Polyols Market Size, Share, Growth Report 2030

Polyols Market: Overview

The global polyols market accounted for USD 26.0 Billion in 2020 and is expected to reach USD 49.3 Billion by 2028, growing at a CAGR of around 8.2% between 2021 and 2028.      

Polyols are organic compounds. It is also known as sugar alcohol. Partly it contains sugar while the other part is made up of alcohol. They are naturally found in vegetables and fruits; however, also can be manufactured and added to the end product as a sweetener. These sugar alcohols get digested slowly, are low in calories, and are low in glycemic carbohydrates. They provide sweetness without increasing the calorie intake of the user.

COVID-19 Impact Analysis  

The global polyols market has witnessed a slight decline in sales for the short term to the lockdown enforcement introduced by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand. The market would remain bullish in the upcoming year.  The significant decrease in the global Polyols market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

The global polyols market is likely to see noteworthy development majorly due to the requirement from the construction sector in emerging nations. The construction sector in developing nations such as China and India is likely to develop at a noteworthy rate in the near future, towering the polyols market. Government policies and schemes are also likely to power the development of the construction sector, which will indirectly fuel the polyols market. Furthermore, the increasing requirement for insulation goods in North America is also likely to tower the development of the global polyols market in the years to come.

On the other hand, the unpredictability of the costs of raw materials of polyols might hamper the development of the polyols market in the foreseeable future. The launch of green and bio-based polymers is likely to present new avenues to deal with the volatile costing issue for the market players in the polyols market in the years to come. Heavy investment by market players is also set to boost the polyols market.

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Segment Analysis Preview  

Polyether polyols and polyester polyols are the 2 product types in the polyols market. The polyether polyols added up for the biggest share in 2020 in the global polyols market. This can be credited to their extensive employment in the rigid foams sector due to their low molecular weight and tightly cross-connected structure. Furthermore, polyether polyols show abrasion resistance, better resilience, and hydrolytic stability.

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Key Market Players & Competitive Landscape

Some of the major players of the global polyols market include BASF SE, Royal Dutch Shell PLC, Dow Chemicals, Bayer AG, Cargill Incorporated, Invista B.V., COIM S.P.A., Mitsui Chemicals, Inc., Lonza Group, Emery Oleochemicals and Chemtura Corporation amongst others.

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The global polyols market is segmented as follows:

By Products

• Polyester Polyol
• Polyether Polyol

By Applications

• Flexible Foam
• Rigid Foam
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa