Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Polyether polyols , Polyester polyols), By Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), By End Use Industry (Building & Construction, Automotive, Electronics) And Competitive Landscape
| Product Code: ETC4607697 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
According to 6Wresearch internal database and industry insights, the Asia Pacific Polyols Market was valued at USD 9.3 billion in 2024 and is projected to reach nearly USD 15.1 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% during the forecast period (2025-2031).
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2020 | 3.2 | Rising demand for polyurethane in construction, automotive, and consumer goods. |
| 2021 | 3.8 | Expansion in infrastructure projects and automotive manufacturing. |
| 2022 | 4.1 | Increased adoption of polyols in green building materials and energy-efficient products. |
| 2023 | 4.5 | Growth in end-use industries such as electronics, automotive, and packaging. |
| 2024 | 4.9 | Surge in demand for flexible polyurethane foam in the automotive and furniture sectors. |
The Asia Pacific Polyols Market report thoroughly covers the market by countries, type, application, and end-use industries. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
| Report Name | Asia Pacific Polyols Market |
| Forecast Period | 2025-2031 |
| Market Size | USD 15.1 billion by 2031 |
| CAGR | 7.4% |
| Growing Sector | Construction Sector |
The Asia Pacific polyols market is expected to witness strong growth during the forecast period. The market growth is fueled by the increasing demand for polyurethane in industries such as construction and electronics. Further, rising urbanization and expanding infrastructure development are expected to further drive market demand. Also, growing awareness of energy-efficient materials is acting as a growth driver. Consequently, government initiatives promoting sustainable construction and eco-friendly materials are expected to boost upmarket expansion. The demand for polyols in the production of flexible and rigid foams, coatings, adhesives, sealants, and elastomers is expected to continue to increase.
Below mentioned are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Infrastructure Development | Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE) | Increases demand for high-performance foams. |
| Green Building Initiatives | End Use Industry (Building & Construction) | Drives use of sustainable materials, boosting polyol demand. |
| Demand for Automotive Innovations | Application (Flexible Polyurethane Foam) | Increases need for lightweight, energy-efficient materials. |
| Increasing Disposable Income | End Use Industry (Electronics) | Raises demand for polyols in electronics manufacturing. |
Asia Pacific Polyols Market is expected to grow significantly, registering a CAGR of 7.4% during the forecast period of 2025-2031. The market growth is mainly driven by demand in both the automotive and infrastructure sectors due to increased focus on sustainability and energy efficiency. Moreover, demand for eco-friendly polyol-based products is being accelerated by government regulations promoting green building practices and sustainable manufacturing. The demand for polyol formulations is also being increased by the automotive and electronics sectors; thus, new innovations are being derived within this industry. The market is steadily growing towards environmentally friendly solutions.
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| Raw Material Price Fluctuations | Type (Polyether Polyols, Polyester Polyols) | Higher costs impact pricing and margins. |
| Supply Chain Disruptions | All applications and end-use industries | Delays in production and delivery slow growth. |
| Environmental Concerns | Type (Polyether Polyols) | Regulatory pressure may restrict petrochemical polyols. |
| Stringent Regulatory Standards | End Use Industry (Building & Construction, Automotive) | Increased compliance costs could slow market adoption. |
| Market Saturation in Developed Regions | Countries (Japan, Australia) | Growth potential is limited in mature markets. |
The Asia Pacific Polyols Industry encounters cost challenges due to fluctuating raw material prices, particularly for polyether and polyester polyols. Stringent environmental and regulatory standards in sectors like automotive, construction, and electronics demand constant innovation. The rising preference for sustainable alternatives forces manufacturers reliant on petrochemical-based polyols to adopt eco-friendly solutions while balancing production costs and regulatory compliance. Altogether, these factors are important to be dealt with for the smooth expansion of this industry within the forecasted period.
Some major trends contributing to the development of Asia Pacific Polyols Market Growth are:
Here are some investment opportunities in the Asia Pacific Polyols Industry:
Here are some top companies contributing to the Asia Pacific Polyols Market Share:
| Company Name | BASF SE |
|---|---|
| Headquarters | Ludwigshafen, Germany |
| Established Year | 1865 |
| Official Website | Click Here |
BASF is a global leader in chemical manufacturing, offering polyether polyols, polyester polyols, and other specialty chemicals used in applications like automotive, construction, and electronics.
| Company Name | Dow Inc. |
|---|---|
| Headquarters | Midland, Michigan, United States |
| Established Year | 1897 |
| Official Website | Click Here |
Dow provides high-performance polyol products and innovative solutions for a wide range of applications, including insulation, automotive, and flexible foams.
| Company Name | Repsol S.A. |
|---|---|
| Headquarters | Madrid, Spain |
| Established Year | 1987 |
| Official Website | Click Here |
Repsol offers a range of polyether polyols used for producing polyurethane foams, with a strong focus on sustainability and innovative production methods.
| Company Name | Huntsman Corporation |
|---|---|
| Headquarters | The Woodlands, Texas, United States |
| Established Year | 1970 |
| Official Website | Click Here |
Huntsman is a global manufacturer of polyether and polyester polyols, catering to the automotive, construction, and consumer goods industries with high-performance polyol solutions.
| Company Name | LG Chem |
|---|---|
| Headquarters | Seoul, South Korea |
| Established Year | 1947 |
| Official Website | Click Here |
LG Chem provides a diverse range of polyol products for polyurethane applications, focusing on energy-efficient and sustainable solutions for the building, automotive, and packaging industries.
Asian nations are implementing strict policies to promote sustainability and environmentally responsible manufacturing. In China, the government supports energy-efficient building materials through initiatives like the 13th Five-Year Plan for Ecological and Environmental Protection, which encourages the use of low-carbon polyols in construction. In Japan, the Top Runner Program establishes energy efficiency standards for products such as insulation foams that use polyols. In India, the Bureau of Energy Efficiency (BEE) promotes energy-efficient products, indirectly increasing demand for environmentally sustainable polyol-based materials.
The Asia Pacific polyols market is expected to grow steadily, driven by rising demand from the construction, automotive, and electronics sectors. Advancements in bio-based polyols and the increasing adoption of energy-efficient and smart products will further support market expansion. Additionally, government policies promoting green construction practices and sustainable manufacturing will play a crucial role in accelerating growth, boosting demand for eco-friendly, high-performance polyol solutions across the region.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Guneet Kaur, Senior Research Analyst, 6Wresearch, China leads the Asia Pacific polyols market due to its extensive industrial production and rapid urbanization. The country’s large-scale construction and automotive sectors significantly increase polyol consumption, making it a key growth driver.
Polyether polyols dominate the market because of their versatility and widespread application in producing flexible foams, insulation materials, and various polyurethane products. Their strong demand across construction, automotive, and electronics industries positions them as the preferred choice among manufacturers.
Flexible polyurethane foam leads the market, supported by its growing use in the automotive and furniture industries. It is widely utilized for cushioning, insulation, and energy absorption, offering durability, comfort, and versatility, which contributes to its high adoption rate.
The building and construction industry dominates polyol demand due to a rise in requirements for energy-efficient and sustainable building materials. Polyols play a vital role in the production of insulation foams and coatings, driving the need for eco-friendly, high-performance materials in modern construction projects.
Asia Pacific Polyols Market report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Asia Pacific Polyols Market Overview |
| 3.1 Asia Pacific Regional Macro Economic Indicators |
| 3.2 Asia Pacific Polyols Market Revenues & Volume, 2021 & 2031F |
| 3.3 Asia Pacific Polyols Market - Industry Life Cycle |
| 3.4 Asia Pacific Polyols Market - Porter's Five Forces |
| 3.5 Asia Pacific Polyols Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Asia Pacific Polyols Market Revenues & Volume Share, By Type, 2021 & 2031F |
| 3.7 Asia Pacific Polyols Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 3.8 Asia Pacific Polyols Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
| 4 Asia Pacific Polyols Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Asia Pacific Polyols Market Trends |
| 6 Asia Pacific Polyols Market, 2021 - 2031 |
| 6.1 Asia Pacific Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 6.2 Asia Pacific Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 6.3 Asia Pacific Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 7 China Polyols Market, 2021 - 2031 |
| 7.1 China Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 7.2 China Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 7.3 China Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 8 India Polyols Market, 2021 - 2031 |
| 8.1 India Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 8.2 India Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8.3 India Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 9 Japan Polyols Market, 2021 - 2031 |
| 9.1 Japan Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 9.2 Japan Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9.3 Japan Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 10 Australia Polyols Market, 2021 - 2031 |
| 10.1 Australia Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 10.2 Australia Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10.3 Australia Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 11 Indonesia Polyols Market, 2021 - 2031 |
| 11.1 Indonesia Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 11.2 Indonesia Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 11.3 Indonesia Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 12 Philippines Polyols Market, 2021 - 2031 |
| 12.1 Philippines Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 12.2 Philippines Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 12.3 Philippines Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 13 Malaysia Polyols Market, 2021 - 2031 |
| 13.1 Malaysia Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 13.2 Malaysia Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 13.3 Malaysia Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 14 Rest of Asia Polyols Market, 2021 - 2031 |
| 14.1 Rest of Asia Polyols Market, Revenues & Volume, By Type, 2021 - 2031 |
| 14.2 Rest of Asia Polyols Market, Revenues & Volume, By Application, 2021 - 2031 |
| 14.3 Rest of Asia Polyols Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
| 11 Asia Pacific Polyols Market Key Performance Indicators |
| 12 Asia Pacific Polyols Market - Opportunity Assessment |
| 12.1 Asia Pacific Polyols Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 12.2 Asia Pacific Polyols Market Opportunity Assessment, By Type, 2021 & 2031F |
| 12.3 Asia Pacific Polyols Market Opportunity Assessment, By Application, 2021 & 2031F |
| 12.4 Asia Pacific Polyols Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
| 13 Asia Pacific Polyols Market - Competitive Landscape |
| 13.1 Asia Pacific Polyols Market Revenue Share, By Companies, 2024 |
| 13.2 Asia Pacific Polyols Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14 Company Profiles |
| 15 Recommendations |
| 16 Disclaimer |