Polyols and polyurethane are increasingly being used in various applications like furniture, insulation, automotive, footwear, packaging, and others. Polyurethane is a polymer prepared from polyols and diisocyanates through co-polymerization. Some key polyols used in its production are polyether polyol and polyester polyol. Polyurethane products offer benefits like durability, flexibility, and insulation, which has resulted in their wide usage. The global polyols and polyurethane market is expected to grow moderately, driven by the recovery of end-use industries from the COVID-19 pandemic and rising construction activities worldwide.
During the forecast period, rising demand for organic personal care products in the U.S is predicted to fuel market expansion. Along with expanding the food and beverage as well as healthcare industries, the rising demand for personal care items is anticipated to fuel the regional growth.
Market Dynamics:
Recovery of end-use industries from COVID-19, increasing construction of residential and commercial buildings worldwide, and growth in automotive production are some of the major factors driving the demand for polyols and polyurethane. Moreover, the rising application of polyurethane foams in the thermal insulation of buildings and pipes is also supporting the market growth. However, fluctuating raw material prices due to supply chain disruptions and availability issues are expected to hamper the market during the forecast period. On the positive side, the development of bio-based polyols using renewable resources can provide new opportunities in the coming years.
Key Features of the Study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on “Polyols and Polyurethane Market” - Global forecast to 2031
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients