The United States polyols market size reached US$ 1.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2032, exhibiting a growth rate (CAGR) of 1.9% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 1.2 Billion |
Market Forecast in 2032
|
US$ 1.4 Billion |
Market Growth Rate (2024-2032) | 1.9% |
Polyols are a group of organic compounds made up of different hydroxyl groups. Also known as sugar alcohols, polyols contain versatile carbohydrates with low calories and an identical taste and texture to table sugar. They are extensively utilized in the food and beverage industry as a sugar replacement in products like candies, chewing gums, ice creams, yogurts, and fruit spreads. Polyols are also employed in toothpaste, mouthwash, throat lozenges, and breath mints. In the chemical industry, they have applicability in the production of flexible and rigid polyurethane coatings, foams, sealants, elastomers and adhesives.
The United States represents one of the largest markets for polyols, primarily driven by product innovations. Polyol-based products have high durability, hardness and are light-weight, resistant to abrasion, and acts as insulating materials. Due to these properties, they are widely used in various sectors like electronics, footwear, packaging, and furniture. Besides this, the use of polyols-based foams in the automotive industry for the manufacturing of seating, headrest, armrest and ventilator headliners is also propelling the market growth. The market is further driven by the rising population and the growing demand for building materials, protective components, exterior panels, and housing electronics.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States polyols market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, application and industry.
Breakup by Type:
Breakup by Application:
Breakup by Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Type, Application, Industry, Region |
Region Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The United States polyols market was valued at US$ 1.2 Billion in 2023.
We expect the United States polyols market to exhibit a CAGR of 1.9% during 2024-2032.
The rising consumer consciousness towards their calorie intake, along with the increasing demand for polyols across the Food and Beverage (F&B) industry as artificial sweeteners to produce various sugar-free products, including chewing gum, candies, ice cream, etc., is primarily driving the United States polyols market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous production activities for polyols.
Based on the type, the United States polyols market has been categorized into polyether polyols and polyester polyols. Currently, polyether polyols account for the majority of the total market share.
Based on the application, the United States polyols market can be segregated into flexible polyurethane foams, rigid polyurethane foams, CASE (Coatings, Adhesives, Sealants & Elastomers), and others. Among these, flexible polyurethane foams currently exhibit a clear dominance in the market.
On a regional level, the market has been classified into Northeast, Midwest, South, and West.