ポリオールの世界市場規模、シェア、動向、予測：タイプ、用途、産業、地域別（2025年～2033年）

世界のポリオールの市場規模は、2024年に295億米ドルとなりました。IMARC Groupは、今後、同市場が2033年までに469億米ドルに達し、2025年～2033年に5.24%のCAGRを示すと予測しています。現在、アジア太平洋が市場を独占しており、2024年には44.3％を超える大きな市場シェアを占めています。この地域市場を牽引している主な要因は、特に建設部門においてエネルギー効率の高い建材に対する需要が高まっていることです。

ポリオール市場の主要促進要因の1つは、特に建設部門におけるエネルギー効率の高い建材への需要の高まりです。ポリオールは、ポリウレタン断熱フォームの主成分として、断熱性の向上、エネルギー消費の削減、持続可能な建設手法のサポートに重要な役割を果たしています。グリーンビルディング認証や省エネルギー基準への注目が高まるにつれ、ポリオールをベースとしたソリューションの普及が進んでいます。さらに、世界の都市化とインフラ開発の動向は、高度な断熱材に対する大きな需要を生み出し、ポリオールが近代的な建設と環境効率の要件を満たすために不可欠なものとして確固たる地位を築いています。例えば2024年、ポリオールの主要サプライヤーであるダウは、5つの製造拠点を含む軟包装用ラミネート接着剤事業をアルケマに1億5,000万米ドルで売却しました。

米国はポリオールの主要市場であり、同国の強力な化学製造基盤、技術革新、持続可能性への欲求の高まりの影響を受けています。米国を拠点とする企業は、様々な産業で急速に高まる持続可能な製品に対する需要に応えるため、従来型およびバイオベースのポリオール開発の主要企業です。その強力な研究開発力により、建築、自動車、家具などの多様な用途に高性能なポリオールを提供しています。さらに、環境コンプライアンスに重点を置くことで、米国はポリオールを生産する環境に優しい拠点として位置づけられています。例えば、2024年、JLR、ダウ・モビリティサイエンス、アディエントは、ポリウレタン・シート・フォームを新しい自動車シートにリサイクルすることにより、シート1枚当たり44kgのCO2排出量を削減し、排出量を半減させるという画期的な成果を達成しました。戦略的な輸出と確立された国内サプライチェーンが、米国のポリオール市場への貢献度を高めています。

ポリオール市場の動向：

バイオベースのポリオールに対する需要の高まり

現在、二酸化炭素排出量と汚染の発生を削減するために、バイオベースのポリオールの生産に注目が集まっています。2024年の世界炭素収支によると、化石燃料使用によるCO2排出量は2024年に0.8％増加し、過去最高の37.4GtCO2に達すると予想されています。これは、昨年記録した前回よりも0.4GtCO2増加したことになります。バイオベースのポリオールは、菜種油などの植物油を原料としています。また、すべてのカルボキシル基を還元する特殊な工程を経て製造され、主要な、特に高品質のポリオールを生み出します。多くの場合、再生可能資源技術を用いて製造されており、優れた性能と高い再生可能成分を提供することで、不要な臭いを除去し、様々な産業の需要に対応するのに役立っています。さらに、各国の行政機関は、再生可能資源の採用を促進し、工業プロセスによる環境への影響を軽減するために、厳しい規制を制定しています。また、バイオベースのポリオールを使用する企業に対して、税額控除、助成金、補助金といった形でインセンティブを与えています。その上、バイオベースポリオールは持続可能性が高く、環境に優しい製品であるため、バイオベースポリオールの需要を押し上げています。バイオベースのポリオールは、石油ベースのポリオールと同等か、それ以上の性能を持っています。ポリウレタンフォーム、コーティング剤、接着剤、エラストマーなどの様々な用途に適した幅広い機能性を提供し、特定の要件に合わせて配合することができます。

包装業界における利用の増加

環境に対する関心の高まりと規制圧力は、需要が日々増加しているため、ポリオールの成長の原動力となっています。McKinseyによると、消費者の60%～70%は持続可能な包装にもっとお金を払う用意があると表明しています。ポリオールは、ポリウレタンフォームやコーティングに幅広く使用されており、非常に柔軟で、長持ちし、耐湿性があります。さらに、ポリオールを使用した包装材は、保管や輸送の際に保護性を高めることで、多くの生鮮食品の保存性を向上させます。ポリウレタン発泡体やポリウレタンコーティングは、取り扱いや輸送中の破損を防ぐ、クッション性の高い衝撃吸収特性を可能にします。また、ポリオールベース材料は、温度変化に対する断熱性を提供することも可能で、食品や医薬品の鮮度や品質の確保に役立ちます。便利で持続可能な包装ソリューションに対する要求の高まりは、製品の完全性と安全性を確保しながら、これらの要求を満たすために、ポリオールをベースとした材料に対する包装業界の関心を高めています。

高度ポリウレタンの開発

高度ポリウレタンは、優れた性能特性を提供するために製造されています。革新的な配合で構成され、各業界の要求に応じて調整することができます。圧縮と引張の両方で高い耐荷重性を発揮します。高度ポリウレタンは、重い荷重がかかると形状が変化することがありますが、荷重が取り除かれた後は、圧縮を最小限に抑えてすぐに元の形状に戻ることができます。また、ポリウレタンは高屈曲用途に使用された場合にも効果的に機能し、効率的な引張特性とともに高い引裂抵抗性を有しています。さらに、製造工程の進歩により、排出量の削減、エネルギー消費量の低減、資源効率の向上を実現したポリウレタンの生産が可能になりました。例えば2024年、BASFはシュトックマイヤーウレタンUSAと提携し、100％国産のバイオマスバランス（BMB）ルプラネートMDIを利用した、遊具表面処理用ポリウレタンバインダーStobielast Sを製造しています。このような環境に優しい特性により、高度ポリウレタンは持続可能なソリューションを求める産業や人々にとって魅力的なものとなっています。高度ポリウレタンは、自己修復性、形状記憶性、抗菌性、センシング機能などの機能性を持つものが増えており、ヘルスケア・エレクトロニクスやテキスタイルなど、さまざまな分野への応用の可能性を広げています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 予測手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界のポリオール市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場内訳：タイプ別
• 市場内訳：用途別
• 市場内訳：産業別
• 市場内訳：地域別
• 市場予測

第6章 市場内訳：タイプ別

• ポリエーテルポリオール
• ポリエステルポリオール

第7章 市場内訳：用途別

• 軟質ポリウレタンフォーム
• 硬質ポリウレタンフォーム
• CASE（コーティング、接着剤、シーラント、エラストマー）
• その他

第8章 市場内訳：産業別

• カーペット裏地
• 包装
• 家具
• 自動車
• 建築・建設
• エレクトロニクス
• 履物
• その他

第9章 市場内訳：地域別

• アジア太平洋
• 欧州
• 北米
• 中東・アフリカ
• ラテンアメリカ

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • 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

List of Figures

• Figure 1: Global: Polyols Market: Major Drivers and Challenges
• Figure 2: Global: Polyols Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Polyols Market: Breakup by Type (in %), 2024
• Figure 4: Global: Polyols Market: Breakup by Application (in %), 2024
• Figure 5: Global: Polyols Market: Breakup by Industry (in %), 2024
• Figure 6: Global: Polyols Market: Breakup by Region (in %), 2024
• Figure 7: Global: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 8: Global: Polyols Industry: SWOT Analysis
• Figure 9: Global: Polyols Industry: Value Chain Analysis
• Figure 10: Global: Polyols Industry: Porter's Five Forces Analysis
• Figure 11: Global: Polyols (Polyether) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 12: Global: Polyols (Polyether) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 13: Global: Polyols (Polyester) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 14: Global: Polyols (Polyester) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 15: Global: Polyols (Flexible Polyurethane Foams) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 16: Global: Polyols (Flexible Polyurethane Foams) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 17: Global: Polyols (Rigid Polyurethane Foams) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 18: Global: Polyols (Rigid Polyurethane Foams) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 19: Global: Polyols (CASE) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 20: Global: Polyols (CASE) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 21: Global: Polyols (Other Applications) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 22: Global: Polyols (Other Applications) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 23: Global: Polyols (Carpet Backing) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 24: Global: Polyols (Carpet Backing) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 25: Global: Polyols (Packaging) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 26: Global: Polyols (Packaging) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 27: Global: Polyols (Furniture) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 28: Global: Polyols (Furniture) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 29: Global: Polyols (Automotive) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 30: Global: Polyols (Automotive) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 31: Global: Polyols (Building & Construction) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 32: Global: Polyols (Building & Construction) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 33: Global: Polyols (Electronics) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 34: Global: Polyols (Electronics) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 35: Global: Polyols (Footwear) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 36: Global: Polyols (Footwear) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 37: Global: Polyols (Other Industries) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 38: Global: Polyols (Other Industries) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 39: Asia Pacific: Polyols Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 40: Asia Pacific: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 41: Europe: Polyols Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 42: Europe: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 43: North America: Polyols Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 44: North America: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 45: Middle East and Africa: Polyols Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 46: Middle East and Africa: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 47: Latin America: Polyols Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 48: Latin America: Polyols Market Forecast: Sales Value (in Billion USD), 2025-2033

List of Tables

• Table 1: Global: Polyols Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Polyols Market Forecast: Breakup by Type (in Billion USD), 2025-2033
• Table 3: Global: Polyols Market Forecast: Breakup by Application (in Billion USD), 2025-2033
• Table 4: Global: Polyols Market Forecast: Breakup by Industry (in Billion USD), 2025-2033
• Table 5: Global: Polyols Market Forecast: Breakup by Region (in Billion USD), 2025-2033
• Table 6: Global: Polyols Market: Competitive Structure
• Table 7: Global: Polyols Market: Key Players

The global polyols market size was valued at USD 29.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 46.9 Billion by 2033, exhibiting a CAGR of 5.24% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 44.3% in 2024. A key factor driving the regional market is the growing demand for energy-efficient building materials, especially within the construction sector.

One of the major drivers of the polyols market is the rising demand for energy-efficient building materials, particularly in the construction sector. Polyols, as key components in polyurethane insulation foams, play a crucial role in enhancing thermal insulation, reducing energy consumption, and supporting sustainable construction practices. The increasing focus on green building certifications and energy-saving standards enhances the uptake of polyols-based solutions. Additionally, the growing trend toward urbanization and infrastructural development worldwide creates significant demand for advanced insulating materials, solidifying polyols as indispensable in meeting modern construction and environmental efficiency requirements. For instance, in 2024, Dow, a leading polyols supplier, sold its flexible packaging laminating adhesives business, including five manufacturing sites, to Arkema for $150 million, encompassing solvent-based, solventless adhesives, and heat seal coatings.

The United States is a key market for polyols, and the market is influenced by the strong chemical manufacturing base in the country, innovation, and the increasing desire for sustainability. U.S.-based companies are major players in the development of conventional and bio-based polyols to meet the fast-growing demand for sustainable products across various industries. Its strong R&D capabilities ensure high-performance polyols for diverse applications in the construction, automotive, and furniture sectors. In addition, a strong focus on environmental compliance has positioned the U.S. as an eco-friendly hub for producing polyols. For instance, in 2024, JLR, Dow MobilityScience, and Adient achieved a breakthrough by recycling polyurethane seat foam into new car seats, reducing CO2 emissions by 44kg per seat, and cutting emissions by half. Strategic exportation and a well-established domestic supply chain add much to the contribution of U.S. to the polyols market in the globe.

Polyols Market Trends:

Rising demand for bio-based polyols

At present, there is a focus on the production of bio-based polyols to reduce the carbon footprint and occurrence of pollution. According to the 2024 global carbon budget, CO2 emissions from fossil fuel use are expected to increase by 0.8% in 2024, reaching a record 37.4GtCO2. This marks an increase of 0.4GtCO2 over the previous record set last year. Bio-based polyols are sourced from plant oils, such as rapeseed oil. They are also manufactured by following a special process where a reduction of all carboxyl groups creates primary and particularly high-quality polyols. They are often manufactured using renewable resource technologies, helping to eliminate unwanted odors and address the demands of various industries by providing excellent performance and high levels of renewable content. In addition, governing agencies of various countries are enacting stringent regulations to help promote the adoption of renewable resources and reduce the environmental impact of industrial processes. They are also giving incentives in the form of tax credits, grants, and subsidies to the business houses using bio-based polyols. Besides, it is a highly sustainable and environmental-friendly product, which is boosting demand for bio-based polyols. Bio-based polyols possess similar or even superior performance properties than their petroleum-based counterparts. They can be formulated to meet specific requirements, providing a wide range of functionalities suitable for various applications such as polyurethane foams, coatings, adhesives, and elastomers.

Increasing utilization in the packaging industry

The growing concern for environment and regulatory pressure is a driving factor for polyols growth as demand is increasing day by day. As per McKinsey, 60% to 70% of consumers expressed a readiness to pay more for sustainable packaging. Polyols find a wide usage in polyurethane foam and coating, which can be extremely flexible, long-lasting and moisture-resistant. In addition, polyols-based packaging materials improve the shelf life of many perishable products by providing better protection in storage and transportation. Polyurethane foams and coatings allow for good cushioning shock absorption properties preventing damaged items during handling and shipping. It is also possible for materials based on polyols to provide insulation against temperature shifts, helping ensure the freshness and quality of food and pharmaceutical products. The increasing demand for convenient and sustainable packaging solutions is driving the interest of the packaging industry toward polyols-based materials to fulfill these requirements while ensuring the integrity and safety of products.

Development of advanced polyurethanes

Advanced polyurethanes are manufactured to offer superior performance properties. They comprise innovative formulations and can be tailored according to the requirements of industries. They have a high load capacity in both compression and tension. Advanced polyurethanes may undergo a change in shape under a heavy weight but can immediately return to their original shape after the load is removed with minimum compression set in the material. They can also function effectively when used in high-flex applications and possess high tear resistance along with efficient tensile properties. Additionally, advancements in manufacturing processes enable the production of polyurethanes with reduced emissions, lower energy consumption, and improved resource efficiency. For instance, in 2024, BASF has partnered with STOCKMEIER Urethanes USA, Inc. to produce Stobielast S polyurethane binders for playground surfacing, utilizing 100% domestically produced Biomass Balance (BMB) Lupranate MDI. These eco-friendly attributes make advanced polyurethanes attractive to industries and people seeking sustainable solutions. Advanced polyurethanes are increasingly getting incorporated with functionalities, such as self-healing, shape memory, antimicrobial activity, and sensing capabilities, to expand their application potential using diverse fields, including healthcare electronics and textiles.

Polyols Industry Segmentation:

Analysis by Type:

• Polyether Polyols
• Polyester Polyols

Polyether polyols stand as the largest type in 2024, holding around 27.9% of the market. Polyether polyols hold the biggest polyols market share. They are a kind of synthetic oil and are made from ethylene oxide, epoxy propane, epoxy butane, and various other raw materials. They are manufactured by the process of open ring homopolymerisation or copolymerization under the function of a catalyst. They are widely used for the preparation of synthetic detergents with low foaming features. They also have low toxicity and are often employed as drug excipients and emulsifiers, which are often used in oral and nasal sprays and shampoos. They can be used as demulsifiers for crude oil to prevent the formation of hard scales in oil pipelines. Moreover, polyether polyols are utilized as a papermaking additive and bleaching agent to improve the quality of various coated papers. Polyester polyols are the derivatives of dicarboxylic acids and polyols. They are primarily synthesized from petroleum but can also be manufactured from various types of plant-based oils. Their viscosity generally increases with their molecular weights, and they can impart various properties, including water resistance, abrasion resistance, and cut resistance.

Analysis by Application:

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

Flexible polyurethane foams lead the market with around 32.2% of the market share in 2024. Flexible polyurethane foams are the most prominent segment due to their versatility in mattress, pillow, furniture cushion, and car seat manufacturing. These foams are soft and resilient and can be molded to conform to the shape of the body to distribute weight and ease pressure points. Flexible polyurethane foams also show endurance and resilience to repeated compression, thereby ensuring long-term performance. Due to their excellent comfort, support, and durability properties, flexible polyurethane foams remain a number one favorite for manufacturers and consumers across diverse industries.

Analysis by Industry:

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

Packaging leads the market in 2024. Packaging represents the biggest market share owing to the rising utilization of polyols for making flexible packaging solutions. Polyols improve the adhesion properties in packaging materials, making them less prone to cracking or breaking during transportation and handling. They are also compatible with various materials like plastic, silicone, paper, and metals. This versatility allows them to be incorporated into different types of packaging solutions. Polyols have hygroscopic properties, meaning they can absorb and retain moisture. This property is valuable in packaging applications where moisture control is crucial, such as pharmaceuticals, food, and electronic components. By keeping products dry, polyols help maintain their quality and shelf life.

Regional Analysis:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

In 2024, Asia-Pacific accounted for the largest market share of over 44.3%. The Asia Pacific polyols market is being driven by the growing adoption of flexible packaging solutions across various industry sectors. The region is witnessing a rise in partnerships and collaborations between automakers and polyol and polyurethane foam manufacturers, fostering innovation and local production of customized and ergonomic car seats. Stringent emissions regulations in China and other countries are encouraging the production of bio-based polyols. Moreover, the construction industry in Asia Pacific is a major consumer of polyols, utilizing them in the production of insulation materials and adhesives. The growing population and urbanization in countries like India and China are driving the demand for sustainable construction materials, thereby propelling the growth of the polyols market in the region. Additionally, the rising disposable income levels in emerging economies are fueling the demand for consumer goods, such as furniture and electronics, further boosting the market for polyols. With favorable government policies and increasing investments in research and development, the Asia Pacific polyols market is expected to continue its growth trajectory in the coming years. In conclusion, the region's diverse industrial landscape and focus on sustainable solutions make it a key player in the global polyols market.

Key Regional Takeaways:

United States Polyols Market Analysis

US accounts for 83.8% of the market share in North America. The increasing demand for polyols, particularly sorbitol, xylitol, and erythritol, is being driven by health-conscious consumers residing across the United States who are seeking lower-calorie alternatives in the food and beverage industry. These polyols are gaining popularity as they are helping in weight management and blood sugar control. According to the International Diabetes Federation (IDF), in 2021, 237,306,100 adults were affected with diabetes across the region. Moreover, the prevalence rate of diabetes among adults were 13.6%. In line with this, polyols, particularly glycerin, act as humectants, helping to bind water within the skin, thereby promoting hydration. Therefore, this is used in several types of skin care products across the United States. Additionally, polyols are essential in the production of polyurethanes across the region, which are used in the automotive industry. According to the International Trade Administration (ITA), in 2020, the United States recorded light vehicle sales totaling 14.5 Million units.

North America Polyols Market Analysis

The steady growth of the North America polyols market is observed in such growing demands by the construction, automobile, and furniture industries. Polyols are important parts in polyurethane manufacturing, used in a vast array of applications that range from flexible and rigid foams to coatings, adhesives, and sealants. The construction industry growth has supported rigid polyurethane foam due to its insulating properties. On the other hand, flexible foam is used more by the automotive industry to develop light, energy-efficient vehicles. For example, as per industry reports, the U.S. biomass technology roadmap outlines a goal to replace 25% of petroleum-based organic compounds with biobased alternatives by 2030, which will include renewable and degradable vegetable oil-based polyols for polyurethane foam production. The increasing interest in sustainable solutions is driving the adoption of bio-based polyols, which aligns with regulatory and consumer preferences for eco-friendly materials. Major players focus on innovation and capacity expansion. With robust industrial activity and advancements in polyurethane technologies, the North America polyols market is positioned for sustained expansion.

Asia Pacific Polyols Market Analysis

The rising middle class and health-conscious consumers are significantly driving the demand for sugar-free and low-calorie products across the region, increasing the use of polyols like sorbitol and xylitol in the food and beverage industry. According to the India Brand Equity Foundation (IBEF), wealthy households of India are earning over ₹2 crore (around USD 242,709) per year. This increased from USD 1.06 Million in 2016 to 1.8 Million in 2021.In line with this, the increasing use of polyols as excipients in drug formulations is addressing the growing healthcare needs of the large and expanding population in the Asia-Pacific region. According to the India Brand Equity Foundation (IBEF), the Indian pharmaceutical industry is currently experiencing a compound annual growth rate (CAGR) of 6-8% from FY18 to FY23, driven by an ongoing 8% increase in exports and a 6% rise in the domestic market.

Europe Polyols Market Analysis

The increasing use of polyols in the manufacturing of polyurethane foams across the European region is driving their application in the automotive sector for seating, insulation, and soundproofing materials. According to the Office for National Statistics, in 2018, motor vehicle manufacturing firms in the United Kingdom directly employed over 169,000 individuals, accounting for 0.5% of the total workforce. In addition to this, the construction industry is increasingly using polyurethane-based insulation materials, derived from polyols, for thermal insulation. According to the European Commission, the construction sector generates approximately 18 Million direct jobs and accounts for around 9% of the European Union's GDP. Furthermore, the rising demand for diabetic-friendly and low-sugar food options are stimulating the increasing use of polyols as sugar alcohols in sugar-free and low-calorie products. In line with this, polyols are being incorporated into drug formulations, especially as excipients, stabilizers, and sweeteners in products like syrups and chewable tablets.

Latin America Polyols Market Analysis

Polyols, particularly glycerin, are being used in cosmetics, especially in moisturizers, shampoos, and conditioners, due to their moisturizing properties. In addition to this, consumer awareness of health and wellness is increasing, stimulating the rising demand for low-calorie sweeteners and sugar substitutes, particularly sorbitol and mannitol, across the Latin American region. According to the International Diabetes Federation (IDF), in 2021, 149,916,800 adults were affected with diabetes across Brazil. In line with this, the prevalence rate of diabetes among adults were 10.5%.

Middle East and Africa Polyols Market Analysis

The demand for low-calorie and low-sugar foods is driving the use of polyols like sorbitol and mannitol in sugar-free and diabetic-friendly food products, particularly in the Middle East. According to the International Diabetes Federation (IDF), in 2021, 8,057,100 adults were affected with diabetes across the United Arab Emirates. In line with this, the prevalence rate of diabetes among adults were 12.3%. Additionally, according to the International Diabetes Federation (IDF), in 2021, 24,194,300 adults were affected with diabetes across Saudi Arabia.

Competitive Landscape:

The polyols market has shown a competitive landscape with huge international giants and emerging regional manufacturing firms. Industry leaders tend to upgrade their production volumes, move towards bio-based polyol production, and widen the variety of products according to developing sustainability demands. Strategic collaborations, mergers, and acquisitions take place in frequent sequences which help to acquire improved and stronger market positions and enhance global reach in terms of market. Technological change in producing processes and innovative product intensifies competition. Key players are also prioritizing investments in R&D to create high-performance polyols tailored for specific applications. This competitive environment fosters continual innovation and positions the market for sustainable growth in a wide array of industries. For instance, in 2024, BASF partnered with Carlisle Construction Materials to produce MDI-based polyiso boards and polyurethane foam using Lupranate ZERO, the first zero-carbon-footprint isocyanate, revolutionizing sustainable building insulation.

The report provides a comprehensive analysis of the competitive landscape in the polyols market with detailed profiles of all major companies, including:

• 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

Key Questions Answered in This Report

• 1.What is polyols?
• 2.How big is the polyols market?
• 3.What is the expected growth rate of the global polyols market during 2025-2033?
• 4.What are the key factors driving the global polyols market?
• 5.What is the leading segment of the global polyols market based on the type?
• 6.What is the leading segment of the global polyols market based on application?
• 7.What is the leading segment of the global polyols market based on industry?
• 8.What are the key regions in the global polyols market?
• 9.Who are the key players/companies in the global polyols market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Polyols Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Type
• 5.5 Market Breakup by Application
• 5.6 Market Breakup by Industry
• 5.7 Market Breakup by Region
• 5.8 Market Forecast

6 Market Breakup by Type

• 6.1 Polyether Polyols
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Polyester Polyols
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Application

• 7.1 Flexible Polyurethane Foams
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Rigid Polyurethane Foams
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 CASE (Coatings, Adhesives, Sealants & Elastomers)
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Others
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Industry

• 8.1 Carpet Backing
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Packaging
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Furniture
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Automotive
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Building & Construction
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Electronics
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast
• 8.7 Footwear
  • 8.7.1 Market Trends
  • 8.7.2 Market Forecast
• 8.8 Others
  • 8.8.1 Market Trends
  • 8.8.2 Market Forecast

9 Market Breakup by Region

• 9.1 Asia Pacific
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Europe
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 North America
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Middle East and Africa
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Latin America
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porter's Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 BASF SE
  • 14.3.2 Royal Dutch Shell Plc
  • 14.3.3 Mitsui Chemicals
  • 14.3.4 Covestro AG
  • 14.3.5 The Dow Chemical Company
  • 14.3.6 Wanhua Chemical Group
  • 14.3.7 Huntsman Corporation
  • 14.3.8 LANXESS AG
  • 14.3.9 Stepan Company
  • 14.3.10 Repsol SA