Top Polyols Companies

Polyols Market size was valued at USD 28.54 Billion in 2024 and is poised to grow from USD 30.51 Billion in 2025 to USD 52.03 Billion by 2033, growing at a CAGR of 6.9% during the forecast period (2026–2033).

The global polyols industry is highly competitive, with a strong presence of global players focused on expanding their product offerings, improving manufacturing technologies and catering to the growing demand in various industries. BASF SE, Dow Inc., Cargill, Inc.; dominate the market, leveraging their extensive R&D capabilities to produce a wide range of polyols such as sorbitol, mannitol and xylitol. These companies have established robust distribution networks in North America, Europe and Asia Pacific, as they are major consumption centers. 'Wanhua Chemical Group (China)', 'Covestro (Germany) ', 'H.B. Fuller (USA) ', 'PCC SE (Germany) ', 'Manali Petrochemical (India) ', 'Poliya (Turkey) ', 'Emery Oleochemicals (USA) ', 'BASF (Germany) ', 'Dow Chemical Company (USA) ', 'Huntsman Corporation (USA) ', 'Shell Chemicals (Netherlands) ', 'Mitsui Chemicals (Japan) ', 'Bayer AG (Germany) ', 'Repsol (Spain) ', 'Stepan Company (USA) ', 'Mitsubishi Chemical Corporation (Japan) ', 'LG Chem (South Korea) ', 'KPX Chemical (South Korea)'

There is a focus on the production of bio-based polyols to reduce the carbon footprint and occurrence of pollution. Bio-based polyols are sourced from plant oils, such as rapeseed oil. They are also manufactured by following a special process where a reduction of all carboxyl groups creates primary and particularly high-quality polyols. They are often manufactured by renewable resource technologies, which helps to eliminate unwanted odors and address the demands of various industries by providing excellent performance and high levels of renewable content.

Rapid Industrialization & Urbanization in Developing Countries: The advancement in the automotive and construction industries combined with the growing demand is considered the major driver of global polyols market growth. For instance, polyurethane foams that are manufactured from polyols are gaining momentum in the automotive and construction industries for cushioning and bedding. The consumption of polyurethane foams surpassed the growth rate of 65% in recent years.

The Asia-Pacific region dominates the polyols market, accounted for over 50% of the market share. The growth of the polyols market in this region is attributed to rapid industrialization, economic growth, and increasing demand for polyurethane products. China and India are the major markets in this region, followed by Japan and South Korea. The Asia-Pacific region is expected to dominate the market. In APAC, China has the largest GDP economy. China and India are among the fastest emerging economies in the world. With the rising consumer spending and income level, the automobile, construction, and electrical and electronics industries are growing in the region.