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:

• This report provides an in-depth analysis of the polyols and polyurethane market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024 –2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the polyols and polyurethane market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, Bayer MaterialScience AG, Chemtura Corporation, COIM, Dow Chemical Company, E.I. du Pont de Nemours & Company (DuPont), Hebei Cangzhou Dahua Group Corporation Ltd., Huntsman Corporation, Kumho Mitsui Chemicals Incorporation, and Mitsui Chemicals Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The polyols and polyurethane market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the polyols and polyurethane market

Detailed Segmentation:

• By Type
  • Polyether Polyols
  • Polyester Polyols
• By Application
  • Flexible Foam
  • Rigid Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Top Companies in the Polyols and Polyurethane Market:
  • BASF SE
  • Bayer MaterialScience AG
  • Chemtura Corporation
  • COIM
  • Dow Chemical Company
  • E. I. du Pont de Nemours & Company (DuPont)
  • Hebei Cangzhou Dahua Group Corporation Ltd.
  • Huntsman Corporation
  • Kumho Mitsui Chemicals Incorporation
  • Mitsui Chemicals Inc.