The Latin America, Middle East and Africa Polyols Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,465.6 Kilo Tonnes, showcasing a growth of 6.5% (2023-2030).
The most significant application for polyols is in producing polyurethane foam, used in various products such as furniture, mattresses, automotive interiors, and insulation materials. Polyols are one of the vital raw materials in the manufacture of both flexible and rigid polyurethane foams. Certain polyols like sorbitol, xylitol, and mannitol are used in the food and pharmaceutical industries as sugar substitutes and sweeteners. They have the advantage of being sugar-free and lower in calories. Polyols produce various plastics and resins, including thermoplastic polyurethanes, thermosetting polyurethane resins, and epoxy resins. Polyols like glycerin and propylene glycol are common ingredients in personal care and cosmetic products. They are used as humectants to retain moisture in skin and hair care products. Some polyols serve as important chemical intermediates in synthesizing other chemicals and compounds.
According to the International Trade Administration (ITA), the UAE's construction industry is expected to recover significantly over the next five years, with a value increase of 3.7% and 4.7%. The nation's development program, which concentrates on expanding the infrastructure for industry, transportation, and energy, will be the main growth driver. The UAE government plans to implement several projects as part of the 50 initiatives to attract $149.8 billion in foreign direct investment over the coming nine years and accelerate the UAE's economic development. The UAE construction industry often competes globally, and polyol manufacturers that provide high-quality, innovative, and sustainable materials can benefit from this global industry access.
According to the National Library of Medicine, the medical sector in Saudi Arabia is the third subsidized sector, following the military and educational sectors, with over USD 46 billion in funding in 2019. The pharmaceutical industry is worth USD 8.3 billion. The growth of the pharmaceutical industry in Saudi Arabia has led to an enriched demand for polyols and polyurethane-based materials in various pharmaceutical applications. As the industry continues to expand and diversify its product offerings, polyols will likely play a crucial role in supporting pharmaceutical formulations and drug delivery systems. These factors drive the growth of the market in this region.
The Brazil market dominated the LAMEA Polyols Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,043.6 million by 2030. The Argentina market is showcasing a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Polyols Market is Projected to reach USD 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Polyols Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Polyols Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 6 LAMEA Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 7 LAMEA Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Building & Construction Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Building & Construction Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Building & Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Building & Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Furnishings Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Furnishings Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Furnishings Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Furnishings Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Packaging Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Packaging Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Electronics Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Electronics Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Polyols Market by Product, 2019 - 2022, USD Million
TABLE 34 LAMEA Polyols Market by Product, 2023 - 2030, USD Million
TABLE 35 LAMEA Polyether Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Polyether Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Polyester Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Polyester Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Polyols Market by Application, 2019 - 2022, USD Million
TABLE 40 LAMEA Polyols Market by Application, 2023 - 2030, USD Million
TABLE 41 LAMEA Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 42 LAMEA Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 43 LAMEA Flexible Foam Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA Flexible Foam Market by Country, 2023 - 2030, USD Million
TABLE 45 LAMEA Flexible Foam Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 46 LAMEA Flexible Foam Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 47 LAMEA Rigid Foam Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Rigid Foam Market by Country, 2023 - 2030, USD Million
TABLE 49 LAMEA Rigid Foam Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 50 LAMEA Rigid Foam Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 51 LAMEA Coatings Market by Country, 2019 - 2022, USD Million
TABLE 52 LAMEA Coatings Market by Country, 2023 - 2030, USD Million
TABLE 53 LAMEA Coatings Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 54 LAMEA Coatings Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 55 LAMEA Adhesives & Sealants Market by Country, 2019 - 2022, USD Million
TABLE 56 LAMEA Adhesives & Sealants Market by Country, 2023 - 2030, USD Million
TABLE 57 LAMEA Adhesives & Sealants Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 58 LAMEA Adhesives & Sealants Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 59 LAMEA Elastomers Market by Country, 2019 - 2022, USD Million
TABLE 60 LAMEA Elastomers Market by Country, 2023 - 2030, USD Million
TABLE 61 LAMEA Elastomers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 62 LAMEA Elastomers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 63 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 64 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 65 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 66 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 67 LAMEA Polyols Market by Country, 2019 - 2022, USD Million
TABLE 68 LAMEA Polyols Market by Country, 2023 - 2030, USD Million
TABLE 69 LAMEA Polyols Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 70 LAMEA Polyols Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 71 Brazil Polyols Market, 2019 - 2022, USD Million
TABLE 72 Brazil Polyols Market, 2023 - 2030, USD Million
TABLE 73 Brazil Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 74 Brazil Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 75 Brazil Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 76 Brazil Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 77 Brazil Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 78 Brazil Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 79 Brazil Polyols Market by Product, 2019 - 2022, USD Million
TABLE 80 Brazil Polyols Market by Product, 2023 - 2030, USD Million
TABLE 81 Brazil Polyols Market by Application, 2019 - 2022, USD Million
TABLE 82 Brazil Polyols Market by Application, 2023 - 2030, USD Million
TABLE 83 Brazil Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Brazil Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Argentina Polyols Market, 2019 - 2022, USD Million
TABLE 86 Argentina Polyols Market, 2023 - 2030, USD Million
TABLE 87 Argentina Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Argentina Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Argentina Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 90 Argentina Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 91 Argentina Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 92 Argentina Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 93 Argentina Polyols Market by Product, 2019 - 2022, USD Million
TABLE 94 Argentina Polyols Market by Product, 2023 - 2030, USD Million
TABLE 95 Argentina Polyols Market by Application, 2019 - 2022, USD Million
TABLE 96 Argentina Polyols Market by Application, 2023 - 2030, USD Million
TABLE 97 Argentina Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 98 Argentina Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 99 UAE Polyols Market, 2019 - 2022, USD Million
TABLE 100 UAE Polyols Market, 2023 - 2030, USD Million
TABLE 101 UAE Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 102 UAE Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 103 UAE Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 104 UAE Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 105 UAE Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 106 UAE Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 107 UAE Polyols Market by Product, 2019 - 2022, USD Million
TABLE 108 UAE Polyols Market by Product, 2023 - 2030, USD Million
TABLE 109 UAE Polyols Market by Application, 2019 - 2022, USD Million
TABLE 110 UAE Polyols Market by Application, 2023 - 2030, USD Million
TABLE 111 UAE Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 UAE Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Saudi Arabia Polyols Market, 2019 - 2022, USD Million
TABLE 114 Saudi Arabia Polyols Market, 2023 - 2030, USD Million
TABLE 115 Saudi Arabia Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Saudi Arabia Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Saudi Arabia Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 118 Saudi Arabia Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 119 Saudi Arabia Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 120 Saudi Arabia Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 121 Saudi Arabia Polyols Market by Product, 2019 - 2022, USD Million
TABLE 122 Saudi Arabia Polyols Market by Product, 2023 - 2030, USD Million
TABLE 123 Saudi Arabia Polyols Market by Application, 2019 - 2022, USD Million
TABLE 124 Saudi Arabia Polyols Market by Application, 2023 - 2030, USD Million
TABLE 125 Saudi Arabia Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 126 Saudi Arabia Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 127 South Africa Polyols Market, 2019 - 2022, USD Million
TABLE 128 South Africa Polyols Market, 2023 - 2030, USD Million
TABLE 129 South Africa Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 130 South Africa Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 131 South Africa Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 132 South Africa Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 133 South Africa Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 134 South Africa Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 135 South Africa Polyols Market by Product, 2019 - 2022, USD Million
TABLE 136 South Africa Polyols Market by Product, 2023 - 2030, USD Million
TABLE 137 South Africa Polyols Market by Application, 2019 - 2022, USD Million
TABLE 138 South Africa Polyols Market by Application, 2023 - 2030, USD Million
TABLE 139 South Africa Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 140 South Africa Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 141 Nigeria Polyols Market, 2019 - 2022, USD Million
TABLE 142 Nigeria Polyols Market, 2023 - 2030, USD Million
TABLE 143 Nigeria Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 144 Nigeria Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 145 Nigeria Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 146 Nigeria Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 147 Nigeria Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 148 Nigeria Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 149 Nigeria Polyols Market by Product, 2019 - 2022, USD Million
TABLE 150 Nigeria Polyols Market by Product, 2023 - 2030, USD Million
TABLE 151 Nigeria Polyols Market by Application, 2019 - 2022, USD Million
TABLE 152 Nigeria Polyols Market by Application, 2023 - 2030, USD Million
TABLE 153 Nigeria Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 154 Nigeria Polyols Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 155 Rest of LAMEA Polyols Market, 2019 - 2022, USD Million
TABLE 156 Rest of LAMEA Polyols Market, 2023 - 2030, USD Million
TABLE 157 Rest of LAMEA Polyols Market, 2019 - 2022, Kilo Tonnes
TABLE 158 Rest of LAMEA Polyols Market, 2023 - 2030, Kilo Tonnes
TABLE 159 Rest of LAMEA Polyols Market by End-use, 2019 - 2022, USD Million
TABLE 160 Rest of LAMEA Polyols Market by End-use, 2023 - 2030, USD Million
TABLE 161 Rest of LAMEA Polyols Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 162 Rest of LAMEA Polyols Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 163 Rest of LAMEA Polyols Market by Product, 2019 - 2022, USD Million
TABLE 164 Rest of LAMEA Polyols Market by Product, 2023 - 2030, USD Million
TABLE 165 Rest of LAMEA Polyols Market by Application, 2019 - 2022, USD Million
TABLE 166 Rest of LAMEA Polyols Market by Application, 2023 - 2030, USD Million
TABLE 167 Rest of LAMEA Polyols Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 168 Rest of LAMEA 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 LAMEA 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 LAMEA Polyols Market Share by End-use, 2022
FIG 6 LAMEA Polyols Market Share by End-use, 2030
FIG 7 LAMEA Polyols Market by End-use, 2019 - 2030, USD Million
FIG 8 LAMEA Polyols Market Share by Product, 2022
FIG 9 LAMEA Polyols Market Share by Product, 2030
FIG 10 LAMEA Polyols Market by Product, 2019 - 2030, USD Million
FIG 11 LAMEA Polyols Market Share by Application, 2022
FIG 12 LAMEA Polyols Market Share by Application, 2030
FIG 13 LAMEA Polyols Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Polyols Market Share by Country, 2022
FIG 15 LAMEA Polyols Market Share by Country, 2030
FIG 16 LAMEA 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