Polyols Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, UK, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 175 SKU: IRTNTR71585

Polyols Market Forecast 2024-2028

The polyols market size is forecast to increase by USD 10.08 billion, at a CAGR of 5.96% between 2023 and 2028. Market growth hinges on multiple factors, notably the rising demand for polyols across various sectors. The electronics industry's escalating need for polyols, coupled with increased usage in the automotive and construction sectors, drives market expansion. Additionally, the growing application of polyurethane insulation in refrigeration appliances further propels growth. These trends reflect the versatility and utility of polyols, positioning them as indispensable components across diverse industries and underpinning the market's upward trajectory. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the  Market Size During the Forecast Period?

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Market Definition 

Polyols are a type of organic compound that contain multiple hydroxyl groups in their molecular structure. They are typically used as key ingredients in the production of polyurethane plastics, which are widely used in various industries, such as construction, automotive, furniture, and packaging. 

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Market Dynamics

Polyol is a crucial component in various industries, sourced from both plant-based raw materials and petrochemical-derived polyols. It serves as a key ingredient in the production of polyurethane systems, which find applications in vehicles, including passenger cars and commercial vehicles. Additionally, polyol is used in manufacturing cushions, carpets, corrugated boxes, and packaging goods such as plastic boxes and wooden boxes. With the growing demand for organic personal care products and low-calorie meals, bio-based polyols like soy-based bio polyols are gaining prominence, further driving the expansion of the polyol market. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Increasing demand for polyols in the automotive and construction industries is notably driving the polyols market growth. Polyols are essential in the production of polyurethane foams. Polyurethane foams are used in many end-user industries such as automotive, construction,  paints, and coatings. Polyurethane foams are widely used to make various automotive parts such as side skirts, wiper covers, roll bars, and bumpers. The market is expected to register moderate growth during the forecast period, owing to rising demand for automobiles. The development of polyurethane foams for insulation has increased the global demand for polyols. Polyurethane foams are widely used in automotive seats, headrests, armrests, headliners, dashboards, and instrument panels.

Additionally, the increasing use of polyurethane foams in the construction industry is a major driver of the market. Polyurethane foam provides a weatherproof seal and creates an insulating layer. They cover irregular and difficult-to-insulate shapes and fill gaps and seams. The growth of the construction industry has increased the demand for polyurethane foam. Rising demand for housing, hospitality, flooring, and home furnishings is expected to increase the consumption of polyurethane foam during the forecast period. Such factors are expected to boost the growth of the polyols market during the forecast period.  

Significant Market Trends 

A growing shift toward flexible polyurethane foams is the primary trend shaping the market. Flexible polyurethane foams are highly versatile materials with applications spanning from bedding and furniture to automotive seating. This trend is primarily driven by increasing consumer demand for comfort, durability, and customization in various end-user industries. In the automotive industry, flexible foams are utilized extensively in seating applications due to their ability to conform to complex shapes and provide superior comfort for passengers.

Furthermore, the rise in disposable income levels, particularly in emerging economies, is fueling the demand for premium and customizable furniture and automotive interiors, further driving the adoption. Manufacturers are also focusing on innovation to develop advanced formulations of flexible polyurethane foams that offer enhanced comfort, durability, and environmental sustainability, thereby catering to evolving consumer preferences and regulatory requirements. Thus, the growing shift toward flexible polyurethane foams will propel market growth during the forecast period.

Major Challenge

Stringent government regulations are the major challenge to market growth. Polyols are used in a variety of applications, including polyurethane foams, coatings, adhesives, and elastomers. The production and use of polyols are associated with environmental and health concerns, prompting governments around the world to introduce regulations to reduce their impact. One of the biggest regulatory challenges facing the market is the Restriction of Hazardous Substances (RoHS) Directive, which restricts the use of certain substances such as lead, mercury, and cadmium in electrical and electronic equipment.

Moreover, another regulatory challenge for the market is the REACH regulation, which regulates the production, importation, and use of chemicals in the EU. Under REACH, companies that manufacture or import chemicals, including polyols, must register them with the European Chemicals Agency and prove that they are safe to use. Thus, such factors are expected to hinder the growth of the market during the forecast period. 

Segmentation by Type, Application, and Geography

Polyol manufacturers play a pivotal role in meeting the demand for various applications, including rigid foams used in automotive and refrigeration sectors. These manufacturers also cater to industries requiring corrugated boxes, ensuring efficient packaging solutions. With applications extending to the food and beverage industry, polyol suppliers ensure a steady supply chain of polyisocyanurate, a critical component in several food-related products and packaging materials.

Type Analysis

The market share growth by the polyether polyols segment will be significant during the forecast years. Polyether polyol is formed by the polymeric reaction between an organic oxide and an initiator compound that has two or more active hydrogen atoms. In the presence of a base catalyst, the active hydrogen compound initiates oxide addition until the desired molecular weight is obtained. Rigid polyurethane foams are used in commercial refrigeration and packaging.

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The polyether polyols segment accounted for USD 19.94 billion in 2018. Further, various types of environment-friendly blowing agents, such as HFC 365mfc and HFC 245fa, are used to fabricate rigid polyurethane foams from crude methylene diphenyl diisocyanate and polypropylene glycols. Also, new variants of polyurethane foams are being launched in the market. For instance, in September 2022, Covestro launched sustainable based on bio-circular raw materials. Such factors are expected to drive the growth of the segment in the market during the forecast period.

Application Analysis 

Flexible polyurethane foam is lightweight, durable, and comfortable. It can be cast into a variety of shapes and is commonly used in bedding, furniture, packaging, carpet underlays, and a variety of upholstery products used in automotive interiors. Further, the environmental benefits of flexible polyurethane foams include clean combustion, pollution filtering, and waste reduction. They are highly recyclable and sustainable materials. Factors such as growth in the furniture, construction, transportation, electronics, and packaging industries and economic growth in APAC and other emerging markets are expected to increase the demand for flexible polyurethane foam during the forecast period. 

Region Analysis

APAC is estimated to contribute 40% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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The number of construction projects in India is expected to increase during the forecast period, as the government is expected to implement numerous development projects. Polyols are widely used as building insulation in construction projects. The construction industry in China, Vietnam, Indonesia, and Thailand will show moderate growth during the forecast period. The increase in residential, non-residential, and public infrastructure projects, especially in India, China, Malaysia, and other developing countries, will lead to increased consumption of polyurethane foam in this region. The construction industry in India is growing due to factors such as increasing purchasing power and urbanization.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • COIM Spa: The company offers polyols such as DIEXTER polyester polyols with high abrasion resistance, excellent ultimate elongation, chemical resistance and resistance to solvents, and Isoexter polyols for polyurethane rigid foams.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Arkema Group, BASF SE, Covestro AG, DIC Corp., Dow Chemical Co., Evonik Industries AG, Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., N Shashikant and Co., Nippon Shokubai Co. Ltd., Otto Chemie Pvt. Ltd., POLYOLS and POLYMERS PVT. LTD., Shakun Industries, Shell plc, Stepan Co., Thermo Fisher Scientific Inc., Wanhua Chemical Group Co. Ltd., and Repsol SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028. 

  • Deployment Outlook 
    • Polyether polyols
    • Polyester polyols
  • Application Outlook
    • Flexible polyurethane foams
    • Rigid polyurethane foams
    • CAS and E
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market plays a pivotal role in various industries, particularly in automakers, where they're utilized for producing car seats, carpet backing, and footwear cushioning. Derived from natural raw materials like plant oils such as rapeseed oil and soy-based polyols, they contribute to renewable polyurethanes. Used extensively in furniture production for mattresses, pillows, and furniture cushions, they also find applications in healthcare packaging and labelled dairy products. Additionally, they're integral in building insulation, decorative paints, and flooring systems, offering thermal insulation and contributing to environmental sustainability by reducing carbon footprints.

Further, the market is experiencing robust growth driven by various sectors such as the furniture industry, building insulation, and automakers. Derived from renewable biomass like corn stalks and natural oil polyols, they serve as key components in producing rigid polyurethane foam used in thermal insulation materials for refrigerator and freezer production. They are also crucial in coil coatings, Venetian blinds, and doors, providing durability and weather resistance. Additionally, they are used in sugar-free sweeteners like erythritol and sorbitol, contributing to weight management and addressing type-2 diabetes concerns, making them essential in the low-calorie food industry.

Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.96%

Market Growth 2024-2028

USD 10.08 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.4

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, India, UK, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, BASF SE, COIM Spa, Covestro AG, DIC Corp., Dow Chemical Co., Evonik Industries AG, Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., N Shashikant and Co., Nippon Shokubai Co. Ltd., Otto Chemie Pvt. Ltd., POLYOLS and POLYMERS PVT. LTD., Shakun Industries, Shell plc, Stepan Co., Thermo Fisher Scientific Inc., Wanhua Chemical Group Co. Ltd., and Repsol SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global polyols market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global polyols market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Polyether polyols - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Polyether polyols - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Polyether polyols - Year-over-year growth 2023-2028 (%)
    • 6.4 Polyester polyols - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Polyester polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Polyester polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Polyester polyols - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Polyester polyols - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Flexible polyurethane foams - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Flexible polyurethane foams - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Flexible polyurethane foams - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Flexible polyurethane foams - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Flexible polyurethane foams - Year-over-year growth 2023-2028 (%)
    • 7.4 Rigid polyurethane foams - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Rigid polyurethane foams - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Rigid polyurethane foams - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Rigid polyurethane foams - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Rigid polyurethane foams - Year-over-year growth 2023-2028 (%)
    • 7.5 CAS and E - Market size and forecast 2023-2028
      • Exhibit 56: Chart on CAS and E - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on CAS and E - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on CAS and E - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on CAS and E - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Arkema Group
              • Exhibit 115: Arkema Group - Overview
              • Exhibit 116: Arkema Group - Business segments
              • Exhibit 117: Arkema Group - Key news
              • Exhibit 118: Arkema Group - Key offerings
              • Exhibit 119: Arkema Group - Segment focus
            • 12.4 BASF SE
              • Exhibit 120: BASF SE - Overview
              • Exhibit 121: BASF SE - Business segments
              • Exhibit 122: BASF SE - Key news
              • Exhibit 123: BASF SE - Key offerings
              • Exhibit 124: BASF SE - Segment focus
            • 12.5 COIM Spa
              • Exhibit 125: COIM Spa - Overview
              • Exhibit 126: COIM Spa - Product / Service
              • Exhibit 127: COIM Spa - Key news
              • Exhibit 128: COIM Spa - Key offerings
            • 12.6 Covestro AG
              • Exhibit 129: Covestro AG - Overview
              • Exhibit 130: Covestro AG - Business segments
              • Exhibit 131: Covestro AG - Key news
              • Exhibit 132: Covestro AG - Key offerings
              • Exhibit 133: Covestro AG - Segment focus
            • 12.7 DIC Corp.
              • Exhibit 134: DIC Corp. - Overview
              • Exhibit 135: DIC Corp. - Business segments
              • Exhibit 136: DIC Corp. - Key news
              • Exhibit 137: DIC Corp. - Key offerings
              • Exhibit 138: DIC Corp. - Segment focus
            • 12.8 Dow Chemical Co.
              • Exhibit 139: Dow Chemical Co. - Overview
              • Exhibit 140: Dow Chemical Co. - Business segments
              • Exhibit 141: Dow Chemical Co. - Key news
              • Exhibit 142: Dow Chemical Co. - Key offerings
              • Exhibit 143: Dow Chemical Co. - Segment focus
            • 12.9 Evonik Industries AG
              • Exhibit 144: Evonik Industries AG - Overview
              • Exhibit 145: Evonik Industries AG - Business segments
              • Exhibit 146: Evonik Industries AG - Key news
              • Exhibit 147: Evonik Industries AG - Key offerings
              • Exhibit 148: Evonik Industries AG - Segment focus
            • 12.10 Huntsman International LLC
              • Exhibit 149: Huntsman International LLC - Overview
              • Exhibit 150: Huntsman International LLC - Business segments
              • Exhibit 151: Huntsman International LLC - Key news
              • Exhibit 152: Huntsman International LLC - Key offerings
              • Exhibit 153: Huntsman International LLC - Segment focus
            • 12.11 Lanxess AG
              • Exhibit 154: Lanxess AG - Overview
              • Exhibit 155: Lanxess AG - Business segments
              • Exhibit 156: Lanxess AG - Key news
              • Exhibit 157: Lanxess AG - Key offerings
              • Exhibit 158: Lanxess AG - Segment focus
            • 12.12 Mitsui Chemicals Inc.
              • Exhibit 159: Mitsui Chemicals Inc. - Overview
              • Exhibit 160: Mitsui Chemicals Inc. - Business segments
              • Exhibit 161: Mitsui Chemicals Inc. - Key offerings
              • Exhibit 162: Mitsui Chemicals Inc. - Segment focus
            • 12.13 N Shashikant and Co.
              • Exhibit 163: N Shashikant and Co. - Overview
              • Exhibit 164: N Shashikant and Co. - Product / Service
              • Exhibit 165: N Shashikant and Co. - Key offerings
            • 12.14 POLYOLS and POLYMERS PVT. LTD.
              • Exhibit 166: POLYOLS and POLYMERS PVT. LTD. - Overview
              • Exhibit 167: POLYOLS and POLYMERS PVT. LTD. - Key offerings
            • 12.15 Repsol SA
              • Exhibit 168: Repsol SA - Overview
              • Exhibit 169: Repsol SA - Business segments
              • Exhibit 170: Repsol SA - Key offerings
              • Exhibit 171: Repsol SA - Segment focus
            • 12.16 Shell plc
              • Exhibit 172: Shell plc - Overview
              • Exhibit 173: Shell plc - Business segments
              • Exhibit 174: Shell plc - Key news
              • Exhibit 175: Shell plc - Key offerings
              • Exhibit 176: Shell plc - Segment focus
            • 12.17 Stepan Co.
              • Exhibit 177: Stepan Co. - Overview
              • Exhibit 178: Stepan Co. - Business segments
              • Exhibit 179: Stepan Co. - Key offerings
              • Exhibit 180: Stepan Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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