The latest report by IMARC Group, titled “Polyols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global polyols market size reached US$ 26.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.74% during 2023-2028.

Polyols or sugar alcohols are a class of organic compounds known for their sweet taste. They are valued for their ability to provide sweetness with fewer calories and a reduced impact on blood sugar levels. They are derived from natural sources and through chemical processes. Natural sources include fruits, including cherries and plums, and certain vegetables. They can also be produced through the hydrogenation of sugars, such as glucose and maltose, which involves the addition of hydrogen atoms to the sugar molecule, converting it into a polyol. They can partially be absorbed in the small intestine, which makes them a popular choice for individuals with diabetes and helps regulate blood sugar levels. Additionally, polyols are less likely to cause tooth decay compared to traditional sugars, making them a common ingredient in sugar-free chewing gums and candies. Nowadays, polyols are widely adopted in food, pharmaceuticals, automotive, packaging, and aerospace sectors.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/polyols-market/requestsample

Polyols Market Trends and Drivers:

The polyols market is primarily driven by the growing automotive sectors. In addition, the rising demand for polyols in the production of seats, cushions, insulation materials, and foams to enhance comfort and energy efficiency in vehicles makes them appealing to consumers, which is influencing the market growth. Moreover, the widespread adoption of polyols in the construction and building industry in the form of insulation materials, sealants, coatings, and adhesives to improve energy efficiency, durability, and aesthetics in buildings and infrastructure projects represents another major growth-inducing factor. Besides this, the growing packaging industry is using polyols to create protective packaging materials, such as foam packaging and cushioning, ensuring the safe transport of fragile items and accelerating the product adoption rate. Along with this, the increasing demand for polyols in the aerospace and transportation sectors in aircraft and vehicle interiors to produce lightweight, durable, and fire-resistant materials is propelling the market growth. Furthermore, the extensive use of polyols in the renewable energy sector to produce wind turbine blades ensures their structural integrity and longevity, creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Polyether Polyols
  • Polyester Polyols

Breakup by Application:

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

Breakup by Industry:

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

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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, etc.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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