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Middle East and Africa Polyols Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Middle East and Africa Polyols Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Jun 2023
  • MEA
  • 350 Pages
  • No of Tables: 89
  • No of Figures: 25

Middle East and Africa Polyols Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD 1,568.40 USD million
Diagram Market Size (Forecast Year) USD 2,156.40 USD million
Diagram CAGR %

Major Markets Players

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Middle East and Africa Polyols Market, By Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Coatings, Adhesive & Sealants, Elastomers, and Others), End User (Construction, Furniture, Transport, Packaging, Carpet Backing, and Others) Industry Trends and Forecast to 2030.

Middle East and Africa Polyols Market

Middle East and Africa Polyols Market Analysis and Size

Polyols are organic compounds. This organic compound is a compound that contains carbon covalently bound to other atoms, especially carbon-carbon, and carbon-hydrogen. A class of polyols called sugar alcohols includes those that are derived from sugars. They may occur naturally or produce industrially. The growing demand for polyurethane foams, increasing demand in the construction and infrastructure sector, and increasing focus on energy-efficient insulation materials, and sustainable products are the major factors that act as a driving factor for the Middle East and Africa polyols market. However, environmental regulations and sustainability concerns, high costs associated with polyols are acting as a restraining factors for the growth of the Middle East and Africa polyols market. Increasing demand for polyols for packaging materials, usage of polyols in insulation applications, and growing demand for bio-based are estimated to provide opportunities for Middle East and Africa polyols market growth. However, fluctuations in raw material prices and technological limitations, and performance requirements are creating a challenging environment for the Middle East and Africa polyols market growth. 

Middle East and Africa Polyols MarketMiddle East and Africa Polyols Market

Data Bridge Market Research analyses that the Middle East and Africa polyols market is expected to reach a value of USD 2,156.40 million by 2030, at a CAGR of 4.3% during the forecast period. The Middle East and Africa polyols market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.     

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million

Segments Covered

Type (Polyether Polyols and Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Coatings, Adhesive & Sealants, Elastomers, and Others), End User (Construction, Furniture, Transport, Packaging, Carpet Backing, and Others)

Countries Covered

U.A.E., Saudi Arabia, Israel, Egypt, South Africa, and Rest of the Middle East and Africa.

Market Players Covered

Huntsman International LLC, Repsol, Biesterfeld AG, DIC CORPORATION, Tosoh Corporation, Arkema, BASF SE, Dow, Cargill, Incorporated, LANXESS, Shell plc, Mitsubishi Chemical Corporation, Vertellus, Wanhua, Stepan Company, Gulshan Polyols Ltd, Perstorp Holding AB (Subsidiary of PETRONAS Chemicals Group), Emery Oleochemicals LLC, Covestro AG, Coim Group, and Shakun Industries, among others

Market Definition

Polyols are alcohols with more than one hydroxyl group and they constitute one of the main raw materials for manufacturing polyurethane. They are commonly used as key raw materials in manufacturing various products, such as polyurethane foams, coatings, adhesives, sealants, elastomers, and more. Polyols are primarily derived from petrochemical sources or renewable resources like vegetable oils and sugar derivatives. They can be classified into different types based on their chemical structure, including polyether polyols and polyester polyols. Each type possesses specific properties and is suitable for different applications. The different types of polyols are polyether polyols and polyester polyols. The polyols are being used in different applications in different forms such as flexible polyurethane foam, rigid polyurethane foam, coatings, adhesives & sealants, elastomers, and others. Polyurethanes are versatile, modern, and safe. They have a huge range of applications for creating all kinds of industrial products and consumer basics to make our life more practical, comfortable, and environmentally friendly. Polyurethane is made up of plastic material presented and is available in various forms. It can be used in various forms such as rigid or flexible and is preferred based on material in a wide range of applications. One such polyol is Repsol which offers a portfolio of polyether polyols developed with home-grown technology with a wide range of alternatives.

Middle East and Africa Polyols Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • Growing Demand For Polyurethane Foams

Polyols are one of the two main components used in the production of polyurethane foams, with the other component being isocyanates. Polyols are polymeric compounds that contain multiple hydroxyl (-OH) functional groups. They can be derived from various sources, such as petroleum, vegetable oils, or polyesters. In the manufacturing process of polyurethane foam, polyols are reacted with isocyanates to form a polymer network. The growing demand for polyurethane foams is expected to drive the Middle East and Africa polyol market. Polyurethane foams are versatile materials used in various industries such as construction, automotive, furniture, and packaging due to their excellent insulation, cushioning, and durability properties.

Opportunity

  • Increasing Demand For Polyols For Packaging Materials

The packaging materials are used to enclose, protect, and contain products for storage, distribution, and sale. Packaging serves various functions, including preserving the quality and integrity of products, ensuring their safety during transportation, providing information to consumers, and facilitating convenience in handling and storage. Packaging materials can be made from a wide range of materials, including plastics, paper and cardboard, glass, metals, and composite materials. Packaging materials play a vital role in ensuring the safety, preservation, and presentation of products. They contribute to the overall consumer experience and provide essential information about the product, such as ingredients, nutritional values, and usage instructions. Effective packaging materials help protect products from damage, extend their shelf life, and enhance their marketability

Restraints/Challenges

  • High Cost Associated With Polyols

The cost of polyols is dependent on various factors such as raw materials, manufacturing process, and market demand. The prices of raw materials used for the production of polyols, such as propylene oxide and ethylene oxide, are volatile and can fluctuate frequently, leading to an increase in the production cost of polyols. Additionally, the production process for polyols is complex and requires specialized equipment and expertise, leading to higher capital and operating costs.

  • Fluctuation In Raw Material Prices

The raw materials for polyol production can vary depending on the type of polyol being produced such as polyether polyols and polyester polyols.

Recent Developments

  • In September 2022, Covestro AG announced the launch of polyether polyols based on bio-circular raw materials. The company will be able to offer selective prepolymers for various adhesive applications and their customer base. The main components for polyurethanes will be based on alternative raw materials. This step helps the company to offer substitutes to various industries and enhance its brand image in the market.
  • In September 2022, Wanhua announced the launch of a new chemical that has developed a bio-based polyol to reduce its carbon footprint. The new bioproducts have been launched to contribute towards a sustainable environment and to increase production efficiency. This will help the company to enhance its product portfolio for the company.

Middle East and Africa Polyols Market Scope

The Middle East and Africa polyols market is segmented into three notable segments based type, application, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Polyether Polyols
  • Polyester Polyols 

On the basis of type, the Middle East and Africa polyols market is segmented into polyether polyols and polyester polyols.

Application

  • Flexible Polyurethane Foam
  • Rigid Polyurethane Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others

On the basis of application, the Middle East and Africa polyols market is segmented into flexible polyurethane foam, rigid polyurethane foam, coatings, adhesives & sealants, elastomers, and others.

End User

  • Construction
  • Furniture
  • Transport
  • Packaging
  • Carpet Backing
  • Others

On the basis of end user, the Middle East and Africa polyols market is segmented into construction, furniture, transport, packaging, carpet backing, and others.

Middle East and Africa Polyols Market Regional Analysis/Insights

Middle East and Africa polyols market is analysed, and market size insights and trends are provided by country, type, application, and end-use as referenced above.

The countries covered in the Middle East and Africa polyols market report are U.A.E., Saudi Arabia, Israel, Egypt, South Africa, and Rest of the Middle East and Africa.

The Saudi Arabia is expected to dominate the Middle East and Africa polyols market as Saudi Arabia has embarked on ambitious construction and infrastructure development projects, including commercial buildings, residential complexes, industrial facilities, and transportation infrastructure. Polyols are essential in construction applications like insulation materials, adhesives, sealants, and coatings. The demand for polyol-based products is driven by the need for energy-efficient and sustainable construction solutions.

The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Middle East and Africa Polyols Market Share Analysis

The Middle East and Africa polyols market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to Middle East and Africa polyols market.

Some of the major players operating in the Middle East and Africa polyols market are, Huntsman International LLC, Repsol, Biesterfeld AG, DIC CORPORATION, Tosoh Corporation, Arkema, BASF SE, Dow, Cargill, Incorporated, LANXESS, Shell plc, Mitsubishi Chemical Corporation, Vertellus, Wanhua, Stepan Company, Gulshan Polyols Ltd, Perstorp Holding AB (Subsidiary of PETRONAS Chemicals Group), Emery Oleochemicals LLC, Covestro AG, Coim Group, and Shakun Industries, among others.


SKU-

TABLE 1 MIDDLE EAST & AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 2 MIDDLE EAST & AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 3 MIDDLE EAST & AFRICA POLYETHER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 4 MIDDLE EAST & AFRICA POLYETHER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (MT)

TABLE 5 MIDDLE EAST & AFRICA POLYESTER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 6 MIDDLE EAST & AFRICA POLYESTER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (MT)

TABLE 7 MIDDLE EAST & AFRICA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 8 MIDDLE EAST & AFRICA FLEXIBLE POLYURETHANE FOAM IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 9 MIDDLE EAST & AFRICA RIGID POLYURETHANE FOAM IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 10 MIDDLE EAST & AFRICA COATINGS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 11 MIDDLE EAST & AFRICA ADHESIVES & SEALANTS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 12 MIDDLE EAST & AFRICA ELASTOMERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 13 MIDDLE EAST & AFRICA OTHERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 14 MIDDLE EAST & AFRICA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 15 MIDDLE EAST & AFRICA CONSTRUCTION IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 16 MIDDLE EAST & AFRICA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 17 MIDDLE EAST & AFRICA FURNITURE IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 18 MIDDLE EAST & AFRICA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 19 MIDDLE EAST & AFRICA TRANSPORT IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 20 MIDDLE EAST & AFRICA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 21 MIDDLE EAST & AFRICA PACKAGING IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 22 MIDDLE EAST & AFRICA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 23 MIDDLE EAST & AFRICA CARPET BACKING IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 24 MIDDLE EAST & AFRICA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 25 MIDDLE EAST & AFRICA OTHERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 26 MIDDLE EAST & AFRICA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 27 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY COUNTRY, 2021-2030 (USD MILLION)

TABLE 28 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY COUNTRY, 2021-2030 (MT)

TABLE 29 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 30 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 31 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 32 MIDDLE EAST AND AFRICA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 33 MIDDLE EAST AND AFRICA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 34 MIDDLE EAST AND AFRICA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 35 MIDDLE EAST AND AFRICA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 36 MIDDLE EAST AND AFRICA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 37 MIDDLE EAST AND AFRICA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 38 MIDDLE EAST AND AFRICA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 39 SAUDI ARABIA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 40 SAUDI ARABIA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 41 SAUDI ARABIA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 42 SAUDI ARABIA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 43 SAUDI ARABIA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 44 SAUDI ARABIA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 45 SAUDI ARABIA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 46 SAUDI ARABIA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 47 SAUDI ARABIA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 48 SAUDI ARABIA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 49 U.A.E. POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 50 U.A.E. POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 51 U.A.E. POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 52 U.A.E. POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 53 U.A.E. CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 54 U.A.E. FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 55 U.A.E. TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 56 U.A.E. PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 57 U.A.E. CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 58 U.A.E. OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 59 EGYPT POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 60 EGYPT POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 61 EGYPT POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 62 EGYPT POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 63 EGYPT CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 64 EGYPT FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 65 EGYPT TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 66 EGYPT PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 67 EGYPT CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 68 EGYPT OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 69 SOUTH AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 70 SOUTH AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 71 SOUTH AFRICA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 72 SOUTH AFRICA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 73 SOUTH AFRICA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 74 SOUTH AFRICA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 75 SOUTH AFRICA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 76 SOUTH AFRICA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 77 SOUTH AFRICA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 78 SOUTH AFRICA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 79 ISRAEL POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 80 ISRAEL POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 81 ISRAEL POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 82 ISRAEL POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 83 ISRAEL CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 84 ISRAEL FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 85 ISRAEL TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 86 ISRAEL PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 87 ISRAEL CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 88 ISRAEL OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 89 REST OF MIDDLE EAST AND AFRICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

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The Asia-Pacific Polyols Market is projected to grow at a CAGR of 4.3% during the forecast period by 2030.
The future market value of the Asia-Pacific Polyols Market is expected to reach USD 2,156.40 million by 2030.
The major players in the Asia-Pacific Polyols Market are Huntsman International LLC, Repsol, Biesterfeld AG, DIC CORPORATION, Tosoh Corporation, Arkema, BASF SE, Dow, Cargill, Incorporated, LANXESS, Shell plc, Mitsubishi Chemical Corporation, etc.
The countries covered in the Asia-Pacific Polyols Market are U.A.E., Saudi Arabia, Israel, Egypt, South Africa, and Rest of the Middle East and Africa.
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