Polyol Market Analysis and Forecast, 2030 chemanalyst.com
Polyol market grew at a significant rate in the past few years and is projected to grow at a CAGR of 5.34% during the forecast period. A Polyol is an organic compound containing multiple hydroxyl groups. These are naturally viscous liquids or waxy solids depending on hydroxyl content and molecular weight. The organic compound can be categorized into: Polymeric Polyols, Low molecular weight Polyols and Sugar Alcohol. Among these, Polymeric Polyols leads the market due to high demand of derivatives such as Polyether Polyols and Polyester Polyols. High demand of Polyether Polyols can be attributed to its use in the production of Polyurethane.
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