According to a market report by Lucintel, the future of the polyol market looks promising with opportunities in the polyurethane (flexible & rigid foam), coating, adhesive, sealant, and elastomer markets. The polyol market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing demand from developing regions, for energy efficient buildings, and growing demand from refrigerator and freezer manufacturers.
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In this market, polyether polyols and polyester polyols are the major product type of polyols market. Polyether polyols is the largest product type.
Within the polyol market, polyurethane (flexible and rigid foam), coatings, adhesives, sealants, and elastomers are the major application segments. Flexible polyurethane foam is the largest application segment for polyols.
Asia Pacific will remain the largest market over the forecast period due to growing investment in capacity expansion of the automotive and construction industries in the region.
Royal Dutch Shell plc, Cargill Inc., DowDupont, BASF SE, and Bayer AG are among the major manufacturers of polyols.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the polyol market by product type, application, and region. Lucintel has prepared a comprehensive research report entitled "Polyol Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the polyol market by product type, application, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Polyether Polyols
Polyester Polyols
By Application [$M shipment analysis for 2013 – 2024]:
Polyurethane (Flexible and Rigid Foam)
Coatings
Adhesives
Sealants
Elastomers
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-polyol-market.aspx or helpdesk@lucintel.com.
About Lucintel
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