The Worldwide Polyols Market is Projected to reach USD 58.5 Billion by 2030, at a CAGR of 6.8%

Polyols Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Polyols Market size is expected to reach $58.5 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 15,881.2 Kilo Tonnes, experiencing a growth of 5.4% (2019-2022).

The Furnishings segment is showcasing a CAGR of 6.6% during (2023 - 2030). Polyols are used in the production of flexible molded foam products, such as seat cushions, headrests, armrests, and automotive interior components. These foams are molded into various shapes for ergonomic and aesthetic purposes. In modern furniture design, lightweight and innovative structural components are often achieved using polyols in combination with other materials, allowing for creative and functional design options. Polyols can be incorporated into the adhesive systems used for edgebanding, laminating, and veneering processes in furniture manufacturing. These adhesives help create a seamless and decorative finish.

The Polyether segment is leading the Global Polyols Market by Product in 2022 thereby, achieving a market value of $40.4 billion by 2030. Polyether polyols create rigid polyurethane foams because of their hydrolytic stability, wear and tear resistance, and rebound qualities. Many end-use sectors use them, including those in transportation, building, furniture, and packaging. There is a growing interest in developing bio-based polyether polyols derived from renewable feedstocks as sustainability becomes increasingly important in the polyurethane industry. Bio-based polyols can help reduce the environmental footprint of polyurethane materials.

The Adhesives & Sealants segment has shown the high growth rate of 8.2% during (2023 - 2030). Polyols contribute to strong adhesion properties, allowing these adhesives to bond a wide range of materials, including metals, plastics, glass, and wood. This strength is essential in various industries, such as construction and automotive. Many polyol-based adhesives and sealants exhibit excellent resistance to chemicals, solvents, and corrosive substances. This makes them suitable for applications where exposure to chemicals is a concern. Polyol-based adhesives and sealants often have excellent water resistance. They can maintain their adhesive or sealing properties even when exposed to moisture or submerged in water.

The Asia Pacific region dominated the Global Polyols Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.4 billion by 2030. The North America market is anticipated to grow at a CAGR of 6.5% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 6.5% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/polyols-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Polyols Market Segmentation

By End-use (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Building & Construction
• Furnishings
• Automotive
• Packaging
• Electronics
• Others

By Product

• Polyether
• Polyester

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Flexible Foam
• Rigid Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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

Related Reports:

North America Polyols Market Size, Projection to 2023-2030

• September-2023
• 145 Pages

LAMEA Polyols Market Size, Share & Projection to 2023-2030

• September-2023
• 162 Pages

Europe Polyols Market Size & Share Analysis to 2023-2030

• September-2023
• 162 Pages

Asia Pacific Polyols Market Size, Projection to 2023-2030

• September-2023
• 165 Pages