POLYETHER POLYOLS MARKET ANALYSIS

Polyether Polyols MarketSize and Trends

Market Outlook

Global polyether polyols market size was valued at US$ 2.2 billion in 2018, and is expected to register a CAGR of 6.01% during the forecast period (2019-2027). Increasing demand for polyurethane is expected to support market growth in the near future. Extensive use of polyurethane in various industries such as furniture, packaging, footwear, electronics, building and construction, and transportation is expected to boost the demand for polyether polyols and subsequently drive growth of the market. Moreover, polyurethane foams are used in refrigeration, which is expected to boost the market. Furthermore, growing applications of polyether polyols in the manufacturing of adhesives, lubricants, elastomers, sealants, surface active agents, etc. are expected to accelerate the market growth during the forecast period. Polyether polyols are also used in production of coatings, inks, castings, and deformers, which is expected to boost the market in the near future. Bio-based polyether polyols that are manufactured from natural oil are expected to have ample growth opportunities, owing to availability of huge feedstock.