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  • Polyols Market Worth $34.4 Billion by 2024




    (Transportation-News.com, March 10, 2020 ) According to the new market research report "Polyols Market by type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), and Region (APAC, Europe, North America, South America and Middle East & Africa) - Global Forecast to 2024", published by MarketsandMarkets, the polyols market size is projected to grow from USD 26.2 billion in 2019 to USD 34.4 billion by 2024, at a CAGR of 5.6% during the forecast period.

    Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=725

    The growth is attributed to the increasing consumption of polyurethane foam in the expanding construction and automotive industries of developing economies, globally. Also, growing refrigerator and freezer manufacturing in the APAC region is expected to drive the polyols market.

    Polyether polyols segment is estimated to dominate the overall market.

    The increasing demand for flexible polyurethane foams is expected to drive the demand for polyether polyols. Polyether polyols are majorly used to manufacture flexible polyurethane foams, which are further used in applications such as bedding, furniture, carpets, vehicles interior, and seats.

    The increasing demand for these products from the construction and automotive industries, owing to infrastructural development and increasing commercial & private vehicle, are driving the demand for polyether polyols.

    Rigid polyurethane foam is projected to be the fastest-growing application of polyols during the forecast period.

    Rigid polyurethane foam is projected to be the fastest-growing application of polyols during the forecast period. The unique advantages of rigid polyurethane foam, such as energy efficiency, high performance, protection against UV degradation, and longer performance life, make it ideal for use in the construction and refrigeration industries.

    The growth of the construction and refrigeration industries, along with rising energy efficiency needs in these industries, is expected to drive the demand for rigid polyurethane foam.

    Don't miss out on business opportunities in Polyols Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=725

    Browse and in-depth TOC on "Polyols Market"
    78 - Tables
    42 - Figures
    118 - Pages

    Dont miss out on business opportunities in Polyols Market. Speak to our analyst and gain crucial industry insights that will help your business grow: www.marketsandmarkets.com/speaktoasp?id=725

    APAC is estimated to be the largest polyols market during the forecast period.

    APAC is projected to be the largest polyols market during the forecast period. The growing investment in capacity expansion of the automotive and construction industries is expected to drive the polyols market in the region.

    Polyols based polyurethane foams are used in applications such as roof & wall insulation, furniture, carpet, cushion, transportations, and bedding, which are majorly used in the automotive and construction industries. Thus, the growth of the automotive and construction industries in the region will boost the growth of the polyols market.

    BASF SE (Germany), Covestro AG (Germany), Royal Dutch Shell Plc (Netherlands), the Dow Chemical Company (US), Mitsui Chemicals (Japan), Wanhua Chemical Group (China), LANXESS AG (Germany), Huntsman Corporation (US), Stepan Company (US), and Repsol SA (Spain) are the leading players operating in the polyols market.

    Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=725
    About MarketsandMarkets

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    Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the Growth Engagement Model GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write Attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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    Mr. Sanjay Gupta

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    raviraj.tak@marketsandmarkets.com

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