The Economic Impact of Coronavirus on Polyols Market Research Report 2020 by EXPERT MARKET RESEARCH
According to a new report by EMR titled, ‘Global Polyols Market Report and Forecast 2020-2025’, the global polyols market size reached USD 25.6 billion in 2019. The global polyols market is expected to reach USD 35.7 billion by the year 2025, growing at a CAGR of 6% between 2020 and 2025.
The global polyols market is being driven by the growing demand for polyols in the automotive and construction sectors. Polyols are essential in the manufacturing of polyurethane foams that are used in many end-user industries like the automotive and building industries. In addition, the demand for polyurethane foam is growing as the automotive and construction markets grow, thus, aiding the polyols market globally.
Competitive Landscape & Supplier Analysis:
BASF SE (OTCMKTS: BASFY)
Royal Dutch Shell Plc (NYSE: RDS.A)
Covestro AG (OTCMKTS: COVTY)
Dow (INDEXDJX: .DJI)
Wanhua Chemical Group Co., Ltd.
Huntsman International LLC
Mitsui Chemicals Inc.
Stepan Company
Repsol
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In September 2015, BASF SE (OTCMKTS: BASFY), one of the key players in the industry, extended its range of bio-based, high-quality polyols marketed under Sovermol. The products are used to manufacture two-component polyurethane coatings with extremely low emissions, for internal and external applications. The new polyol by BASF with Sovermol 830 makes indoor flooring more resistant, for example, in warehouses of industry or sports halls. As the resin is made from renewable raw materials and does not contain any VOCs, it contributes significantly to the development of sustainable coatings with especially high levels of stability as well as durability.
Market Analysis by Type:
Polyether Polyols
Polyester Polyols
The types of polyols are divided into polyether polyols and polyester polyols.
Market Analysis by Applications:
Flexible Polyurethane Foam
Rigid Polyurethane Foam
CASE (Coatings, Adhesives, Sealants & Elastomers)
Polyols find applications in flexible polyurethane foam, rigid polyurethane foam, and CASE (coatings, adhesives, sealants, and elastomers).
Market Analysis by Regions:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
The regional markets for polyols include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Key Findings of the Report:
The global polyols market is majorly being driven by the rapid industrialisation.
The growth of the polyols market is being aided by the growth of the construction and automotive sectors.
Insulated houses and buildings help conserve energy and, thus, help in reducing the emission of greenhouse gases to an extent, which is driving the market growth.
The demand for polyols is driven by the growth of various industries, including furniture, electronics, packaging, and footwear.
The rapidly rising population and the rising demand for housing facilities are driving the demand for polyols, especially in developing countries.
The thriving demand for polyurethane foams in the automotive sector is also propelling the industry growth.
Key Offerings of the Report:
The EMR report gives an overview of the global polyols market for the periods (2015-2019) and (2020-2025).
The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, applications, and major regions of polyols.
The EMR report also provides an insight into the regional price trends of the global polyols market for the (2015-2019) and (2020-2025) periods.
It assesses the market based on the SWOT as well as Porter’s Five Forces analysis.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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