Global Polyether Polyols Market Size is Estimated to Grow to USD 38.25 Billion by 2035 | CAGR of 5.63%
Category: Chemicals & MaterialsGlobal Polyether Polyols Market Size is Estimated to Grow to USD 38.25 Billion by 2035
According to a research report published by Spherical Insights & Consulting, the Global Polyether Polyols Market is expected to grow from USD 20.95 billion in 2024 to USD 38.25 billion by 2035, at a CAGR of 5.63% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Polyether Polyols Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Flexible, Rigid, and Others), By End User (Automotive, Construction, Packaging, Furnishing, Electrical & Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/polyether-polyols-market
The polyether polyols market refers to the worldwide industry that focuses on manufacturing essential raw materials for polyurethanes, driven by its increased demand for flexible/rigid foams in furniture, bedding, and automotive. Polyether polyol is defined as the polymeric reaction product formed from an organic oxide and an initiator compound containing two or more active hydrogen atoms. Major brand names include Acclaim, Arcol, Multranol (Covestro), Voranol (Dow), and EXEFLEX/EXECOL (Expanded Polymer Systems). Development of high-performance, sustainable, and bio-based products in the automotive, construction, and furniture sectors and the strategic acquisition of shares are promoting the market expansion of the polyether polyols. An increased demand for polyether polyols in the automotive and construction sectors, as a critical raw material for polyurethane foams, coatings, and sealants, is driving the market. However, factors like raw price volatility, especially propylene oxide and an emerging micro-plastics legislation, are negatively affecting the market growth.
The rigid segment dominated the market with the largest share of about 51.9% in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the polyether polyols market is divided into flexible, rigid, and others. Among these, the rigid segment dominated the market with the largest share of about 51.9% in 2024 and is projected to grow at a substantial CAGR during the forecast period. Rigid polyurethane foam stands out as the most effective insulation material used to increase energy efficiency in the construction industry and support environmental sustainability. Government increased emphasis on energy conservation and building energy-efficient infrastructure is propelling the segmental market growth.
The construction segment accounted for the largest share of around 34.5% in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the polyether polyols market is divided into automotive, construction, packaging, furnishing, electrical & electronics, and others. Among these, the construction segment accounted for the largest share of around 34.5% in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Polyether polyols are used to produce high-performance polyurethane rigid foams, sealants, coatings, and adhesives, enhancing energy efficiency while providing structural durability, primarily for thermal insulation in walls, roofs, and pipes.
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Asia Pacific is expected to hold the majority share of the global polyether polyols market during the forecast period.
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Asia Pacific is expected to hold the majority share of about 44.5% in the global polyether polyols market during the forecast period. China is the dominant country in the Asia Pacific polyether polyols, owing to the increasing construction and automotive industries and the extensive use of polyether polyols in flexible and rigid polyurethane foams. Asia Pacific has a robust market ecosystem that includes the region’s localized supply chains, scale economies that benefit producers, and an integrated propylene-oxide assets. An increasing number of brands launching healthy beverages and snacks devoid of refined sugar also contributes to market growth of polyether polyols.
North America is anticipated to grow at the fastest pace of 4.8% CAGR in the global polyether polyols market during the forecast period. The United States is dominating the North America polyether polyols market due to its large, established chemical manufacturing base and an increasing demand across industries like automotive, construction, furniture, bedding, and advanced polyurethane processing infrastructure. In the regional market, automotive industry’s preference for polyol-based polyurethane, as well as the need for sustainable packaging solutions for the storage and transportation of perishable products, contributes to driving market demand.
Major vendors in the global polyether polyols market are Arpadis Benelux NV, BASF, China Petrochemical Corporation, CNOOC, Covestro AG, Dow, Expanded Polymer Systems Private Limited, Huntsman International LLC, Manali Petrochemicals Limited, Mitsui Chemicals, MOLGROUP, PCC Group, Purinova Sp. z o.o., Repsol, Shell plc, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In November 2025, American specialty chemicals company Monument kicked off the first US-based production of polyols made from renewable carbon at its Brandenburg, Kentucky facility, marking a major milestone in sustainable materials innovation. The new line, branded Poly-CO2, uses Econic Technologies’ proprietary process to replace fossil-based feedstocks with captured carbon dioxide, cutting global warming potential by 20–30%.
- In October 2025, United States-based Novoloop Inc. is advancing its circular plastics technology through a new manufacturing partnership with Shanghai Huide Science & Technology Co. Ltd. aimed at scaling chemically upcycled thermoplastic polyurethane (TPU) in China.
- In May 2024, Chimcomplex SA Borzesti, based in Onesti, Bacau county, wrapped up its project at the Rm Valcea plant. The initiative received co-financing through the “Business Development, Innovation, and SMEs” program, operating under contract number 2021/331014, with Innovation Norway overseeing the program.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the polyether polyols market based on the below-mentioned segments:
Global Polyether Polyols Market, By Product Type
- Flexible
- Rigid
- Others
Global Polyether Polyols Market, By End User
- Automotive
- Construction
- Packaging
- Furnishing
- Electrical & Electronics
- Others
Global Polyether Polyols Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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