38% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for polyols in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The increase in the number of residential, non-residential, and public infrastructure projects, particularly in India, China, Malaysia, and other developing countries, will facilitate the polyols market growth in APAC over the forecast period.
The potential growth difference for the polyols market between 2020 and 2025 is USD 15.06 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The increasing demand for polyols in the automotive and construction industries and rising demand for adhesives and sealants are some of the key market drivers. However, factors such as volatile prices of raw materials will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The polyols market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The polyols market report is segmented by Type (polyether polyols and polyester polyols), Application (flexible polyurethane foams, rigid polyurethane foams, and CASE), and Geography (APAC, Europe, North America, South America, and MEA). This market research report entails detailed information on the competitive intelligence, marketing gaps, segmentation, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
View our Free sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
The polyols market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- BASF SE - The company offers polyols under the brand name Lupranol.
- Cargill Inc. - The company offers polyols under the brand name BiOH.
- Covestro AG - The company offers polyols under the brand name Arcol polyether polyols.
- Dow Inc. - The company offers polyols for a wide range of applications such as bedding and seating.
- Huntsman Corp. - The company offers a wide range of polyols under the brand name TEROL polyols.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Polyols Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.36% |
Market growth 2021-2025 |
USD 15.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.52 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 38% |
Key consumer countries |
China, US, Russian Federation, India, Canada, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BASF SE, Cargill Inc., Covestro AG, Dow Inc., Huntsman Corp., LANXESS AG, Mitsui Chemicals Inc., Royal Dutch Shell Plc, Solvay SA, and Stepan Co. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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