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North America Polyols Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North America Polyols Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Jun 2023
  • North America
  • 350 Pages
  • No of Tables: 68
  • No of Figures: 25

North America 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 MILLION
Diagram Market Size (Forecast Year) USD 14,206.55
Diagram CAGR %

Major Markets Players

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North America 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.  

North America Polyols Market

North America 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 North America polyols market. However, environmental regulations and sustainability concerns, high costs associated with polyols are acting as a restraining factors for the growth of the North America 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 North America polyols market growth. However, fluctuations in raw material prices and technological limitations, and performance requirements are creating a challenging environment for the North America polyols market growth. 

North America Polyols MarketNorth America Polyols Market

Data Bridge Market Research analyses that the North America polyols market is expected to reach a value of USD 14,206.55 million by 2030, at a CAGR of 5.7% during the forecast period. The North America 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.S., Canada, and Mexico

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.

North America 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 North America 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.

North America Polyols Market Scope

The North America 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 North America 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 North America 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 North America polyols market is segmented into construction, furniture, transport, packaging, carpet backing, and others.

North America Polyols Market Regional Analysis/Insights

North America polyols market is analysed, and market size insights and trends are provided by country, type, application, and end user as referenced above.

The countries covered in the North America polyols market report U.S., Canada, and Mexico.  

The U.S. is expected to dominate the North America polyols market as it possesses a robust and advanced manufacturing infrastructure, which includes state-of-the-art facilities and technologies. This enables efficient production processes and ensures high-quality polyol products. The availability of skilled labor and technical expertise further strengthens the US manufacturing sector.

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 North America 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 North America Polyols Market Share Analysis

The North America 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, North America 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 North America polyols market.

Some of the major players operating in the North America 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 NORTH AMERICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 2 NORTH AMERICA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 3 NORTH AMERICA POLYETHER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 4 NORTH AMERICA POLYETHER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (MT)

TABLE 5 NORTH AMERICA POLYESTER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 6 NORTH AMERICA POLYESTER POLYOLS IN POLYOLS MARKET, BY REGION, 2021-2030 (MT)

TABLE 7 NORTH AMERICA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 8 NORTH AMERICA FLEXIBLE POLYURETHANE FOAM IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 9 NORTH AMERICA RIGID POLYURETHANE FOAM IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 10 NORTH AMERICA COATINGS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 11 NORTH AMERICA ADHESIVES & SEALANTS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 12 NORTH AMERICA ELASTOMERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 13 NORTH AMERICA OTHERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 14 NORTH AMERICA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 15 NORTH AMERICA CONSTRUCTION IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 16 NORTH AMERICA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 17 NORTH AMERICA FURNITURE IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 18 NORTH AMERICA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 19 NORTH AMERICA TRANSPORT IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 20 NORTH AMERICA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 21 NORTH AMERICA PACKAGING IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 22 NORTH AMERICA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 23 NORTH AMERICA CARPET BACKING IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 24 NORTH AMERICA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 25 NORTH AMERICA OTHERS IN POLYOLS MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 26 NORTH AMERICA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 27 NORTH AMERICA POLYOLS MARKET, BY COUNTRY, 2021-2030 (USD MILLION)

TABLE 28 NORTH AMERICA POLYOLS MARKET, BY COUNTRY, 2021-2030 (MT)

TABLE 29 NORTH AMERICA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 30 NORTH AMERICA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 31 NORTH AMERICA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 32 NORTH AMERICA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 33 NORTH AMERICA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 34 NORTH AMERICA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 35 NORTH AMERICA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 36 NORTH AMERICA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 37 NORTH AMERICA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 38 NORTH AMERICA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 39 U.S. POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 40 U.S. POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 41 U.S. POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 42 U.S. POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 43 U.S. CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 44 U.S. FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 45 U.S. TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 46 U.S. PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 47 U.S. CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 48 U.S. OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 49 CANADA POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 50 CANADA POLYOLS MARKET, BY TYPE, 2021-2030 (MT)

TABLE 51 CANADA POLYOLS MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 52 CANADA POLYOLS MARKET, BY END USER, 2021-2030 (USD MILLION)

TABLE 53 CANADA CONSTRUCTION IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 54 CANADA FURNITURE IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 55 CANADA TRANSPORT IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 56 CANADA PACKAGING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 57 CANADA CARPET BACKING IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 58 CANADA OTHERS IN POLYOLS MARKET, BY TYPE, 2021-2030 (USD MILLION)

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

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

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

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

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

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

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

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

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

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

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The North America Polyols Market is projected to grow at a CAGR of 5.7% during the forecast period by 2030.
The future market value of the North America Polyols Market is expected to reach USD 14,206.55 million by 2030.
The major players in the North America 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 North America Polyols Market are U.S., Canada, and Mexico.
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