Polyols market size to grow by USD 8.66 billion between 2022 and 2027; Arkema Group, Arpadis Group, among others, identified as key vendors - Technavio

NEW YORK, April 17, 2023 /PRNewswire/ -- The polyols market size is set to grow by USD 8.66 billion during 2022-2027, progressing at a CAGR of 5.44% during the forecast period, according to Technavio Research. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Learn more insights on CAGR and YOY growth rate along with vendor analysis and much more, Download a Sample Report 

The increasing demand for polyols in the automotive and construction industries, rising demand for adhesives and sealants, and increasing use of polyurethane insulation in refrigerators and freezers will offer immense growth opportunities. However, stringent government regulations are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this polyols market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Frequently Asked Questions:

• Based on segmentation by application, which is the leading segment in the market?
  The flexible polyurethane foams segment will lead the market growth during the forecast period.
   
• What are the major trends in the market?
  The use of alternative blowing agents is identified as the key trend in the market.
   
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of 5.44% during the forecast period.
   
• Who are the top players in the market?
  Arkema Group, Arpadis Group, BASF SE, COIM Spa, Covestro AG, DIC Corp., Dow Inc., Evonik Industries AG, Koch Industries Inc., Lanxess AG, Mitsui Chemicals Inc., N Shashikant and Co., POLYOLS and POLYMERS PVT. LTD., Repsol SA, Stepan Co., Thermo Fisher Scientific Inc., Vertellus Holdings LLC, Wanhua Chemical Group Co. Ltd., Huntsman International LLC, and Shell plc are the top players in the market.
   
• What are the key market drivers and challenges?
  The market is driven by the increasing demand for polyols in the automotive and construction industries. However, stringent government regulations will challenge the growth of the market.
   
• How big is the APAC market?
  APAC will account for 40% of the market growth during the forecast period. 

Polyols Market 2023-2027: Segmentation

• Application 
• Flexible Polyurethane Foams
• Rigid Polyurethane Foams
• Coatings, Adhesives, Sealants, and Elastomers
• Type 
• Polyether Polyols
• Polyester Polyols
• Geography 
• APAC
• Europe
• North America
• South America
• Middle East and Africa

The market will witness significant growth in the flexible polyurethane foams segment over the forecast period. Flexible polyurethane foams are environmentally friendly. They are highly recyclable and sustainable materials. The growth in the furniture industry, building and construction, transportation, electronics, and packaging sectors, and economic growth in developing countries has increased the demand for flexible polyurethane foams. The increasing use of flexible polyurethane foams in healthcare equipment, footwear, and personal care products will further drive the growth of the segment.

APAC will account for 40% of the market growth during the forecast period. The construction industry in APAC is thriving with the rise in purchasing power and rapid urbanization. This has increased the number of residential, non-residential, and public infrastructure projects in countries such as China, India, Malaysia, and other developing countries in APAC. In addition, the growth of various end-user industries such as automotive, construction, and furniture will drive the growth of the polyols market in APAC during the forecast period.

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Polyols Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The polyols market report covers the following areas:

• Polyols Market Size
• Polyols Market Trends
• Polyols Market Analysis

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Polyols Market 2023-2027: Vendor Analysis and Scope

The global polyols market is fragmented and highly competitive, with several small and medium-sized players operating in various regions. Most vendors compete based on factors such as formulations, purity, portfolio range, and services. Vendors also compete based on the pricing strategy, which is disrupting the market and intensifying the rivalry among the players. The vendors offer a wide range of polyols products, such as polyether polyols and polyester polyols, for various end-use applications, including coatings, adhesives, sealants, elastomers, flexible polyurethane foams, and rigid polyurethane foams. Some of the key vendors covered in the report include:

• BASF SE - The company offers polyol solutions such as Lupranol.
• Covestro AG - The company offers polyol solutions such as Arcol.
• Dow Inc. - The company offers polyol solutions such as vorapel and voranol.
• Evonik Industries AG - The company offers polyol solutions such as DYNACOLL.
• Arpadis Group
• COIM Spa
• DIC Corp.
• Koch Industries Inc.
• Lanxess AG
• Mitsui Chemicals Inc.
• N Shashikant and Co.
• POLYOLS and POLYMERS PVT. LTD.
• Repsol SA
• Stepan Co.
• Thermo Fisher Scientific Inc.

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Polyols Market 2023-2027: Driver

The market is driven by the increasing demand for polyols in the automotive and construction industries. Polyurethane foams are extensively used in the automobile industry to manufacture various parts such as side skirts, wiper cowls, roll pans, and bumpers. They are also used in seats, headrests, armrests, roof liners, dashboards, and instrument panels of cars. Similarly, polyurethane foams find extensive applications in the construction industry. They are used as insulation to provide weather resistance. They are also used to cover irregular, hard-to-insulate shapes and fill gaps. Thus, with the rising demand for housing, hospitality, flooring material, and furnishing, the market size will increase during the forecast period.

Polyols Market 2023-2027: Challenge

Stringent government regulations are identified as the major challenge hindering the growth of the market. Polyols are widely used in applications such as polyurethane foam, coatings, adhesives, and elastomers. However, the production of polyols is associated with several environmental and health concerns. Hence, governments are introducing regulations to reduce the negative environmental impact caused by polyols. The Restriction of Hazardous Substances (RoHS) directive is one of the major regulatory challenges faced by vendors in the market. The directive restricts the use of lead, mercury, and cadmium in the manufacture of electronic and electrical equipment. In addition, the presence of regulations such as the Clean Air Act regulates the emissions of volatile organic compounds (VOCs) from polyol production facilities. The presence of such stringent regulations will hinder the growth of the market.

Polyols Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist polyols market growth during the next five years
• Estimation of the polyols market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the polyols market across APAC, Europe, North America, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyols market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global polyols market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global polyols market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Flexible polyurethane foams - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Flexible polyurethane foams - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Flexible polyurethane foams - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Flexible polyurethane foams - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Flexible polyurethane foams - Year-over-year growth 2022-2027 (%)

• 6.4 Rigid polyurethane foams - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Rigid polyurethane foams - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Rigid polyurethane foams - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Rigid polyurethane foams - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Rigid polyurethane foams - Year-over-year growth 2022-2027 (%)

• 6.5 Coatings, adhesives, sealants, and elastomers - Market size and forecast 2022-2027
• Exhibit 42: Chart on Coatings, adhesives, sealants, and elastomers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Coatings, adhesives, sealants, and elastomers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Coatings, adhesives, sealants, and elastomers - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Coatings, adhesives, sealants, and elastomers - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ billion)
• Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Polyether polyols - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Polyether polyols - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Polyether polyols - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Polyether polyols - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Polyether polyols - Year-over-year growth 2022-2027 (%)

• 7.4 Polyester polyols - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Polyester polyols - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Polyester polyols - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Polyester polyols - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Polyester polyols - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ billion)
• Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Russia - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Arkema Group
• Exhibit 115: Arkema Group - Overview
• Exhibit 116: Arkema Group - Business segments
• Exhibit 117: Arkema Group - Key news
• Exhibit 118: Arkema Group - Key offerings
• Exhibit 119: Arkema Group - Segment focus

• 12.4 BASF SE
• Exhibit 120: BASF SE - Overview
• Exhibit 121: BASF SE - Business segments
• Exhibit 122: BASF SE - Key news
• Exhibit 123: BASF SE - Key offerings
• Exhibit 124: BASF SE - Segment focus

• 12.5 Covestro AG
• Exhibit 125: Covestro AG - Overview
• Exhibit 126: Covestro AG - Business segments
• Exhibit 127: Covestro AG - Key news
• Exhibit 128: Covestro AG - Key offerings
• Exhibit 129: Covestro AG - Segment focus

• 12.6 Dow Inc.
• Exhibit 130: Dow Inc. - Overview
• Exhibit 131: Dow Inc. - Business segments
• Exhibit 132: Dow Inc. - Key news
• Exhibit 133: Dow Inc. - Key offerings
• Exhibit 134: Dow Inc. - Segment focus

• 12.7 Evonik Industries AG
• Exhibit 135: Evonik Industries AG - Overview
• Exhibit 136: Evonik Industries AG - Business segments
• Exhibit 137: Evonik Industries AG - Key news
• Exhibit 138: Evonik Industries AG - Key offerings
• Exhibit 139: Evonik Industries AG - Segment focus

• 12.8 Huntsman International LLC 
• Exhibit 140: Huntsman International LLC - Overview
• Exhibit 141: Huntsman International LLC - Business segments
• Exhibit 142: Huntsman International LLC - Key news
• Exhibit 143: Huntsman International LLC - Key offerings
• Exhibit 144: Huntsman International LLC - Segment focus

• 12.9 Koch Industries Inc.
• Exhibit 145: Koch Industries Inc. - Overview
• Exhibit 146: Koch Industries Inc. - Product / Service
• Exhibit 147: Koch Industries Inc. - Key news
• Exhibit 148: Koch Industries Inc. - Key offerings

• 12.10 Lanxess AG
• Exhibit 149: Lanxess AG - Overview
• Exhibit 150: Lanxess AG - Business segments
• Exhibit 151: Lanxess AG - Key offerings
• Exhibit 152: Lanxess AG - Segment focus

• 12.11 Mitsui Chemicals Inc. 
• Exhibit 153: Mitsui Chemicals Inc. - Overview
• Exhibit 154: Mitsui Chemicals Inc. - Business segments
• Exhibit 155: Mitsui Chemicals Inc. - Key offerings
• Exhibit 156: Mitsui Chemicals Inc. - Segment focus

• 12.12 Repsol SA
• Exhibit 157: Repsol SA - Overview
• Exhibit 158: Repsol SA - Product / Service
• Exhibit 159: Repsol SA - Key offerings

• 12.13 Shell plc
• Exhibit 160: Shell plc - Overview
• Exhibit 161: Shell plc - Business segments
• Exhibit 162: Shell plc - Key offerings
• Exhibit 163: Shell plc - Segment focus

• 12.14 Stepan Co.
• Exhibit 164: Stepan Co. - Overview
• Exhibit 165: Stepan Co. - Business segments
• Exhibit 166: Stepan Co. - Key offerings
• Exhibit 167: Stepan Co. - Segment focus

• 12.15 Thermo Fisher Scientific Inc. 
• Exhibit 168: Thermo Fisher Scientific Inc. - Overview
• Exhibit 169: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 170: Thermo Fisher Scientific Inc. - Key news
• Exhibit 171: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 172: Thermo Fisher Scientific Inc. - Segment focus

• 12.16 Vertellus Holdings LLC 
• Exhibit 173: Vertellus Holdings LLC - Overview
• Exhibit 174: Vertellus Holdings LLC - Product / Service
• Exhibit 175: Vertellus Holdings LLC - Key offerings

• 12.17 Wanhua Chemical Group Co. Ltd. 
• Exhibit 176: Wanhua Chemical Group Co. Ltd. - Overview
• Exhibit 177: Wanhua Chemical Group Co. Ltd. - Product / Service
• Exhibit 178: Wanhua Chemical Group Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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