Polyols are a type of versatile chemicals that are widely used in various industrial applications. These chemicals are known for their unique physical and chemical properties, which make them an ideal ingredient in the manufacturing of various products such as foams, coatings, adhesives, and resins. The global polyols market size was USD 35.73 Billion in 2022 and is expected to register a revenue CAGR of 7.3% during the forecast period, according to latest analysis by Emergen Research. The polyols market has been growing steadily over the years due to the increasing demand for polyurethane products in several industries such as construction, automotive, furniture, and packaging.

The global polyols market is expected to grow at a significant rate in the coming years. One of the major drivers of this growth is the increasing demand for polyurethane products, which is driven by the rising construction activities in developing countries. Polyurethane products such as foams, coatings, and adhesives are widely used in the construction industry for insulation, flooring, roofing, and sealing applications. Moreover, the growing demand for energy-efficient buildings is expected to boost the demand for polyurethane products, which, in turn, will drive the growth of the polyols market.

Another significant factor driving the growth of the polyols market is the increasing demand for automotive products. Polyurethane foams and coatings are widely used in the automotive industry for interior parts, seats, and insulation. The growing demand for lightweight and fuel-efficient vehicles is expected to boost the demand for polyurethane products, which will drive the growth of the polyols market.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Polyols market include:

Dow Chemical, Shell, BASF SE, Covestro, Huntsman International LLC, XUCHUAN Chemical (Suzhou) Co., Ltd, HuaDa Chemical Group Co., Ltd, Stepan Company, Chemtura Corporation, Solvay

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Polyols market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Polyols Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Polyols Market Segmentation:

• Type Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2032)

  • Polyether Polyols
  • Polyester Polyols

• Application Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2032)

  • Adhesives and Sealants
  • Coatings
  • Elastomers
  • Rigid Foam
  • Flexible Foam

• End-Use Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2032)

  • Construction
  • Packaging
  • Automotive
  • Furniture and Bedding
  • Electronics
  • Others

Polyols Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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