performance – Potential Analysis
7.3. Global Polyols Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Polyols Market, Sub Segment Analysis
7.4.1. Rigid Foam
7.4.2. Flexible Foam
7.4.3. Coatings
7.4.4. Adhesives & Sealants
7.4.5. Elastomers
7.4.6. Others
Chapter 8. Global Polyols Market, Regional Analysis
8.1. Polyols Market, Regional Market Snapshot
8.2. North America Polyols Market
8.2.1. U.S. Polyols Market Product breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Polyols Market
8.3. Europe Polyols Market Snapshot
8.3.1. U.K. Polyols Market
8.3.2. Germany Polyols Market
8.3.3. France Polyols Market
8.3.4. Spain Polyols Market
8.3.5. Italy Polyols Market
8.3.6. Rest of Europe Polyols Market
8.4. Asia-Pacific Polyols Market Snapshot
8.4.1. China Polyols Market
8.4.2. India Polyols Market
8.4.3. Japan Polyols Market
8.4.4. Australia Polyols Market
8.4.5. South Korea Polyols Market
8.4.6. Rest of Asia Pacific Polyols Market
8.5. Latin America Polyols Market Snapshot
8.5.1. Brazil Polyols Market
8.5.2. Mexico Polyols Market
8.6. Rest of The World Polyols Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Covestro AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. BASF SE
9.2.3. The Dow Chemical Company
9.2.4. Huntsman Corporation
9.2.5. Shell Chemicals
9.2.6. Eastman Chemical Company
9.2.7. Mitsui Chemicals, Inc.
9.2.8. Skc Co.,Ltd.
9.2.9. Azelis Americas CASE LLC,
9.2.10. Tosoh Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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