세계의 폴리올 및 폴리우레탄 시장 규모, 점유율, 성장 분석, 제품 유형별, 용도별, 최종 사용자별 - 산업 예측(2023-2030년)

Global Polyols and Polyurethane Market size was valued at USD 29.10 Billion in 2022 and is poised to grow from USD 30.61 Billion in 2023 to USD 45.92 Billion by 2031, at a CAGR of 5.20% during the forecast period (2024-2031).

The global market is experiencing increased demand, primarily fuelled by the expanding automotive and building and construction industries. The growing emphasis on energy conservation is driving the need for rigid foams with high insulation properties, particularly in the building and construction sector. With the construction industry expanding to accommodate the rising population, there is an anticipated surge in the consumption of Polyols and Polyurethanes in building components such as exterior panels, insulation materials, and housing electronics. Concurrently, the automotive and packaging sectors are witnessing substantial growth, further contributing to the overall market expansion. To enhance efficiency and reduce costs, polyol suppliers are vertically integrating into polyurethane production, aiming to minimize logistics costs and procurement challenges in the long term. These suppliers are also focusing on maintaining high-quality standards by involving themselves in the production stage, responding to consumers' increasing awareness of product benefits. Sustainability has emerged as a key focus in building development, with escalating investments in smart and energy-efficient commercial and residential buildings. Such structures not only offer profitable opportunities but also align with environmental and regulatory standards, meeting consumer expectations for sustainability. Consequently, there is a heightened demand for efficient insulating materials like polyurethane foams to regulate heating, ventilation, and air conditioning (HVAC) systems and reduce energy loss. However, it's crucial to acknowledge that the production of polyurethane involves hazardous raw materials such as TDI and MDI, which can pose environmental risks. The release of TDI during industrial processes contributes to air pollution and poses health hazards, as evaluated by Environment Canada and Health Canada. Hence, there is a pressing need for careful management and mitigation of these environmental concerns in the production and application of Polyols and Polyurethanes.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polyols and Polyurethane Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Polyols and Polyurethane Market Segmental Analysis

Global Polyols and Polyurethane Market is segmented by product type, application, and region. Based on product type, the market can be segmented into polyether polyols, and polyester polyols. Based on application, the market is segmented into flexible foams, rigid foams, coatings, adhesives and sealants, and elastomers. Based on end-user, the market can be segmented into furniture and interiors, construction, electronics and appliances, automotive, footwear, packaging, industrial insulation, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Polyols and Polyurethane Market

A key factor driving the global Polyols and Polyurethane market's growth is the escalating focus on energy conservation. This emphasis is especially pronounced in the building and construction sector, where there is a growing requirement for rigid foams with superior insulation properties. The increasing demand for Polyurethane foams is driven by the necessity for effective insulation materials to control heating, ventilation, and air conditioning (HVAC) systems and mitigate energy loss.

Restraints in the Global Polyols and Polyurethane Market

A significant impediment to the global Polyols and Polyurethane market is the environmental apprehensions linked to the manufacturing and utilization of these materials. The raw materials employed in Polyurethane production, including TDI and MDI, are deemed environmentally hazardous. The discharge of TDI in industrial processes poses threats to both air quality and human health. Consequently, there is a call for more stringent regulations and the adoption of sustainable practices to address the environmental repercussions of Polyols and Polyurethanes, potentially hindering market growth.

Market Trends of the Global Polyols and Polyurethane Market

A notable trend in the Polyols and Polyurethane industry is the increasing emphasis on sustainable and environmentally friendly materials. With a growing awareness of environmental concerns, there is a rising market demand for Polyols and Polyurethanes sourced from renewable origins or those with a diminished carbon footprint. Companies are dedicating resources to research and development, aiming to create bio-based Polyols and Polyurethanes by utilizing feedstocks such as vegetable oils and biomass. This trend is in harmony with the broader sustainability objectives of industries like automotive and construction, fostering the adoption of greener alternatives and influencing the market's future trajectory.

Table of Contents

Executive Summary

• Market Overview
• Wheel of Fortune

Research Methodology

• Information Procurement
• Secondary & Primary Data Sources
• Market Size Estimation
• Market Assumptions & Limitations

Parent Market Analysis

• Market Overview
• Market Size
• Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges

Key Market Insights

• Technology Analysis
• Pricing Analysis
• Supply Chain Analysis
• Value Chain Analysis
• Ecosystem of the Market
• IP Analysis
• Trade Analysis
• Startup Analysis
• Raw Material Analysis
• Innovation Matrix
• Pipeline Product Analysis
• Macroeconomic Indicators
• Top Investment Analysis
• Key Success Factor
• Degree of Competition

Market Dynamics & Outlook

• Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
• Regulatory Landscape
• Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers
• Skyquest Special Insights on Future Disruptions
  • Political Impact
  • Economic Impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact

Global Polyols and Polyurethane Market by Product type

• Market Overview
• Polyether Polyols and Polyester Polyols

Global Polyols and Polyurethane Market by Application

• Market Overview
• Flexible Foams
• Rigid Foams
• Coatings
• Adhesives and Sealants
• and Elastomers

Global Polyols and Polyurethane Market by End-User

• Market Overview
• Furniture and interiors
• Construction
• Electronics and appliances
• Automotive
• Footwear
• Packaging
• Industrial Insulation
• and Others

Global Polyols and Polyurethane Market Size by Region

• Market Overview
• North America
  • USA
  • Canada
• Europe
  • Germany
  • Spain
  • France
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA

Competitive Landscape

• Top 5 Player Comparison
• Market Positioning of Key Players, 2021
• Strategies Adopted by Key Market Players
• Top Winning Strategies
  • By Development
  • By Company
  • By Year
• Recent Activities in the Market
• Key Companies Market Share (%), 2021

Key Company Profiles

• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covestro AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Chemical Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsui Chemicals Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chemtura Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shell Chemicals (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wanhua Chemical Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Recticel NV (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Manali Petrochemicals Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FoamPartner Group (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Foamcraft Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trelleborg AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Woodbridge Foam Corporation (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sekisui Chemical Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LANXESS AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Armacell International S.A. (Luxembourg)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Inoac Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• British Vita Limited (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments