The Asia Pacific Polyols Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 7,705.3 Kilo Tonnes, showcasing a growth of 5.6% (2019-2022).
Polyols have been utilized in numerous infrastructure development projects funded by government initiatives. They are used as a special component in the food and beverage industry and as a sugar replacement in various products, including confectionery, ice creams, fruit spreads, and yogurt. The consumer goods, electronics, footwear, and packaging industries significantly demand polyols, contributing significantly to the overall market growth. Moreover, these are widely employed in the building and construction industries. The significant increase in population has increased the demand for infrastructure and housing. This is expected to establish a robust market growth opportunity.
Polyether polyols are the predominant product segment in the formulation of PU adhesives. Compared to polyester polyols, polyether polyols offer superior flexibility at low temperatures and are less susceptible to hydrolysis. Additionally, polyether polyols are used to formulate reactive hot melt adhesives. Polyester polyols are extensively used in highly automated and hot-melting adhesive applications, demanding a quick setting time or initial green strengths. In addition, bio-based polyols are expected to be incorporated by major polyol producers in order to reduce reliance on conventional petrochemical-derived polyols and associated risks, such as environmental issues and fluctuating raw material prices.
As per the International Trade Administration, China is the world's largest automotive sector in yearly sales and manufacturing output, with domestic output estimated to exceed 35 million vehicles by 2025. According to information from the Ministry of Industry and Information Technology, approximately 26 million vehicles, including 21.48 million passenger cars, were sold in 2021, an increase of 7.1% from the previous year. Sales of commercial vehicles totaled 4.79 million, a 6.6% decrease from 2020. China's automotive industry has been experiencing rapid growth, leading to an increased demand for automotive seating and interior components. Polyurethane foams made from polyols are used extensively in car seats, dashboards, door panels, and headliners for their comfort, durability, and safety properties. Therefore, the aforementioned factors boost the growth of the market in this region.
The China market dominated the Asia Pacific Polyols Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,317.6 million by 2030. The Japan market is registering a CAGR of 6.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.4% during (2023 - 2030).
Based on End-use, the market is segmented into Building & Construction, Furnishings, Automotive, Packaging, Electronics, and Others. Based on Product, the market is segmented into Polyether, and Polyester. Based on Application, the market is segmented into Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Polyols Market is Predict to reach $58.5 Billion by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Dow Chemical Company, BASF SE, Vertellus, Huntsman Corporation, Lanxess AG, Mitsui Chemicals, Inc., Stepan Company, Koch Industries, Inc. (Invista BV), Tosoh Corporation, and Shell plc.
Scope of the Study
Market Segments Covered in the Report:
By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Building & Construction
- Furnishings
- Automotive
- Packaging
- Electronics
- Others
By Product
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Flexible Foam
- Rigid Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Dow Chemical Company
- BASF SE
- Vertellus
- Huntsman Corporation
- Lanxess AG
- Mitsui Chemicals, Inc.
- Stepan Company
- Koch Industries, Inc. (Invista BV)
- Tosoh Corporation
- Shell plc
TABLE 1 Asia Pacific Polyols Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Polyols Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Building & Construction Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Building & Construction Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Building & Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Building & Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Furnishings Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Furnishings Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Furnishings Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Furnishings Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Packaging Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Packaging Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Electronics Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Electronics Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Polyols Market by Product, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Polyols Market by Product, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Polyether Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Polyether Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Polyester Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Polyester Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Polyols Market by Application, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Polyols Market by Application, 2023 - 2030, USD Million
TABLE 41 Asia Pacific Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 42 Asia Pacific Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 43 Asia Pacific Flexible Foam Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Flexible Foam Market by Country, 2023 - 2030, USD Million
TABLE 45 Asia Pacific Flexible Foam Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 46 Asia Pacific Flexible Foam Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 47 Asia Pacific Rigid Foam Market by Country, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Rigid Foam Market by Country, 2023 - 2030, USD Million
TABLE 49 Asia Pacific Rigid Foam Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 50 Asia Pacific Rigid Foam Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 51 Asia Pacific Coatings Market by Country, 2019 - 2022, USD Million
TABLE 52 Asia Pacific Coatings Market by Country, 2023 - 2030, USD Million
TABLE 53 Asia Pacific Coatings Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 54 Asia Pacific Coatings Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 55 Asia Pacific Adhesives & Sealants Market by Country, 2019 - 2022, USD Million
TABLE 56 Asia Pacific Adhesives & Sealants Market by Country, 2023 - 2030, USD Million
TABLE 57 Asia Pacific Adhesives & Sealants Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 58 Asia Pacific Adhesives & Sealants Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 59 Asia Pacific Elastomers Market by Country, 2019 - 2022, USD Million
TABLE 60 Asia Pacific Elastomers Market by Country, 2023 - 2030, USD Million
TABLE 61 Asia Pacific Elastomers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 62 Asia Pacific Elastomers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 63 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 64 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 65 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 66 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 67 Asia Pacific Polyols Market by Country, 2019 - 2022, USD Million
TABLE 68 Asia Pacific Polyols Market by Country, 2023 - 2030, USD Million
TABLE 69 Asia Pacific Polyols Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 70 Asia Pacific Polyols Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 71 China Polyols Market, 2019 - 2022, USD Million
TABLE 72 China Polyols Market, 2023 - 2030, USD Million
TABLE 73 China Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 74 China Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 75 China Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 76 China Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 77 China Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 78 China Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 79 China Polyols Market by Product, 2019 - 2022, USD Million
TABLE 80 China Polyols Market by Product, 2023 - 2030, USD Million
TABLE 81 China Polyols Market by Application, 2019 - 2022, USD Million
TABLE 82 China Polyols Market by Application, 2023 - 2030, USD Million
TABLE 83 China Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 China Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Polyols Market, 2019 - 2022, USD Million
TABLE 86 Japan Polyols Market, 2023 - 2030, USD Million
TABLE 87 Japan Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Japan Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 90 Japan Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 91 Japan Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 92 Japan Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 93 Japan Polyols Market by Product, 2019 - 2022, USD Million
TABLE 94 Japan Polyols Market by Product, 2023 - 2030, USD Million
TABLE 95 Japan Polyols Market by Application, 2019 - 2022, USD Million
TABLE 96 Japan Polyols Market by Application, 2023 - 2030, USD Million
TABLE 97 Japan Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 98 Japan Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 99 India Polyols Market, 2019 - 2022, USD Million
TABLE 100 India Polyols Market, 2023 - 2030, USD Million
TABLE 101 India Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 102 India Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 103 India Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 104 India Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 105 India Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 106 India Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 107 India Polyols Market by Product, 2019 - 2022, USD Million
TABLE 108 India Polyols Market by Product, 2023 - 2030, USD Million
TABLE 109 India Polyols Market by Application, 2019 - 2022, USD Million
TABLE 110 India Polyols Market by Application, 2023 - 2030, USD Million
TABLE 111 India Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 India Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 South Korea Polyols Market, 2019 - 2022, USD Million
TABLE 114 South Korea Polyols Market, 2023 - 2030, USD Million
TABLE 115 South Korea Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 116 South Korea Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 117 South Korea Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 118 South Korea Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 119 South Korea Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 120 South Korea Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 121 South Korea Polyols Market by Product, 2019 - 2022, USD Million
TABLE 122 South Korea Polyols Market by Product, 2023 - 2030, USD Million
TABLE 123 South Korea Polyols Market by Application, 2019 - 2022, USD Million
TABLE 124 South Korea Polyols Market by Application, 2023 - 2030, USD Million
TABLE 125 South Korea Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 126 South Korea Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 127 Australia Polyols Market, 2019 - 2022, USD Million
TABLE 128 Australia Polyols Market, 2023 - 2030, USD Million
TABLE 129 Australia Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 130 Australia Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 131 Australia Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 132 Australia Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 133 Australia Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 134 Australia Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 135 Australia Polyols Market by Product, 2019 - 2022, USD Million
TABLE 136 Australia Polyols Market by Product, 2023 - 2030, USD Million
TABLE 137 Australia Polyols Market by Application, 2019 - 2022, USD Million
TABLE 138 Australia Polyols Market by Application, 2023 - 2030, USD Million
TABLE 139 Australia Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 140 Australia Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 141 Malaysia Polyols Market, 2019 - 2022, USD Million
TABLE 142 Malaysia Polyols Market, 2023 - 2030, USD Million
TABLE 143 Malaysia Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 144 Malaysia Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 145 Malaysia Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 146 Malaysia Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 147 Malaysia Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 148 Malaysia Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 149 Malaysia Polyols Market by Product, 2019 - 2022, USD Million
TABLE 150 Malaysia Polyols Market by Product, 2023 - 2030, USD Million
TABLE 151 Malaysia Polyols Market by Application, 2019 - 2022, USD Million
TABLE 152 Malaysia Polyols Market by Application, 2023 - 2030, USD Million
TABLE 153 Malaysia Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 154 Malaysia Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 155 Rest of Asia Pacific Polyols Market, 2019 - 2022, USD Million
TABLE 156 Rest of Asia Pacific Polyols Market, 2023 - 2030, USD Million
TABLE 157 Rest of Asia Pacific Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 158 Rest of Asia Pacific Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 159 Rest of Asia Pacific Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 160 Rest of Asia Pacific Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 161 Rest of Asia Pacific Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 162 Rest of Asia Pacific Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 163 Rest of Asia Pacific Polyols Market by Product, 2019 - 2022, USD Million
TABLE 164 Rest of Asia Pacific Polyols Market by Product, 2023 - 2030, USD Million
TABLE 165 Rest of Asia Pacific Polyols Market by Application, 2019 - 2022, USD Million
TABLE 166 Rest of Asia Pacific Polyols Market by Application, 2023 - 2030, USD Million
TABLE 167 Rest of Asia Pacific Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 168 Rest of Asia Pacific Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 169 Key Information – The Dow Chemical Company
TABLE 170 Key Information – BASF SE
TABLE 171 Key Information – Vertellus
TABLE 172 key Information – Huntsman Corporation
TABLE 173 key Information – Lanxess AG
TABLE 174 Key Information – Mitsui Chemicals, Inc.
TABLE 175 Key Information – Stepan Company
TABLE 176 key Information – Koch Industries, Inc.
TABLE 177 Key Information – Tosoh Corporation
TABLE 178 Key Information – Shell plc
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Polyols Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Polyols Market
FIG 4 Porter’s Five Forces Analysis - Polyols Market
FIG 5 Asia Pacific Polyols Market Share by End-use, 2022
FIG 6 Asia Pacific Polyols Market Share by End-use, 2030
FIG 7 Asia Pacific Polyols Market by End-use, 2019 - 2030, USD Million
FIG 8 Asia Pacific Polyols Market Share by Product, 2022
FIG 9 Asia Pacific Polyols Market Share by Product, 2030
FIG 10 Asia Pacific Polyols Market by Product, 2019 - 2030, USD Million
FIG 11 Asia Pacific Polyols Market Share by Application, 2022
FIG 12 Asia Pacific Polyols Market Share by Application, 2030
FIG 13 Asia Pacific Polyols Market by Application, 2019 - 2030, USD Million
FIG 14 Asia Pacific Polyols Market Share by Country, 2022
FIG 15 Asia Pacific Polyols Market Share by Country, 2030
FIG 16 Asia Pacific Polyols Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: The Dow Chemical Company
FIG 18 SWOT Analysis: BASF SE
FIG 19 Swot Analysis: Vertellus
FIG 20 SWOT Analysis: Huntsman Corporation
FIG 21 SWOT Analysis: Lanxess AG
FIG 22 SWOT Analysis: Mitsui Chemicals, Inc.
FIG 23 SWOT Analysis: Stepan Company
FIG 24 SWOT Analysis: Koch Industries, Inc.
FIG 25 SWOT Analysis: Tosoh Corporation
FIG 26 SWOT Analysis: Shell plc