The polyol market is projected to reach USD 49.3 billion by 2027, at a CAGR of 6.1%. Polyols are the key raw materials used in the manufacturing of polyurethane products such as flexible foams, rigid foams, and CASE (coatings, adhesives, sealants, and elastomers) applications. These polyurethane foams are used in several end-use industries such as construction, automotive, refrigeration, and other industrial sectors. Therefore, the increasing construction activities, the developing automotive industry and the high demand for furnishing materials are also the driving factors for the polyols market.

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The significant growth of the e-commerce industry and online businesses require good packaging to ensure product safety for which several packaging companies often use pre-blended polyols packaging, for various containers, including corrugated, plastic, and wooden boxes. Polyol-based polyurethane foams are used for packaging goods of all kinds sensitive to shock or vibration. Polyurethane foams are well-suited for packaging lightweight items since they have a wide shock/vibration attenuation profile.

The polyols market comprises major manufacturers such as The Dow Chemical Company (US), Covestro AG (Germany), Shell Chemicals (US), Basf SE (Germany), and Huntsman Corporation (US) were the leading players in polyols market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the polyols market.

This research report categorizes the global polyol market on the basis of Type, Applications, End User Industry, and Region.

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The market has been further analyzed for the key countries in each of these regions.

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What are the major drivers driving the growth of the Polyols Market?

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What is the key opportunity in the Polyols Market?

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