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Polyols Market Projected to reach approximately USD 40.52 Billion by 2028: Reports And Data – Press Releases


Continuous growth of the automotive & chemical industry, and the rising demand for bio-based polyols have resulted in boosting the Polyols market.

Global Polyols Market is forecast to reach USD 40.52 Billion by 2028, according to a new report by Reports and Data. Polyols can be defined as a type of liquid phase synthesis, which uses multivalent alcohols at high temperatures, at the optimum point of its boiling level. The simplest representative in this organic compound is Ethylene glycol (EG). From EG, it continuous up to polyethylene glycol (PEG). It comprises more than 2000 ethylene groups, having a molecular weight of approximately 100,000 g/mol. The compound is usually used for nanostructured material’s synthesis. It can be classified into polyester polyols and polyether polyols. Polyether polyols are most commonly used. It also finds use for flexible applications, which uses raw materials comprising of limited numbers of hydroxyl groups. Thus, a diverse arena of applications of this compound is supporting the growth of the market. It is mentionable here that the growing availability of compounds and chemicals from biomass is opening new opportunities for the development of bio based polyols that can be incorporated in foam formulation. Biomass derived polyols are gaining increasing popularity because of government regulations and legislations that focuses on reducing carbon footprints. In context to region, North America can be seen to occupy a prominent market share. The market share held by this region is resultant of a well-established automotive industry and expanding packaging & transportation sectors.

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Competitive Landscape:

The following are the key industry participants:

BASF SE, The Dow Chemical Company, Huntsman International LLC, Covestro AG, Mitsui Chemicals, Inc., Lanxess AG, Tosoh Corporation, COIM, PCC SE, and Emery Oleochemicals.

Further key findings from the report suggest:

In context to Product Type, the Polyether Polyols segment generated a higher revenue of USD 19.02 Billion in 2018, with a CAGR 4.9% during the forecast period. Its traits like high resiliency, excellent resistance to hydrolytic cleavage, dynamic, and mechanical properties along with low cost, results in the extensive use of Polyether Polyols in manufacturing rigid polyurethane foams that contributes to the revenue generated by this segment.

In context to Resources, the Renewable resources segment generated is projected to witness a faster growth rate of 6.6% during the forecast period, which is expected to occupy 35.0% of the market in 2028. The growth rate witnessed by the Renewable resources segment is attributed to the formulation of stringent government regulations and legislations that focuses on reducing carbon footprints along with the growing availability of compounds and chemicals from biomass, which are opening new avenues and increasing the popularity of polyols based on renewable resources.

In context to End-user, the Construction segment is projected to witness the fastest CAGR of 6.2% during the forecast period, which is expected to occupy 18.5% of the market by 2028. The growth rate witnessed by the Construction segment is attributed to continuous expansion of the construction sector and associated elevated demand for the compound in this sector in various building components like insulation protective materials, and exterior panels, among others.

In context to Application, the Flexible foam segment held the largest market share of 26.0% in 2018, with a CAGR of 5.4% during the forecast period. Extensive application of this type of foam in various industries like the automotive sector, packaging industry results in wide use of the organic compound in this segment and the market share held by it.

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Key Contents of the Global Polyols Market Report:

Market Overview

Research Methodologies

In-depth study of the latest market trends, growth drivers, emerging opportunities, and potential threats and challenges

Demand & supply gap analysis

Detailed market segmentation

Regional and country-wise market segmentation

Market projections in terms of regional and global market revenue growth rate over the forecast period

Company profiling of the key market players and details on their key business strategies and recent developments

Market share analysis of the top companies in the market

Strategic recommendations for new market entrants

A Brief Market Overview:

Revenue growth of the global materials & chemicals industry is majorly driven by factors such as increasing industrial and commercial activities worldwide, growing demand for raw materials and chemicals in various industries including food & beverage, FMCG, manufacturing, healthcare, electronics, buildings & construction, petrochemical, packaging, and textile industries, and rapid adoption of energy-efficient and sustainable materials & chemicals.  Rising focus on reducing carbon emissions, growing demand for biodegradable and eco-friendly products, development of high-performance, lightweight, specialty chemicals and materials, and stringent regulations for use of environmentally safe and sustainable products are among the other major factors creating revenue growth opportunities for global materials & chemicals industry over the forecast period.

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Product Type Outlook

Polyester Polyols

Polyether Polyols

Application Outlook

Flexible foam

Rigid foam

Adhesive & sealants

Coatings

Elastomers

Others

Regional Segmentation:

The following are the leading regions of the global Polyols market:

North America

South America

Europe

Asia Pacific

Middle East & Africa

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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