Polyols Market Report 2022 | Trends, Demand, Growth and Forecast 2027

According to the latest report by IMARC Group “Polyols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global polyols market size reached US$ 25.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.

Polyols, or sugar alcohols, are a group of organic compounds that are utilized in both the food processing and polymer industries. In the food and beverage industry, they are added to food products to improve their shelf-life and stability by retaining moisture and preventing crystallization. They also consist of a cluster of versatile carbohydrates, which have a similar texture and taste to that of table sugar. They are used as a sugar replacement in low-calorie and sugar-free products, such as candy, chewing gum, ice-cream, yogurt and fruit spread. In the polymer industry, they are utilized to manufacture polyurethane foams, coatings, adhesives, sealants and elastomers.

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Market Trends:

The global polyols market is driven by the thriving construction industry. Owing to rapid urbanization and industrialization, there is an increase in the number of construction projects across the globe. This has resulted in growing product demand for polyol-based building materials, such as exterior panels, housing electronics and insulation protective components. Furthermore, the automotive sector is increasingly utilizing polyurethane foams, a polyol derivative, to produce comfortable seating, headrests, armrests and ventilating headliners. Other factors, including the development of bio-based polyols from renewable resources to reduce carbon emissions and the growing demand for processed foods, are projected to drive the market further.

Breakup by Type:

• Polyether Polyols
• Polyester Polyols

Breakup by Application:

• Flexible Polyurethane Foams
• Rigid Polyurethane Foams
• CASE (Coatings, Adhesives, Sealants & Elastomers) 
• Others

Breakup by Industry:

• Carpet Backing
• Packaging
• Furniture
• Automotive
• Building & Construction
• Electronics
• Footwear
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• BASF SE
• Royal Dutch Shell Plc
• Mitsui Chemicals
• Covestro AG
• The Dow Chemical Company
• Wanhua Chemical Group
• Huntsman Corporation
• LANXESS AG
• Stepan Company
• Repsol SA, etc.

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