Scope of the Study
Polyols are alcohol compounds with more than one hydroxyl functional groups. They are widely used in the synthesis of polyurethanes, polyesters, and other polymer compounds. Polyols are also sugar-free sweetener used in the same amount as sugar used in food and beverage products. Further, Owing to the high demand for low-calorie food and changing the lifestyle of consumers with rapid industrialization and urbanization in emerging countries, these factors are driving the Global Polyols market.
The market study is being classified by Type (Polyester Polyols and Polyether Polyols), by Application (Flexible Polyurethane Foams, Rigid Polyurethane Foams, CASE and Others) and major geographies with country level break-up. According to AMA, the Global Polyols market is expected to see growth rate of 9.33%
BASF SE (Germany), Cargill, Incorporated (United States), DowDuPont (United States), LANXESS (Germany), Mitsui Chemicals, Inc. (Japan), Shell International (Netherlands), Covestro AG (Germany), Stepan Company (United States), China National Bluestar (Group) Co, Ltd. (China), Hexion, Inc. (United States), ThyssenKrupp Industrial Solutions (India) and MOL Group (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Royal Dutch Shell PLC (Netherlands), DowDuPont, Inc. (United States), Vertellus Holdings LLC (United Kingdom), INVISTA B.V. (United States), Expanded Polymer Systems Pvt. Ltd. (India), N Shashikant & Co. (India), POLYOLS & POLYMERS PVT.LTD. (India), Coim Group (Italy) and Emery Oleochemicals (Malaysia).
The global polyols market is moderately concentrated. The market is currently in the initial stage of the growth phase and the competition is expected to become less intense by the end of the forecast period. Manufacturers are constantly involved in launching new products, For instance, In 2018 Emery Oleochemicals, launched a high-performance & sustainable EMEROX polyols at foam expo. Its main purpose is to achieve sustainability and performance objectives with bio-based and recycled content polyols during the sustainability track. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Polyols market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Polyols market by Type, Application and Region. On the basis of Type, Polyether Polyols are dominating the market in the year 2018
On the basis of geography, the market of Polyols has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredients, the sub-segment i.e. Isomalt will boost the Polyols market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Polyols in Automotive & Construction Industry & its Expansion
- Rising Efforts for Energy Conservation
- The Inclination of Consumers towards Low-Calorie Food
- Increasing Demand for Textile & Furniture
- Rising Awareness among Manufacturers of Processed Food Products Regarding Advantages of Polyols
- Increasing Price Volatility of Raw Materials used in Polyols
- Stringent Regulatory Approvals
- Production of Carbon dioxide and Bio-based Polyols
- Innovation in Polyurethane Foams
- Growing Popularity of Bio-Based and Synthetic Polyols Is Expected To Face Challenge in the Forecast Period
Market Leaders and their expansionary development strategies
In August 2018, Hexion, Inc. Launched under the Resonance brand name, Hexion’s unique line of polyols combines the best properties of traditional, polyester and polyether polyols which can be used in “drop-in” replacements for the materials in commercial grade polyurethane foam panels. and Features of Resonance P-series & T-series polyols include high aromaticity with a range of functionalities delivering a variety of benefits including improved fire performance, high compression strength, etc.
In September 2018, MOL group has reached an important milestone in its flagship strategic chemical project and entered into an engineering, procurement and construction (EPC) contracts with Thyssenkrupp Industrial Solutions for the implementation of the entire polyether polyol complex .
Key Target AudiencePolyols manufacturers, Traders and Distributors of Polyols, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Government and Regulatory Bodies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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