Global Market Study on Polyester Polyols: Elastomer Property Ideal for Manufacturing Footwear & Other Leather Products Driving Volume Growth

Polyester Polyols  Market
  • Published On : Jun-2020 |
  • Pages : 300 Pages |
  • Format : Polyester Polyols  Market Polyester Polyols  Market Polyester Polyols  Market Polyester Polyols  Market

Polyester polyols manufacturers have been focusing on product development, such as structural property development, alongside developing a diverse range of products for CASE (coatings, adhesives, sealants, and elastomers) applications. Manufacturers have been developing products that meet a diverse and demanding set of requirements. Polyester polyol products display advantages in polyurethane applications as well. Polyester polyols offer benefits in terms of hydrolytic stability based on their aromatic substitution pattern. That apart, various polyester polyols with high molecular weight have been developed, which are appropriate for polyurethane pre-polymer synthesis as well. Such advantageous characteristics are leading to the preferred use of polyester polyol products, thereby driving the growth of the global polyester polyols market size.

Bio-based Polyols Driving Momentum for Capacity Expansion

In recent times, manufacturers have been focusing on using eco-friendly raw materials, such as bio-succinic acid, for the manufacturing of polyester polyols, thereby reducing the environmental footprint considerably. This, in turn, has been translating into reduced performance penalty at a competitive cost, which has been encouraging manufacturers in the polyester polyols market to increase their production capacity to cater to the rising demand. Besides, this has also been causing reduced dependence on petroleum-based raw materials, which are highly susceptible to crude oil price fluctuations.  

Polyester Polyols Market Trends

In recent times, there has been positive developments in the production of aromatic polyester polyols from PET industrial wastes. This has been a key trend driven by the fact that, in 2013, China declared that it would no longer be accepting poor quality recyclable waste from foreign exporters. This has led to a focused process development of recycling polyethylene terephthalate (PET) bottles to manufacture aromatic polyester polyols. In the manufacturing process, some renewable resources such as oils or modified oils could also be introduced into the process before PET is added to adjust the properties of the APP; for example, for the improvement of the solubility of pentane or chlorinated hydrocarbons. Also, for any PET manufacturer, the performance of such a process would be beneficial, both, with respect to waste deployment as well as increase in profits from a side stream. PET recycling provides much higher profit margins as well. APP produced from this process leads to high performance polyurethanes with outstanding properties. Furthermore, these APPs are produced very economically, especially while using in-house waste from PET production.

Covid-19 Impact on Polyester Polyols Market

The covid-19 pandemic has impacted most industries across the world, including the polyester polyols market space. Due to lockdowns and restrictions on movement and trade, the supply chain has been disrupted, which has led to a shortage of raw materials. This, in turn, is affecting the potential growth of the polyester polyols market across the world.

Regional Outlook of Polyester Polyols Market

Rising demand for polyurethane and polyisocyanurate insulation foams for insulation applications has been contributing to the demand growth of the polyester polyols market. This has been proving to be an important driver, especially in developed regions such as North America and Europe. Besides, the demand for aromatic polyester polyols has also been on the rise in China, owing to the rising application in energy-efficient buildings products - an initiative aggressively promoted by the Chinese government.

Polyester Polyols Market Structure Analysis

  • Key manufacturers in the polyester polyols market are emphasizing on the growth of their businesses by launching more advanced and effective products, as well as expansion in emerging regions and collaborations with regional players in order to increase their presence and generate more revenue. In line with this, in 2017, The Dow Chemical Company collaborated with a Germany-based plant manufacturer H&S Anlagentechnik, to develop the market for recycled polyols manufactured from end-of-life mattresses, through its polyurethanes business unit - DowDuPont materials science division.
  • Major players in the polyester polyols market include BASF SE, The Dow Chemical Company, Stepan Company, Purinova LLC, Saudi Arabian Oil Company, Grupo Synthesia, Emery Oleochemicals, Huntsman Corporation, Myriant Corporation, Helios Group (Kansai Paint), Olean, Lanxess AG, Covestro AG, DIC corporation, INVISTA, and Aekyung Petrochemical Co., Ltd, among others.

Analysts’ Viewpoint

Key focus of players in the global polyester polyols market is on reduction of greenhouse gas emissions throughout the supply chain by reducing energy consumption and simultaneously increasing recycling. Most of these key players are reducing greenhouse gas emissions by up to 15% as compared to the previous year. Increasing focus can be put on the East Asia market, due to the rapid growth of end-use industries in the region.

Polyester Polyols Market – Report Scope

Persistence Market Research (PMR) recently published a study report on the global polyester polyols market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the polyester polyols market structure. This market research report presents exclusive facts and figures about how the polyester polyols market will grow over the forecast period.

Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the polyester polyols market over the forecast period.

The study is relevant for stakeholders in the polyester polyols market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the polyester polyols market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the micro- as well as macro-economic factors that are impacting the growth of the polyester polyols market. The study also offers actionable insights based on the future trends in the polyester polyols market. Furthermore, regional players and new entrants in the polyester polyols market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of Polyester Polyols Market

PMR’s study on the polyester polyols market is divided into four significant segments - product type, source, application, and region, so as to make the findings of the research report easier to understand for the readers, thereby allowing them to implement appropriate business strategies for the future. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Product Type




  • Aliphatic
  • Aromatic
  • Virgin Raw Material
  • Recycled Polyester
  • Panels & Boards
  • Flexible Foam
  • Spray Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA

Key Questions Answered in PMR’s Polyester Polyols Market Report

  • Which region is anticipated to hold a prominent market share in the global polyester polyols market over the forecast period?
  • What will be the key driving factors propelling the demand for polyester polyols during the forecast period?
  • How will current trends impact the polyester polyols market?
  • Who are the significant market participants in the polyester polyols market?
  • What are the crucial strategies of prominent players in the polyester polyols market to upscale their positions in this landscape?

Polyester Polyols Market: Research Methodology

In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the polyester polyols market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary, and primary research is utilized by analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred to by analysts during the evaluation of the polyester polyols market study, which comprises facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.

Comprehensive information acquired from primary and secondary resources is validated from companies operating in the market, to make PMR’s projections on the growth prospects of the polyester polyols market more accurate and reliable.

Companies covered in Polyester Polyols Market Report

  • The Dow Chemical Company
  • Stepan Company
  • Purinova LLC
  • Saudi Arabian Oil Company
  • Grupo Synthesia
  • Emery Oleochemicals
  • Huntsman Corporation
  • Myriant Corporation
  • Helios Group (Kansai Paint)
  • Olean
  • Lanxess AG
  • Covestro AG
  • DIC corporation
  • Aekyung Petrochemical Co., Ltd.
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