The latest report by IMARC Group, titled “Asia Pacific Polyols Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Asia Pacific polyols market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.
Polyols are a group of organic compounds widely utilized in various industrial applications, notably in the production of polyurethane foams. These multifunctional alcohols are derived from petrochemical or natural sources, offering flexibility in their formulation. They are integral in creating flexible, rigid, and semi-rigid foams, coatings, adhesives, sealants, and elastomers. Their versatility stems from their ability to react with isocyanates to form polyurethanes, which are valued for their durability, insulation properties, and structural integrity. The usage of polyols extends to multiple sectors, including the automotive, construction, packaging, and furniture industries. The adaptability of polyols in crafting products ranging from comfortable furniture cushioning to insulative materials for buildings underscores their significance in modern manufacturing. At present, polyols have gained immense traction as a crucial component in various industries owing to their wide-ranging applications.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asia-pacific-polyols-market/requestsample
Soft Drinks Market Trends and Drivers:
The Asia Pacific polyols market is primarily driven by the rapid growth in end use industries and evolving consumer demands. Moreover, the expanding construction sector in the Asia Pacific region, where polyols are heavily utilized for insulation and sealants, enhancing energy efficiency in buildings, is fueling market growth. Additionally, significant expansion in the automotive industry, especially in countries like China and India, has catalyzed the demand for polyols in manufacturing comfortable, durable automotive interiors and energy-absorbing foam parts. The shift toward sustainable and eco-friendly products represents another major growth-inducing factor, prompting manufacturers to innovate bio-based polyols, which align with environmental regulations and consumer preferences for green products. Furthermore, the emerging furniture and bedding industry, coupled with improving living standards and elevating urbanization levels in the Asia Pacific, has augmented the demand for flexible foam polyols. In line with this, ongoing technological advancements and rising investments in research and development (R&D) are positively influencing market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Polyether Polyols
- Polyester Polyols
Breakup by Application:
- Flexible Polyurethane Foams
- Rigid Polyurethane Foams
- CASE (Coatings, Adhesives, Sealants & Elastomers)
- Others
Breakup by Industry:
- Carpet Backing
- Packaging
- Furniture
- Automotive
- Building & Construction
- Electronics
- Footwear
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
