Market Size of Polyester Polyol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyester Polyol Market Analysis
The Global Polyester Polyol Market is projected to register a CAGR of about 5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. Due to the COVID-19 outbreak in the first half of 2020, the various end-user industries automotive, transportation, building & construction were significantly affected. However, the situation became stable in 2021 and the market is projected to grow steadily.
- Over the short term, rising demand for PU foam in various applications, and increasing demand for aromatic polyester polyol are some of the driving factors which are stimulating the market demand.
- Increasing prices of raw materials are hindering the market's growth.
- Increasing demand for bio-based raw materials to produce polyester polyol products is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
