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:
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
Development of new products such as bio-based and CO2-based polyols is creating significant growth potential in the global market
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
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
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
For
Flexible Foam
Coatings
Adhesives & Sealants
Elastomers
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
Europe
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France
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Japan
Asia Pacific
Latin America o
Brazil
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Middle East & Africa o
Saudi Arabia
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