Market Size of Polyether 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 | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polyether Polyols Market Analysis
The Global Polyether Polyol Market is projected to register a CAGR of over 5% during the forecast period (2022-2027).
The outbreak of the novel coronavirus has impacted most of the chemical industries worldwide, including the polyether polyol industry. During the pandemic, many industries were affected due to supply chain disruption and lockdown. This led to the shortage of raw materials used in a manufacturing polyether polyol. Also, many end-user industries, including furniture and bedding, construction, automotive, electrical and electronics, and many others, shut down due to pandemics. That restricted the growth of the market. However, in 2022, the situation is coming on track, and now the market is stable and growing steadily.
- Over the short term, rising demand for rigid and flexible polyurethane foam in various applications positively impacts market growth. Furthermore, the rising demand from construction activities and growth in the automotive industry are some driving factors stimulating the market demand.
- Stringent government regulations on polyurethane foam manufacturing and volatile raw materials prices hinder the market's growth.
- Increasing worldwide interest in producing environmentally sustainable polyurethane foams materials using polyether polyols will likely create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
