PUBLISHER: Grand View Research | PRODUCT CODE: 1679500
PUBLISHER: Grand View Research | PRODUCT CODE: 1679500
The global polyols market size is estimated to reach USD 67.7 billion by 2030, registering to grow at a CAGR of 8.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. There has been a shift in trend from conventional heavy materials such as metals to lightweight, high performance plastics. This has, in turn, driven the use of polyurethane to lower automotive component weight and boost fuel savings. This is likely to have a positive impact on demand for polyols across the globe.
Polyols are witnessing an increase in demand owing to their growing application scope in important end-use industries such as automotive, furniture and bedding, building and construction, pharmaceutical, and packaging. Growth of the automotive market and rising focus on energy-efficient buildings have emerged as major factors driving the polyol market.
In PU adhesive formulation, polyether polyols are the dominant product segment. Polyether polyols offer excellent flexibility at low temperatures and are relatively less sensitive to hydrolysis compared to polyester polyols. Polyether polyols is also utilized to formulate reactive hot melt adhesives. Polyester polyols are widely used in highly automated and hot melt adhesive applications that require fast set time or initial green strengths.
Furthermore, concerning the overall polyol market scenario, principal manufacturers are seen incorporating bio-based polyols to reduce dependence on conventional petrochemical derived polyols and reduce risks, such as environmental concerns and volatile raw material prices, associated with it.
The global polyols market is concentrated and oligopolistic in nature, with top manufacturers accounting for over 48.0% of the global market. Pricing and various other strategic initiatives depend on these top market players.