Some of the key factors favouring the growth of the market are consumer inclination towards low calorie food, growing health concerns and changing consumer lifestyle are key factors fuelling the global polyols market growth. Moreover, increasing awareness among manufacturers of processed food products regarding benefits of polyols such as suspension, thickness and stabilization offered by xanthum gum is predicted to increase uptake of polyols in food and beverage products. However, increasing price volatility of raw materials and regulatory approvals are acts as restrains for the growth of the market. —
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Polyols are defined as sugar-free sweeteners, which are used in the same amount as sugar is used in food and beverage products. The chemical structure of polyols is partially sugar and alcohol thus, called as sugar alcohols. Different polyols available for use in food and beverage products include erythritol, sorbitol, maltitol, isomalt and others. Polyol is a key ingredient used in polyurethane formulations, which is largely used in various industrial applications including rigid & flexible foams, coatings, adhesives, sealants and elastomers.
Depending upon the type, polyether polyol segment witnessed considerable market growth owing to their tightly cross-linked structure and low molecular weight. Moreover, polyether polyols exhibit better resilience, abrasion resistance, and hydrolytic stability. Based on application, polyurethane (flexible foam) segment holds the largest market share. The growth of this segment can be attributed due to the extensive demand from various end-user industries such as mattresses, sofas, automotive upholstery etc.
By geography, Asia Pacific holds significant market share due to the lucrative opportunities for the polyol market in this region, which is led by rapid industrialization and high growth in construction and automotive industries of Southeast Asian countries.
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Some of the key players in polyols market include BASF SE, Mitsui Chemicals, Inc., Dow Chemicals, Royal Dutch Shell, Lonza Group, Vertellus, Bayer AG, Stepan Company, Perstorp AB, INVISTA B.V., Emery Oleochemicals, Coim Group, Chemtura, Cargill Incorporated, Shandong Dongda Chemical Industry Co Ltd, Jayant Agro-Organics Ltd., Roquette Frères, Huntsman Corporation, Piedmont Chemical Industries and PolyLab Industries Private Limited.
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• Polyester Polyol
• Polyether Polyol
• CASE (Coatings, Adhesives, Sealants and Elastoemrs)
• Polyurethane (Rigid Foam)
• Polyurethane (Flexible Foam)
End Users Covered:
• Carpet Backing
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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