Lucintel Forecasts the Global Polyol Market to Reach $51 billion by 2030
Lucintel Forecasts the Global Polyol Market to Reach $51 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global polyol market looks promising with opportunities in the polyurethane (flexible & rigid foam), coating, adhesive, sealant, and elastomer markets. The global polyol market is expected to reach an estimated $51 billion by 2030 from $40.4 billion in 2023,at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing demand from developing regions, for energy efficient buildings, and growing demand from refrigerator and freezer manufacturers.
A more than 150 – page report is developed to understand trends, opportunity and forecast in polyol market to 2028 by product type (polyether polyols and polyester polyols), application (polyurethane [flexible foam], polyurethane [rigid foam], coatings, adhesives, sealants and elastomers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that polyurethane flexible foam will remain the largest application segment and it is also expected to witness highest growth over the forecast period.
Polyether polyols will remain the largest segment and it is also expected to witness the highest growth over the forecast period.
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APAC is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period due to growing manufacturing sector and improvement in living standards.
Royal Dutch shell plc, Cargill Inc., Dow chemical’s, BASF SE, and Bayer AG are the major suppliers in the polyol market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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