Polyol Market Size Worth USD 45.17 Billion By 2025 | CAGR: 8.5%

Polyol Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2025

Polyol Market Growth & Trends The global polyol market size is expected to reach USD 45.17 billion by 2025 at an 8.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. There has been a shift in trend from conventional heavy materials such as metals to lightweight, high performance plastics. This has, in turn, driven the use of polyurethane to lower automotive component weight and boost fuel savings. This is likely to have a positive impact on demand for polyols across the globe.

Polyols are witnessing an increase in demand owing to their growing application scope in important end-use industries such as automotive, furniture and bedding, building and construction, pharmaceutical, and packaging. Growth of the automotive market and rising focus on energy-efficient buildings have emerged as major factors driving the polyol market.

In PU adhesive formulation, polyether polyols are the dominant product segment. Polyether polyols offer excellent flexibility at low temperatures and are relatively less sensitive to hydrolysis compared to polyester polyols. Polyether polyols is also utilized to formulate reactive hot melt adhesives. Polyester polyols are widely used in highly automated and hot melt adhesive applications that require fast set time or initial green strengths.

Browse full report with Table of Content (PDF with All Related Graph and Chart) @: https://www.grandviewresearch.com/industry-analysis/polyols-market Further key findings from the report suggest:

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The global polyol market was valued at USD 23.60 billion in 2017 and is projected to ascend at a CAGR of 8.5% over the forecast period

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Development of new products such as bio-based and CO2-based polyols is creating significant growth potential in the global market

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Key companies in this market are backward integrated owing to fluctuations in supply of raw materials. Major polyol producers have in-house raw material production facilities, which provide them with greater control in terms of pricing decisions

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Focus on Green Building Code and German Renewable Energy Act (EEG), coupled with growing awareness regarding energy conservation, is expected to drive demand for polyols in the building and construction industry

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Key market players include Covestro, BASF SE, The Dow Chemical Company, Shell, and Huntsman.

Polyol Market Segmentation Grand View Research has segmented the global polyols market on the basis of product, application, and region: Polyol Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)  Polyether 

Polyester

Polyol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)  Rigid Foam

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Flexible Foam

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Coatings

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Adhesives & Sealants

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Elastomers

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Others

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https://www.grandviewresearch.com/industry-analysis/polyols-market/request/rs1 Polyol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)  North America

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Why Purchase this Report? 

A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.

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The report provides a holistic view of the competitive scenario Polyol Market.

The latest product launches, along with technological changes and developments, are included in the report.

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The data analysis in the report will help you understand the Polyol Market dynamics projected from 2022 - 2030 The Report has a vast data store, so it can accommodate your custom needs as well.

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Highlights Points of the Market: 

The latest information on how the market is evolving to formulate their sales and marketing strategies. This Market report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth.

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The market report covers the key challenges, competitive landscape, and demographic analysis that can help companies get insight into the country-specific variations.

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The analysts also emphasize on the key trends and the future opportunities that can be explored in the region than can help companies in revenue expansion.

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To gain competitive intelligence about leading companies with information about their market share and growth rates.

About Grand View Research Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.