Polyether Polyol Producers and Polyether Polyol Market Trend

According to Hdin research, the global polyether polyol market was valued at $7.86 billion in 2018 and is projected to reach $10.42 billion by 2023, with a CAGR of 5.8% from 2018 to 2023. Polyether polyols are an important raw material for the production of polyurethane products and are closely related to the development of the polyurethane industry.

Looking ahead, the global polyether polyol market is expected to continue to grow, with a projected market size of $13.36 billion by 2028 and a CAGR of 5.1% from 2023 to 2028. The increasing demand for polyurethane products in various industries, such as construction, automotive, and furniture, is expected to drive the growth of the polyether polyol market in the coming years.
In terms of the global market share of polyether polyol suppliers, DOW is the largest with a 17.0% share, followed by Covestro AG at 8.8%, BASF at 6.2%, Shell plc at 4.8%, Wanhua at 3.4%, JiaHua Chem at 2.8%, Ningwu at 2.3%, and Hongbaoli at 1.4%.

The Asia-Pacific region is the largest consumer of polyether polyols, accounting for over 40% of the global demand. Other significant markets include North America, Europe, and Latin America. Polyether polyols are used in a wide range of applications, including flexible and rigid foams, coatings, adhesives, sealants, and elastomers.

In conclusion, the polyether polyol market is a critical component of the polyurethane industry, with significant growth potential in the coming years. As the largest consumer of polyether polyols, the Asia-Pacific region will continue to be a key market for suppliers.