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市場調査レポート
商品コード
1645296
ポリオール市場の評価、タイプ別、用途別、エンドユーザー産業別、地域別、機会および予測、2018~2032年Polyols Market Assessment, By Type, By Application, By End-user Industry, By Region, Opportunities and Forecast, 2018-2032F |
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ポリオール市場の評価、タイプ別、用途別、エンドユーザー産業別、地域別、機会および予測、2018~2032年 |
出版日: 2025年01月30日
発行: Market Xcel - Markets and Data
ページ情報: 英文 220 Pages
納期: 3~5営業日
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世界のポリオール市場は、2025~2032年の予測期間中にCAGR 5.66%を記録し、2024年の338億2,000万米ドルから2032年には525億3,000万米ドルに成長すると予測されます。この成長の主因は、ポリオールが硬質フォームや軟質フォームのような高性能素材を製造するのに不可欠な、建設、自動車、包装などさまざまな最終用途産業での需要増にあります。
さらに、エネルギー効率と持続可能性が重視されるようになり、メーカーがバイオベース・ポリオールのような環境に優しい代替品を求めるようになったことも、市場をさらに押し上げる要因となっています。植物油や天然糖類などのバイオベース素材から作られたポリオールは、持続可能性の要件を満たし、環境意識の高い消費者や企業を惹きつけています。さらに、石油への依存を減らすと同時に、天然資源の賢明な利用を目指す国際的な取り組みも支援します。さらに、環境意識の高い消費者のニーズを満たし、化学物質の登録・評価・認可・制限(REACH)や揮発性有機化合物(VOC)の含有量制限を含む各国政府の規制要求に応えるため、さまざまな産業でバイオベースの代替品の採用が進んでいます。
2023年3月、BASF SEはアジア太平洋地域における環境に優しい製品に対する需要の高まりに応えるため、インドのマンガロールで初のバイオベースポリオールであるSovermolの生産を開始しました。再生可能な材料から作られるSovermolは、揮発性有機化合物(VOC)ゼロで、様々な産業向けの持続可能なコーティング剤や接着剤に使用されます。この生産施設はマンガロールに戦略的に位置し、原料供給に近いため輸送時間が短縮され、この地域の顧客にクラス最高の製品とサービスを効率的に提供するというBASFの目標に貢献しています。
すべてのセグメントは、対象となるすべての地域と国で提供されます。
上記の企業は市場シェアに基づいて注文を保留しておらず、調査作業中に入手可能な情報に基づいて変更される可能性があります。
Global polyols market is projected to witness a CAGR of 5.66% during the forecast period 2025-2032, growing from USD 33.82 billion in 2024 to USD 52.53 billion in 2032. This expansion is primarily driven by increasing demand across various end-use industries, including construction, automotive, and packaging, where polyols are essential for producing high-performance materials such as rigid and flexible foams.
Furthermore, the rising emphasis on energy efficiency and sustainability further propels the market, as manufacturers seek eco-friendly alternatives like bio-based polyols. The Polyols made from bio-based materials, such as vegetable oils and natural sugars, meet the sustainability requirements and attract eco-conscious consumers and businesses. Furthermore, they reduce reliance on petroleum while simultaneously supporting international efforts toward the judicious use of natural resources. In addition, various industries are increasingly adopting bio-based alternatives to meet the needs of environmentally conscious consumers and comply with regulatory demands from governments, including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and limits on Volatile Organic Compounds (VOCs) content.
In March 2023, BASF SE started producing its first bio-based polyol, Sovermol, in Mangalore, India, to meet the growing demand for eco-friendly products in the Asia Pacific region. Sovermol, sourced from renewable materials, contains zero volatile organic compounds (VOC) and is used in sustainable coatings and adhesives for various industries. The production facility is strategically located in Mangalore, close to raw materials supply, reducing transportation time and contributing to BASF's goal of efficiently delivering best-in-class products and services to customers in the region.
Growth in Polyurethane Usage in Key Industry Sectors
The increasing adoption of polyurethane (PU) across various industry sectors is a significant driver of the polyols market. Polyurethane is a versatile polymer that can be formulated into different types of foams, elastomers, and coatings, making it suitable for a wide range of applications. As industries seek materials that offer superior performance characteristics, the demand for polyurethanes, particularly rigid and flexible foams, continues to grow.
In the automotive industry polyurethanes are employed for designing interior and exterior components to achieve lightweight structures, with improved fuel efficiency and reduced emissions. Moreover, for the insulation application, the polyurethanes are widely used in refrigeration units and Heating, Ventilation, and Air Conditioning (HVAC) systems.
Furthermore, the construction sectors also contribute significantly to the polyols market because it involves immense growth in the utilization of polyurethane, particularly the rigid polyurethane foam (RPUF), because it provides excellent thermal performance along with energy efficiency for insulation purposes. Polyurethane foam insulation helps change the direction taken in building energy efficiency. The polyurethanes holds high thermal resistance, also minimizes the transfer of heat, thereby reducing energy losses by controlling heating and cooling costs.
According to the American Chemistry Council Report 2023, the United States polyurethane industry directly generates USD 41 billion in output (revenues) in 2022. The country employs approximately 1,535 thousand tons of polyurethane in Building and Construction, the largest end-user market with around 43 percent of total polyurethane consumption in the country.
Driving Change to Bio-Based and Sustainable Polyols
The polyols market is transforming significantly due to sustainability concerns and the global effort to decrease carbon footprints. Whereas, the traditional petrochemical-based polyols are being supplemented, in some cases, replaced by bio-based variants. The shift towards bio-based polyols will help reduce greenhouse gas emissions and decrease the dependence on fossil resources. Companies are investing in R&D efforts to make bio-based polyols more cost-effective and efficient enough to compete with conventional alternatives.
For example, the registration, evaluation, authorization, and restriction of chemicals regulatory framework (REACH) in Europe promotes bio-based polyols by enforcing stringent safety and sustainability standards for chemicals. The growing awareness of green products is driving demand in industries like automotive, packaging, and construction, and circular economies are growing significantly in Europe and North America, particularly with bio-based polyols. The end-users of the polyols market are highly diversified and use polyols in different ways to achieve better performance, durability, and sustainability in their products.
In September 2022, Covestro produces polyether polyols made from bio-circular feedstock, along with renewable toluene diisocyanate (TDI) and climate-neutral methylene diphenyl diisocyanate (MDI), enabling the production of polyurethane (PU) foams from alternative raw materials. Using the mass balance approach, these materials incorporate renewable precursors, such as biowaste, to gradually replace fossil-based inputs. PU rigid foams provide efficient thermal insulation, while soft foams enhance comfort in mattresses, furniture, car seats, and shoes. Additionally, these polyols support adhesive applications, improving sustainability across industries.
Rigid Polyurethane Foams are the Largest Application of Polyols
Rigid polyurethane foams are the largest application segment in the global polyols market, primarily due to their extensive usage in insulation and construction. These foams are preferred for outstanding thermal insulation properties, which make them highly suitable for various applications in building materials, including insulated panels and roofing systems. The increasing demand for energy-efficient solutions in the construction sector is further driving the growth in rigid polyurethane foams, which reduce energy consumption and help improve overall building performance. Polyurethanes have an excellent energy balance of around 70 times more energy during their lifecycle than what they consume to produce it initially.
Furthermore, advances in polyol chemistry have made it possible to achieve high-performance polyols that improve the mechanical properties and thermal stability of RPUF. New additives in polyurethanes are fire retardants that improve fire resistance with a reduction in flammability, enhancing the safety of RPUF for various applications.
In April 2024, Chimcomplex SA Borzesti successfully completed a project aimed at producing environmentally friendly polyols at its Ramnicu Valcea plant, with a total investment of approximately USD 2.53 million, including around USD 1.26 million in non-repayable financial assistance from Innovation Norway. This initiative enhances the company's production capacity by 17,000 tons annually and significantly reduces CO2 emissions by up to 3,400 tons per year, aligning with circular economic principles. The new "green polyols," derived from natural oils, cater to various applications, including soft foams for mattresses and automotive components, reflecting Chimcomplex's commitment to sustainability and innovation.
Asia-Pacific Dominates the Global Polyols Market
Asia-Pacific leads the global polyols market, influenced by rapid urbanization and industrialization, especially in economies like China, India, Japan, Indonesia, and South Korea. These countries are among the fastest emerging economies in the world, where industries like automotive, construction, electrical, and electronics industries are expanding as a result of rising consumer spending and income levels. The growth in disposable incomes and shifting consumer preferences led to an increasing demand for high-quality products, where material like polyurethane comes into play. Being a flexible polymer, polyurethane employed into a variety of foams, elastomers, and coatings, which makes it appropriate for a broad range of end-user industries.
In the automobile industry, flexible polyurethane foam is used in vehicle seat cushions, and customers choose this material because it comes in a variety of shapes and firmness to match the needs of the seat based on the kind of vehicle. China, India, and Japan are the major commercial vehicle producers in the Asia-Pacific. According to the International Organization of Motor Vehicle Manufacturers (OICA), 26.12 million vehicles were produced in China in 2023, which is around 10% more than in 2022.
Furthermore, the building and construction sector, which is the fastest growing end user market of polyols globally, is witnessing enormous growth in the Asia-Pacific, led by rapidly growing economies like China and India. According to the National Bureau of Statistics of China, the construction output value in China accounted for USD 4.4 trillion in 2023, reflecting the highest demand-generating country in Asia-Pacific.
Future Market Scenario (2025 - 2032F)
There will be a significant shift towards bio-based polyols as manufacturers seek sustainable alternatives to petrochemical-derived products. This trend is driven by environmental concerns and regulatory pressures, leading to innovations in bio-polyol formulations.
Continued advancements in polyol production technologies will enhance efficiency and product quality, allowing for greater customization and performance improvements in polyurethane applications.
Government initiatives promoting energy efficiency and sustainability will further boost the demand for polyols, particularly in insulation materials for buildings and energy-efficient products in various sectors.
Polyol suppliers are likely to pursue forward integration into polyurethane production to reduce logistics costs and improve product quality, responding to increasing consumer awareness of benefits associated with high-quality materials.
Key Players Landscape and Outlook
The polyols market is characterized by a concentrated landscape dominated by several key players. The companies leverage extensive research and development capabilities, global reach, and strong customer relationships to maintain competitive advantages. Strategic initiatives such as mergers, acquisitions, and partnerships are commonly employed to enhance market presence and expand product offerings. Emerging players are also entering the market, seeking opportunities in bio-based polyols and innovative applications.
In October 2022, BASF SE partnered with RAMPF Eco Solutions GmbH & Co. KG, to develop depolymerization techniques for producing polyol from waste polyurethane (PU) fridge insulation. This innovative process, challenging due to high foreign substances, aims to convert post-consumer waste into high-quality recycled polyol, a potential alternative to natural hydrocarbons in PU insulation production.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.