Copolymer Polyols Market

Copolymer Polyols Market Analysis, By Type (Blended Copolymer Polyols (10%, 15%, 20%, 25%, and 30%-40%), Graft Polyols (40% and above)), Application, and Region - Market Insights 2023 to 2033

Analysis of Copolymer Polyols Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Copolymer Polyols Market Growth Outlook (2023 to 2033)

The global copolymer polyols market is set to estimate a valuation of US$ 1,956.2 million in 2023 and it is anticipated to grow at a CAGR of 6.0% to reach US$ 3,511.0 billion by the end of 2033.

Polyurethane foams made from copolymer polyols have a wide variety of applications. The two major types of flexible polyurethane foams made with copolymer polyols are moulded foam and slabstock. Owing to the rising demand for high-quality foaming applications, the global market for copolymer polymer is anticipated to witness lucrative opportunities during the forecast period.

Report Attributes


Copolymer Polyols Market Size (2022A)

US$ 1,845.6 Million

Estimated Market Value (2023E)

US$ 1,956.2 Million

Forecasted Market Value (2033F)

US$ 3,511.0 Million

Global Market Growth Rate (2023-2033)


North America Market Share (2023)


East Asia Market Growth Rate (2023-2033)

7.7% CAGR

East Asia Market Share (2023)


Key Companies Profiled

  • Dow
  • BASF SE (In Joint Venture with INEOS)
  • Covestro AG
  • Royal Dutch Shell Plc.
  • Oltchim SA
  • AGX Chemicals
  • KPX Chemicals

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Sales Analysis: Historic to Futuristic

Copolymer polyols are a type of polyol used in the production of polyurethane foams, coatings, and adhesives. They are formed by the copolymerization of two or more monomers, typically a polyether polyol and a polyester polyol, in the presence of a catalyst. The resulting copolymer polyol has a unique structure that can provide improved properties over traditional polyols, such as increased flexibility, higher tensile strength, and improved resistance to solvents and abrasion.

Copolymer polyols can also be used in textile finishing to improve the properties of fabrics, such as their water resistance, durability, and softness. Overall, copolymer polyols are versatile materials that have a wide range of applications.

  • Short Term (2023-2026): Increased demand for high-performance polyurethane foam products and the growing automotive industry will drive the market.
  • Medium Term (2026-2029): Asia Pacific and Europe are anticipated to witness high copolymer polyols demand on the back of favorable government policies and increasing construction activities due to the rising population.
  • Long Term (2029-2033): Increasing demand for sustainable and environmentally friendly products and the rising popularity of bio-based copolymer polyols will drive the copolymer polyols demand in the long term.

Over the 2018-2022 historical period, the global copolymer polyols market registered a CAGR of 5.5%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.0% CAGR between 2023 and 2033.

Copolymer polyols market size, share, growth, demand and sales forecast by Fact.MR

Market share analysis of copolymer polyols based on type and region is provided in a nutshell in the above image. Under the type segment, the blended segment dominates with an 96.7% market share in 2023.

Market Dynamics Overview

“Global Demand for Green Polyols and bio polyols on the Rise”

Bio-based copolymer polyols are made from renewable resources such as soybean oil, castor oil, and corn starch, which makes them an attractive alternative to traditional petrochemical-based polyols. They offer several benefits such as reduced carbon footprint, improved sustainability, and increased performance. Green polyol is derived from recycled polyethylene terephthalate (PET) and polyurethanes.

The two most widely used kinds of green polyols and bio polyols are polyether polyols and polyester polyols. They are used in a variety of products, including polyurethane foams, adhesives, sealants, and coatings (flexible & rigid). The increasing demand for energy-efficient buildings and green construction materials is expected to drive the demand for bio-based copolymer polyols in this industry.

The demand for bio-based copolymer polyols is expected to grow in the coming years due to increasing concerns over sustainability and environmental impact.

“Factor Affecting the Growth of Copolymer Polyols Market”

The copolymer polyols market relies heavily on the availability and price of raw materials, such as propylene oxide, ethylene oxide, and glycols. Any fluctuations in the prices of these raw materials can impact the cost of copolymer polyols and limit the market's growth potential.

Copolymer polyols are often used in the production of products that are subject to strict regulations, such as automotive and medical devices. Any changes in these regulations or the introduction of new regulations can limit the market's growth potential, as manufacturers may need to adapt to new requirements.

Although copolymer polyols have a wide range of applications, they may not be suitable for all products. Some products may require different materials, such as thermoplastics or composites, which could limit the market's growth potential in certain areas.

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Country-wise Insights

What is the Market Scenario for Copolymer Polyols in the U.S.?

The US is one of the prominent markets for polyurethane foam, which is a major application of copolymer polyols. The demand for polyurethane foam in the construction, automotive, and furniture industries is driving the growth of the copolymer polyols market in the US.

  • The National Association of Home Builders (NAHB) reports that the construction of new single-family homes in the US increased by 4.8% in January 2022 compared to the previous month, with the seasonally adjusted annual rate reaching 1.37 million units.

The United States copolymer polyols market is expected to expand at a CAGR of 5.2% creating an absolute $ opportunity of US$ 247.1 million between 2023 and 2033.

Why is the China Copolymer Polyols Market Expected to Be Highly Lucrative?

Copolymer polyols are a key ingredient in the production of polyurethane foam, which is used in a wide range of applications, including furniture, insulation, and packaging. The increasing demand for these products in China is driving the growth of the copolymer polyols market.

The Chinese government has introduced regulations to promote the use of environmentally friendly materials, including copolymer polyols. This has led to a growing demand for copolymer polyols that are made from renewable or recycled materials, such as soybeans and sugar cane.

China has a competitive manufacturing base for copolymer polyols, which is attracting investment from both domestic and international companies.

China’s market for copolymer polyols is expected to register a CAGR of 7.5% over the forecast period to reach a valuation of US$ 849.6 million by 2033.

Category-wise Insights

Why are Blended Copolymer Polyols Dominating the Market?

Globally, blended copolymer polyols’ value share contribution to the overall market revenue is significantly higher as compared to graft polyols. This is attributed to the strong demand for manufacturing different foaming applications used in the polyurethane industry.

Blended copolymer polyols are a mixture of two or more types of copolymer polyols, which can be customized to meet specific performance requirements for different applications.

One of the significant advantages of blended copolymer polyols is that they offer improved mechanical properties compared to traditional copolymer polyols. Blended copolymer polyols can be designed to have specific tensile strength, tear resistance, and elasticity to meet the needs of various industries such as automotive, construction, and furniture.

Owing to the above-mentioned factors, the demand for blended copolymer polyols is expected to be valued at US$ 1,891.8 million in 2023 and is estimated to expand at a CAGR of 6.0% during the forecast period.

Which Application of Copolymer Polyols is Gaining Traction?

Copolymer polyols are blends of two or more monomers, which offer superior properties compared to traditional polyols used in PU foam production. The ability of copolymer polyols to enhance the performance characteristics of molded PU foams is driving its acceptance in molded PU foam production.

Copolymer polyols offer cost savings as they require less isocyanate to produce molded PU foams, resulting in more efficient use of raw materials and lower production costs. As a result, manufacturers are increasingly adopting copolymer polyols in their production processes, which is driving the growth of the copolymer polyols market.

The application of copolymer polyols in molded polyurethane (PU) foam production is growing rapidly, and this trend is expected to drive the copolymer polyols market in the coming years.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Prominent copolymer polyols manufacturers are Dow, REPSOL SA, BASF SE (In Joint Venture with INEOS), Covestro AG, Royal Dutch Shell Plc., Oltchim SA, AGX Chemicals, and KPX Chemicals.

Market players are actively investing in research and development to offer sustainable and high-performance solutions for various applications, including copolymer polyols. Furthermore, partnerships and acquisitions are becoming more prevalent in the industry, as companies seek to expand their portfolio and strengthen their presence in the market.

  • In August 2021, Covestro AG announced the launch of its new bio-based polyurethane foam system, which uses up to 20% bio-based polyol made from recycled vegetable oils. The new product aims to offer sustainable and high-performance solutions for various applications, including insulation, automotive interiors, and footwear.
  • In March 2021, BASF SE announced the expansion of its production capacity for polyether polyols, including copolymer polyols, in China. The expansion aims to meet the increasing demand for sustainable solutions in various industries, including construction, automotive, and furniture.

Fact.MR has provided detailed information about the price points of key manufacturers of copolymer polyols positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Copolymer Polyols Industry Research

  • By Type :

    • Blended
      • 10%
      • 15%
      • 20%
      • 25%
      • 30%-40%
    • Graft Polyols (40% and above)
  • By Application :

    • Slabstock PU Foams Production
      • Furniture & Bedding Foams
      • Carpet Underlaying
      • Packaging Foams
    • Molded PU Foams Production
      • Automotive Seating
      • Energy-absorbing padding
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

What is the Global Copolymer Polyols Market Size?

The global copolymer polyols market is estimated to be valued at US$ 1,956.1 million in 2023.

How is the Market for Copolymer Polyols Expected to Fare Going Forward?

Worldwide demand for copolymer polyols is expected to reach US$ 3,511.0 million by 2033-end.

How did the Market Perform Over the Last Few Years?

During 2018-2022, the demand for copolymer polyols increased at 5.5% CAGR.

Which Regional Copolymer Polyols Market Accounts for a Leading Market Share?

East Asia is the crown of the global copolymer polyols market accounting for 28.1% market share in 2022.

Which Type of Copolymer Polyols Dominates the Market?

Blended copolymer polyols account for 96.7% share of global sales.

Copolymer Polyols Market