Polyols and Polyurethane

Polyols and Polyurethane Market Outlook

The global polyols and polyurethane market is poised for significant growth, with a market size projected to reach approximately USD 50 billion by 2035, reflecting a CAGR of 5.5% during the forecast period. The increasing demand for lightweight and high-performance materials across various industries, such as construction, automotive, and furniture, is a primary driving factor for this market. Additionally, the growing emphasis on energy efficiency and sustainability is propelling the demand for polyurethane-based products, particularly in insulation applications. The rising consumer preference for high-quality and durable goods is also contributing to the burgeoning market for polyols and polyurethane, as manufacturers seek innovative solutions to meet these evolving demands. Furthermore, the expansion of end-use industries, particularly in emerging markets, is expected to provide ample opportunities for market growth and diversification.

Growth Factor of the Market

The growth of the polyols and polyurethane market is significantly influenced by a number of factors that reflect the changing dynamics in multiple sectors. One of the primary drivers is the escalating demand for energy-efficient insulation materials, as industries strive to meet stringent energy regulations and consumer expectations for sustainability. Moreover, advancements in polyol technology have led to the development of specialty polyols, which offer enhanced properties and performance, thereby expanding application range. The automotive sector is also a critical growth factor, as polyurethane materials are increasingly utilized in lightweight components to enhance fuel efficiency and reduce emissions. Additionally, the rise of urbanization and infrastructure development, especially in emerging economies, has propelled the demand for polyurethane in construction applications. Lastly, the growing trend of customization in consumer products is prompting manufacturers to leverage polyols for unique formulations to cater to specific market needs.

Key Highlights of the Market

• The polyols and polyurethane market is projected to grow at a CAGR of 5.5% from 2025 to 2035.
• Increasing demand for energy-efficient insulation materials is driving market growth.
• The automotive sector is becoming a significant user of polyurethane for lightweight components.
• Emerging economies are witnessing a surge in construction activities, boosting the demand for polyurethanes.
• Technological advancements in polyol formulations are expanding the application range of polyurethanes.

By Product Type

Polyether Polyols:

Polyether polyols are a significant segment within the polyols and polyurethane market, known for their versatility and robust performance characteristics. These polyols are synthesized through the polymerization of ethylene oxide or propylene oxide, resulting in a flexible and durable structure which is particularly suitable for various applications. The growth of this segment can be attributed to the increasing demand for flexible foams, particularly in furniture and automotive seating. Furthermore, polyether polyols exhibit excellent resistance to hydrolysis, making them ideal for applications that require moisture resistance. The rising trend towards lightweight materials is further propelling the use of polyether polyols in the production of high-performance polyurethane foams. As manufacturers continue to innovate and develop new formulations, the polyether polyols segment is expected to witness sustained growth throughout the forecast period.

Polyester Polyols:

Polyester polyols are another crucial type within the polyols and polyurethane market, offering distinct advantages that cater to specific applications. These polyols are produced via the polycondensation of diols with dicarboxylic acids, resulting in a more rigid structure that is particularly effective for rigid foam applications. The demand for polyester polyols is driven by their superior mechanical properties and better thermal stability compared to their polyether counterparts, making them ideal for applications such as rigid insulation foams and coatings. As industries increasingly prioritize energy efficiency and sustainability, the use of polyester polyols in applications like foam insulation is projected to grow significantly. Moreover, these polyols are being used in innovative product formulations, enhancing their appeal in the automotive and construction sectors. The versatility of polyester polyols is facilitating their rising acceptance across various end-use applications.

Specialty Polyols:

Specialty polyols represent a dynamic and growing segment within the polyols and polyurethane market, characterized by their unique properties tailored for specific applications. These polyols are engineered to enhance performance attributes such as flexibility, strength, and thermal stability, making them suitable for high-performance applications in sectors like electronics and automotive. The increasing trend towards customization in product formulations is driving the demand for specialty polyols, as manufacturers seek to create differentiated products that meet specific end-user requirements. Additionally, the growing awareness of sustainability is prompting the development of bio-based specialty polyols, which are derived from renewable resources. This shift not only aligns with environmental goals but also opens new avenues for market growth. As innovation in specialty polyols continues, their application in niche markets is expected to expand, further solidifying their role in the polyols and polyurethane market.

Flexible Foam:

Flexible foam, derived from polyols and isocyanates, constitutes a significant segment of the polyols and polyurethane market, primarily utilized for its comfort and cushioning properties. This type of foam is widely used in various applications, including furniture, automotive seating, and bedding products. The growing consumer inclination towards comfort, coupled with an increase in disposable incomes, is driving the demand for flexible foams across the globe. The automotive industry, in particular, is leveraging flexible polyurethane foam for seating applications, enhancing passenger comfort while contributing to vehicle lightweighting efforts. Additionally, the rising trend of e-commerce and home delivery services is boosting the demand for flexible foams in packaging applications, ensuring product safety during transit. The versatility of flexible foam and its ability to be customized for various applications are key factors contributing to its sustained growth in the polyols and polyurethane market.

Rigid Foam:

Rigid foam is another vital segment within the polyols and polyurethane market, distinguished by its excellent thermal insulation properties, making it ideal for applications in construction, refrigeration, and packaging. This type of foam is characterized by its low thermal conductivity, which provides exceptional insulation performance, thereby aiding energy conservation efforts in buildings and appliances. The construction industry is a primary driver of the rigid foam segment, as builders increasingly adopt polyurethane rigid foams for insulation applications to meet stringent energy efficiency regulations. Additionally, the rising focus on sustainable building practices is further propelling the demand for rigid foams, as they contribute to energy savings and reduced carbon footprints. With ongoing advancements in rigid foam technology, such as the development of spray foam systems, the market is expected to witness robust growth throughout the forecast period.

By Application

Foam Insulation:

Foam insulation is a primary application of polyols and polyurethane, widely recognized for its superior thermal performance and energy efficiency. This application is increasingly utilized in residential and commercial construction to enhance building energy performance and reduce heating and cooling costs. The demand for foam insulation is being driven by stringent building codes and regulations that mandate improved energy efficiency in new constructions and retrofitting projects. Moreover, the growing awareness among consumers regarding energy conservation and sustainability is fueling the adoption of polyurethane foam insulation solutions. With continuous improvements in insulation technology, including the development of spray foam insulation systems, the market for foam insulation is projected to expand in alignment with the rising demand for sustainable construction practices.

Coatings:

Coatings made from polyols and polyurethane are critical for providing enhanced durability, weather resistance, and aesthetic appeal to various surfaces. This application is widely used in industries such as automotive, construction, and consumer goods, where protective coatings are essential for extending the lifespan of products. The growth of the coatings segment is driven by the increasing demand for high-performance coatings that offer superior protection against environmental factors such as UV rays, moisture, and abrasion. Additionally, the shift towards environmentally friendly and low-VOC (volatile organic compound) coatings is facilitating the growth of polyurethane coatings, as manufacturers seek to comply with stringent environmental regulations while meeting consumer preferences for eco-friendly products. The ongoing innovation in coating formulations is expected to further enhance the appeal of polyurethane coatings in various applications.

Adhesives:

Adhesives derived from polyols and polyurethane are essential in bonding applications across multiple industries, including construction, furniture, automotive, and electronics. These adhesives are recognized for their superior bonding strength, flexibility, and resistance to environmental factors, making them ideal for demanding applications. The growing trend of lightweight materials in the automotive and aerospace sectors is driving the demand for polyurethane adhesives, as they provide effective bonding solutions without adding significant weight. Furthermore, the increasing consumer preference for durable and high-quality products is propelling the adoption of polyurethane adhesives in the furniture and packaging industries. With ongoing advancements in adhesive formulations, including the development of bio-based polyurethane adhesives, this segment is expected to experience substantial growth in the coming years.

Sealants:

Sealants based on polyols and polyurethane are increasingly used in construction and manufacturing applications to provide airtight and watertight seals. These sealants are especially valued for their flexibility and durability, which allow them to withstand movement and temperature fluctuations without compromising their sealing performance. The demand for polyurethane sealants is being driven by the rising focus on energy efficiency in buildings, as effective sealing is essential for reducing energy loss and improving indoor comfort. Additionally, the growth of the construction industry and the increasing adoption of prefabricated building systems are further propelling the demand for sealants in construction applications. As manufacturers continue to innovate in sealant formulations, the polyols and polyurethane market is expected to see sustained growth in this application segment.

Elastomers:

Elastomers derived from polyols and polyurethane provide a unique combination of flexibility, resilience, and durability, making them suitable for various applications, including automotive parts, seals, and gaskets. The increasing demand for lightweight and high-performance materials in automotive and industrial applications is driving the growth of the elastomers segment. Polyurethane elastomers are particularly valued for their superior abrasion resistance and load-bearing capabilities, making them ideal for applications in harsh environments. The automotive sector is a significant consumer of polyurethane elastomers, as they are used in components to reduce weight while enhancing performance. Additionally, the trend towards customization in consumer products is further stimulating the demand for polyurethane elastomers, as manufacturers seek to develop tailored solutions for specific applications. Overall, the elastomers segment is poised for continued growth as innovation in polyurethane technology progresses.

By User

Construction:

The construction sector is a major end-user of polyols and polyurethane, leveraging these materials for a wide range of applications, including insulation, coatings, seals, and adhesives. The demand for energy-efficient construction practices is driving the adoption of polyurethane-based insulation solutions, which significantly improve thermal performance and reduce energy consumption in buildings. Additionally, the growing trend towards sustainable building materials is facilitating the use of eco-friendly polyurethane products in construction applications. As urbanization continues to accelerate globally, the construction industry is expected to witness substantial growth, further propelling the demand for polyols and polyurethane solutions. The increasing focus on renovation and retrofitting projects to improve energy efficiency in existing buildings is also contributing to the robust growth of polyurethane materials in this sector.

Automotive:

The automotive industry is a significant consumer of polyols and polyurethane, utilizing these materials in various applications, including seating, interior trim, and lightweight components. The rising focus on fuel efficiency and emissions reduction is driving the demand for lightweight materials in vehicles, leading to an increased adoption of polyurethane solutions. Additionally, polyurethane foams offer superior comfort and durability for vehicle interiors, enhancing consumer satisfaction. The ongoing shift towards electric vehicles (EVs) is also expected to bolster the demand for polyurethane materials, as manufacturers seek to optimize weight and performance in EV design. As the automotive industry continues to evolve with technological advancements and changing consumer preferences, the demand for polyols and polyurethane solutions is projected to grow steadily.

Furniture:

The furniture industry is another key end-user of polyols and polyurethane, primarily utilizing these materials in the production of comfortable and durable seating solutions. Polyurethane foams, known for their excellent cushioning properties, are widely employed in sofas, chairs, and mattresses, catering to consumer preferences for comfort and quality. The rising demand for high-quality and customizable furniture is further driving the adoption of polyurethane materials in this sector. Additionally, the growth of the e-commerce market is enhancing the demand for lightweight furniture products that incorporate polyurethane for improved portability and ease of shipping. As consumer trends continue to evolve towards stylish and functional furniture, the polyols and polyurethane market is expected to witness significant growth from the furniture segment.

Electronics:

The electronics sector is increasingly leveraging polyols and polyurethane materials for applications such as encapsulation, insulation, and protective coatings. The growing demand for smaller, lighter, and more efficient electronic devices is driving the adoption of polyurethane solutions, as these materials provide excellent electrical insulation and protection against environmental factors. Additionally, the rise of consumer electronics, including smartphones and wearable devices, is further propelling the demand for polyurethane materials that enhance durability and performance. As manufacturers continue to innovate with new polyurethane formulations tailored for electronic applications, the electronics segment is anticipated to contribute significantly to the overall growth of the polyols and polyurethane market.

Packaging:

The packaging industry is an emerging end-user of polyols and polyurethane, utilizing these materials for flexible and rigid packaging solutions. The demand for sustainable packaging materials is driving the adoption of polyurethane in this sector, as manufacturers seek to create lightweight and eco-friendly products that meet consumer preferences. Polyurethane foams are often used in protective packaging applications to safeguard goods during transit, ensuring they arrive at their destination intact. Furthermore, the trend towards e-commerce and online shopping is enhancing the demand for innovative packaging solutions that incorporate polyurethane for enhanced performance. As the packaging industry continues to evolve with changing consumer demands, the polyols and polyurethane market is expected to capitalize on new opportunities in this segment.

By Region

The regional analysis of the polyols and polyurethane market illustrates significant variations in demand and growth potential across different geographies. North America holds a substantial share of the market, with the United States being one of the largest consumers of polyols and polyurethane materials. The region's robust construction activities, along with the presence of well-established automotive and furniture sectors, contribute to the sustained demand for polyurethane products. The North American market is projected to grow at a CAGR of approximately 5% during the forecast period, driven by increasing investments in energy-efficient building technologies and innovative automotive solutions. Additionally, the rising focus on sustainable practices and eco-friendly materials is likely to enhance the market opportunities in this region.

In contrast, the Asia Pacific region is witnessing rapid growth in the polyols and polyurethane market, propelled by rapid industrialization and urbanization in countries like China and India. The region is anticipated to grow at a CAGR of around 6% during the forecast period, reflecting the increasing demand for construction materials, automotive components, and consumer products. The growing middle-class population and rising disposable incomes are further contributing to the expansion of the furniture and electronics sectors, which in turn propels the demand for polyurethane solutions. As countries in the Asia Pacific region continue to invest in infrastructure development and modernization, the polyols and polyurethane market is set to flourish in this dynamic landscape.

Opportunities

The polyols and polyurethane market is poised for numerous opportunities, particularly in the context of sustainability and technological advancements. With growing environmental concerns and stricter regulations surrounding emissions and energy efficiency, there is an increasing demand for eco-friendly polyurethane solutions. Manufacturers are presented with the opportunity to develop bio-based polyols and polyurethane products that cater to the preferences of environmentally conscious consumers. This shift towards sustainable materials not only aligns with global sustainability goals but also opens avenues for innovation and differentiation in a competitive market. Additionally, the rise of smart technologies in construction and manufacturing presents opportunities for incorporating advanced polyurethane materials that enhance performance and energy efficiency, positioning companies to capitalize on emerging trends.

Moreover, the expansion of end-use industries, particularly in emerging markets, is creating a wealth of opportunities for polyols and polyurethane manufacturers. As countries in Asia Pacific and Latin America experience rapid urbanization and infrastructure development, the demand for high-performance building materials and lightweight automotive components is expected to soar. Furthermore, the growing trend of customization in consumer products is prompting manufacturers to leverage polyols for tailored formulations that meet specific market needs. The ability to innovate and adapt to changing consumer preferences will be crucial for companies looking to seize opportunities in this evolving landscape. Overall, the polyols and polyurethane market is well-positioned for growth, provided that companies remain agile and responsive to emerging trends and market dynamics.

Threats

While the polyols and polyurethane market presents ample growth opportunities, it is not without its threats. One of the primary challenges facing the industry is the volatility in raw material prices, particularly the availability and cost of petrochemical derivatives from which polyols are derived. Fluctuations in crude oil prices can have a direct impact on production costs, affecting profitability for manufacturers and potentially leading to price increases for end consumers. Furthermore, the growing emphasis on sustainability is prompting regulatory scrutiny of traditional polyurethane materials, leading to significant investments in research and development of alternative materials that comply with environmental standards. This shift presents a potential threat to established players who may struggle to adapt to these changes while maintaining competitive pricing and product quality.

Another significant threat to the polyols and polyurethane market is the increasing competition from alternative materials and technologies. As industries seek to reduce their reliance on traditional plastics and polyurethanes, the emergence of bio-based and biodegradable materials presents a competitive challenge to established polyurethane products. The growing trend towards lightweight materials in automotive and aerospace applications is also driving interest in alternative composites that may substitute for polyurethane solutions. Companies operating in the polyols and polyurethane market must remain vigilant and proactive in their innovation efforts to address these competitive threats and ensure sustained market relevance.

Competitor Outlook

• BASF SE
• Covestro AG
• Huntsman Corporation
• Dow Inc.
• Wanhua Chemical Group Co., Ltd.
• Lanxess AG
• Repsol S.A.
• Covestro AG
• Aditya Birla Chemicals
• Kraton Corporation
• Evonik Industries AG
• Eastman Chemical Company
• OCI Company Ltd.
• Ferro Corporation
• Polynt S.p.A.

The competitive landscape of the polyols and polyurethane market is characterized by a diverse array of global and regional players, each vying to capture market share through innovation, product differentiation, and strategic partnerships. Major companies such as BASF SE, Covestro AG, and Huntsman Corporation dominate the market with their extensive product portfolios and research capabilities. These companies invest significantly in R&D activities to develop advanced polyurethane solutions that cater to evolving consumer demands and regulatory requirements. Additionally, mergers and acquisitions among key players are becoming more prevalent as companies seek to enhance their market presence and expand their product offerings. The competition is further intensified by the increasing focus on sustainability, prompting companies to innovate and develop bio-based and eco-friendly polyurethane products.

Several key players in the market are also exploring collaborations and partnerships to leverage technological advancements and enhance their production capabilities. For instance, Dow Inc. has been actively involved in strategic collaborations with industry stakeholders to develop novel polyurethane solutions tailored to specific applications. In contrast, Wanhua Chemical Group has focused on expanding its production capacity and product range to address the growing demand for high-performance polyols and polyurethanes in various sectors. As the polyols and polyurethane market continues to evolve, companies that prioritize innovation, sustainability, and customer-centric approaches are likely to maintain a competitive edge in this dynamic environment.

Furthermore, the competitive landscape is influenced by emerging players and startups that are introducing innovative technologies and sustainable solutions, thereby challenging established companies. These new entrants often focus on niche markets and specialized applications, offering unique formulations that cater to specific customer requirements. As the market landscape shifts with changing consumer preferences, established companies must remain agile and responsive to the evolving competitive dynamics. By continuously monitoring market trends and investing in innovation, major players can navigate the challenges and seize opportunities presented by the growing polyols and polyurethane market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Dow Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Lanxess AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Covestro AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Repsol S.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Polynt S.p.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 OCI Company Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Ferro Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Kraton Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Evonik Industries AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Huntsman Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Aditya Birla Chemicals
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Eastman Chemical Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Wanhua Chemical Group Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Polyols and Polyurethane Market, By User
    • 6.1.1 Construction
    • 6.1.2 Automotive
    • 6.1.3 Furniture
    • 6.1.4 Electronics
    • 6.1.5 Packaging
  • 6.2 Polyols and Polyurethane Market, By Application
    • 6.2.1 Foam Insulation
    • 6.2.2 Coatings
    • 6.2.3 Adhesives
    • 6.2.4 Sealants
    • 6.2.5 Elastomers
  • 6.3 Polyols and Polyurethane Market, By Product Type
    • 6.3.1 Polyether Polyols
    • 6.3.2 Polyester Polyols
    • 6.3.3 Specialty Polyols
    • 6.3.4 Flexible Foam
    • 6.3.5 Rigid Foam

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Polyols and Polyurethane Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Polyols and Polyurethane market is categorized based on

By Product Type

• Polyether Polyols
• Polyester Polyols
• Specialty Polyols
• Flexible Foam
• Rigid Foam

By Application

• Foam Insulation
• Coatings
• Adhesives
• Sealants
• Elastomers

By User

• Construction
• Automotive
• Furniture
• Electronics
• Packaging

By Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• Covestro AG
• Huntsman Corporation
• Dow Inc.
• Wanhua Chemical Group Co., Ltd.
• Lanxess AG
• Repsol S.A.
• Covestro AG
• Aditya Birla Chemicals
• Kraton Corporation
• Evonik Industries AG
• Eastman Chemical Company
• OCI Company Ltd.
• Ferro Corporation
• Polynt S.p.A.