Polyols Market to Hit $22.49 Billion by 2031 as Polyurethane Demand Drives 5.1% CAGR
Updated
Updated · PR Newswire · Aug 7
Polyols Market to Hit $22.49 Billion by 2031 as Polyurethane Demand Drives 5.1% CAGR
3 articles · Updated · PR Newswire · Aug 7
Summary
$22.49 billion is the projected size of the global polyols market in 2031, up from $17.53 billion in 2026, according to a MarketsandMarkets forecast.
A 5.1% CAGR is being driven by rising polyurethane demand in construction, automotive, furniture and electronics, alongside growth in energy-efficient insulation, lightweight materials and high-performance coatings.
Asia Pacific led the market with a 45.3% share in 2025, while polyether polyols held 73.8% by type and building and construction accounted for 28.7% by end use.
Flexible polyurethane foam remained the largest application in 2025, reflecting broad use in furniture, bedding, automotive seating and packaging.
Investment activity also points to expansion: disclosed funding rose to $73.0 million in 2024 from $51.1 million in 2023 as producers backed sustainable and higher-capacity polyols output.