The Polyether Polyols Market was valued at USD 10.74 billion in 2017, and it is expected to grow at a higher CAGR of 6.61% in the global market to account for the higher market value of approximately USD 34.4 billion by the end of the forecasted period from 2021 to 2028 in the global market.

A compound made with multiple hydroxyl functional groups manufactured by reacting ethylene oxide and propylene oxide called polyether polyols. It can be water, sorbitol, sucrose, and glycerine. This compound is used as an intermediate material in various applications including flexible and rigid polyurethane foam, plasticizers, elastomers, adhesives and sealants, coatings, and many others. This compound also helps in reducing carbon emissions that propel the demand for rigid polyurethane foam.

COVID 19 Analysis

The global pandemic of COVID 19 has affected a large section of society. Most people have lost their livelihood because of this global pandemic. It has affected the growth and dynamics of several industries. Owing to the shortage of vaccines, everyone is concerned about their immunity and follows social distancing. With the increasing social distancing and contactless activities, the demand for the packaged industry has increased many folds. But due to the lockdown situation, most of the manufacturing units were shut down which resulted in a low supply of polyether polyols. The supply chain network was also disrupted which affected the revenues of many manufacturers.

The market is expected to recover from this global pandemic of COVID 19 in the third quarter of the coming year by properly strategizing according to the needs of the market.

Competitive Landscape

The most prominent major key players in the polyether polyols market all across the globe are mentioned below:

• Krishna Antioxidants Pvt. Ltd. (India)
• Arkema (France)
• AGC Chemicals Americas (US)
• Shell Chemicals (The Netherlands)
• Expanded Polymer Systems Pvt. Ltd. (India)
• Repsol (Spain)
• Cargill, Incorporated (US)
• Huntsman Corporation (US)
• DowDuPont (US)
• Covestro AG (Germany)
• Solvay (Belgium)
• BASF SE (Germany)

Market Dynamics

Drivers

Various factors drive the polyether polyols market in the global market. The use of polyether polyols inflexible and rigid foam in numerous applications boosts the market growth all across the globe. Polyurethane foam is made by reacting di-isocyanates with the polyether polyols. And rigid polyurethane foam is used in various building and construction industry which indirectly propels the demand for polyether polyols in the global market. The use of polyether polyols as an intermediate in different applications namely packaging, automobile, flooring, and furnishing boosts the market demand.

Opportunities

A rise in demand for polyether polyols. Owing to its ability to provide superior properties like resilience, comfort, durability, and lightweight it is used in various industries and hence provides various growth opportunities all across the globe. Also, increasing spending of individuals as well as the government for modern architecture and other construction industries provide growth opportunities for polyurethane foam and hence creates opportunities for polyether polyols as well during the forecasted period. Additionally, increasing demand for energy-efficient buildings provides various growth opportunities.

  Declaration:The article is quoted from marketresearchfuture

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