North America Polyols Market Size, Share, Trends, Industry Analysis Report: By Product (Polyether Polyols and Polyester Polyols), Application, and Country (US and Canada) – Market Forecast, 2025–2034

North America Polyols Market Overview

The North America polyols market size was valued at USD 7.04 billion in 2024. The North America polyols industry is projected to grow from USD 7.33 billion in 2025 to USD 10.66 billion by 2034, exhibiting a CAGR of 4.2% during 2025–2034.

Polyols used in the manufacturing of adhesives, sealants, and rigid foams are typically polyether or polyester polyols, which react with isocyanates to form polyurethane. This chemical reaction produces materials that offer strong bonding, flexibility, and durability, making them ideal for applications in the construction, automotive, and packaging industries.

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Energy efficiency is a growing concern in North America, especially in the construction and building sectors. Polyols play a crucial role in creating polyurethane foam insulation, which helps regulate temperature and reduce energy consumption in both residential and commercial buildings. Energy-saving initiatives and green building standards are becoming more widespread across the region, leading to an increased demand for high-quality insulation materials made from polyols. Polyurethane foams are known for their superior thermal insulation properties, making them an ideal choice for improving energy efficiency in buildings. The growing focus on sustainability and reducing carbon footprints is driving the demand for polyol-based insulation products in North America, which drives the North America polyols market growth.

Innovations in manufacturing processes are making polyether and polyester polyols more efficient, cost-effective, and customizable for various applications. Improvements in production technology, such as higher yields, reduced waste, and better-quality control, are increasing the appeal of polyols in industries such as automotive, construction, and furniture. These advancements improve the performance of polyol-based products and support compliance with growing environmental and sustainability standards, thereby driving the North America polyol market demand.

North America Polyols Market Dynamics

Expansion of Automotive Industry

The expansion of the automotive industry in North America is driving the demand for polyether and polyester polyols due to their use in lightweight materials, which help improve fuel efficiency and reduce emissions. According to the USA Facts Organization, in 2022, the US auto industry employed 1.3% of the total US population, which showcases the expansion of the automotive industry. Polyols are key components in producing polyurethane foams used for car seats, dashboards, and insulation. Additionally, vehicle manufacturers are increasingly focusing on producing energy-efficient and eco-friendly cars, making polyols essential in reducing vehicle weight and enhancing comfort features. The shift toward lightweight, durable materials in the automotive sector is driving the demand for polyols. Hence, the expansion of the automotive industry boosts the North America polyol market development.

High Demand from Growing Construction Industry

The expansion of the construction industry in North America has led to an increase in demand for polyols. This growth is driven by rising spending in construction from government and private capitalists. According to the US Census Bureau, in December 2024, spending on construction was recorded at USD 2,192.2 billion. The rapid growth of residential, commercial, and infrastructure developments, particularly in urban areas, has increased the demand for these polyol-based products. This growth in the construction industry is fueling the need for polyol-based solutions, thereby driving the North America polyols market demand.

North America Polyols Market Segment Analysis

North America Polyols Market Assessment by Product Outlook

The North America polyols market assessment, based on product, is bifurcated into polyether polyols and polyester polyols. The polyester polyols segment is expected to witness a higher growth rate during the forecast period. These polyols are increasingly favored for their excellent durability, flexibility, and resistance to wear and tear, making them ideal for a wide range of applications in various end-use industries, including automotive, furniture, and construction. The growing demand for high-performance materials that offer both strength and sustainability is driving the demand for polyester polyols. Additionally, advancements in production techniques are improving the quality and cost-effectiveness of polyester polyols, further boosting their demand in industries looking for reliable, eco-friendly solutions, thereby driving the segmental growth in the North America polyols market report.

North America Polyols Market Evaluation by Application Outlook

The North America polyols market evaluation, based on application, includes rigid foam, flexible foam, coatings, adhesives & sealants, elastomers, and others. The flexible foam segment dominated the North America polyols market in 2024. Flexible polyurethane foams, made from polyols, are widely used in industries such as automotive, furniture, bedding, and packaging. These foams are valued for their comfort, durability, and versatility, especially in car seats, mattresses, and upholstered furniture. The growing demand for high-quality, long-lasting products in the end-use industries is driving the dominance of the flexible foams segment in the North America polyols market report.

North America Polyols Market Analysis by Country

By country, the study provides the North America polyols market insights into the US and Canada. In 2024, the US dominated the North America polyols market share, due to the expansion of its manufacturing sector. Industries such as automotive, construction, and furniture manufacturing are driving the demand for polyols, which are essential for producing materials such as foams, automotive coatings, and adhesives. Additionally, the ongoing focus on infrastructure development, energy-efficient building solutions, and automotive production is further boosting the demand for polyol-based products, thereby driving the US regional footprint in the North America polyols market report.

Canada is expected to record a significant share of the North America polyols market revenue during the forecast period due to significant government investments in the construction sector. The Canadian government has been focusing on infrastructure development and sustainable building practices, which is driving demand for polyol-based products, especially in insulation and energy-efficient solutions. These investments in residential, commercial, and public infrastructure projects are increasing the need for advanced materials such as polyurethanes, which offer durability and cost-effectiveness. Additionally, government initiatives to promote green building standards and environmental sustainability are boosting the demand for polyol-based solutions in construction, thereby driving the North America polyols market opportunity in Canada.

North America Polyols Market – Key Players & Competitive Analysis Report

The North America polyols market statistics is constantly evolving, with numerous companies striving to innovate and distinguish themselves. Leading global corporations dominate the market by leveraging extensive research and development, and advanced techniques. These companies pursue strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand into new markets.

New companies are impacting the North America polyols industry by introducing innovative products to meet the demand of specific market sectors. This competitive trend is amplified by continuous progress in product offerings. A few players in the North America polyols market include Dow; Shell; Huntsman International LLC.; Arkema; Sanyo Chemical America Incorporated.; Repsol; BASF; Everchem Specialty Chemicals.; Honeywell International Inc.; Mitsui Chemicals, Inc.; ADM; and Covestro AG.

The Dow Chemical Company, headquartered in Midland, Michigan, is a global materials science company. As a subsidiary of Dow Inc., a publicly traded holding company, Dow operates in ∼160 countries. Dow's business is organized into three primary segments—packaging & specialty plastics, industrial intermediates & infrastructure, and performance materials & coatings. The packaging & specialty plastics segment focuses on delivering polyolefin products and solutions. Dow produces a wide array of plastics, including polyethylene, polypropylene, polystyrene, and synthetic rubber. Additionally, the company's product portfolio includes ethylene oxide, acrylates, surfactants, cellulose resins, and agricultural chemicals such as Lorsban. Dow produces polyurethanes, which are utilized in various applications across the furniture, insulation, structural, and automotive markets. Dow's polyols improve polyurethane creation for foams and plastics in consumer, industrial, and insulation sectors. Their portfolio includes solutions for flexible slabstock, high load bearing, and molded applications, with options for tailored properties and reduced emissions. With a global footprint, Dow operates in Latin America, Asia Pacific, North America, Europe, the Middle East, and Africa. The company has manufacturing sites in 31 countries, demonstrating its extensive international presence.

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Arkema S.A., headquartered in Colombes, near Paris, is a global specialty materials manufacturer. The company focuses on three segments, including adhesive solutions, advanced materials, and coating solutions, along with an intermediates segment. Arkema directs the majority of its activities toward specialty materials. The company's strategy emphasizes stakeholder interaction and innovation across five research platforms to address prevalent global trends. Arkema's materials are used across industries such as automotive, cosmetics, aeronautics, packaging, electrics, and sporting goods. Its product range includes adhesives, polymers, additives, and coating resins, serving sectors such as agriculture, construction, consumer goods, and water treatment. Arkema's Realkyd polyester polyols improve coatings, elastomers, and adhesives with durability and chemical resistance. They are used in automotive, aircraft, and other applications requiring flexibility or solvent-free solutions. Arkema operates in 55 countries, with a geographical sales distribution that has evolved. The company has a notable presence in the US, Canada, Mexico, and various Asian countries, operating 151 industrial sites and 3 R&D hubs globally. Its research centers are located in North America, Europe, and Asia.

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List of Key Companies in North America Polyols Market

• ADM
• Arkema
• BASF
• Covestro AG
• Dow
• Everchem Specialty Chemicals.
• Honeywell International Inc.
• Huntsman International LLC.
• Mitsui Chemicals, Inc.
• Repsol
• Sanyo Chemical America Incorporated.
• Shell

North America Polyols Market Developments

In August 2024, Cargill launched three 100% bio-based polyols at FEICA 2024, held from September 11th to 13th in Noordwijkerhout, Netherlands, showcasing innovations in adhesives, sealants, and PU formulations.

In March 2023, Perstorp launched world-first 100% renewable-based polyols with a negative carbon footprint, showcasing Neeture N100 and Evyron T100. The products support sustainable sourcing and reduce carbon impact across various applications.

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North America Polyols Market Segmentation

By Product Outlook (Revenue USD Billion, 2020–2034)

• Polyether Polyols
• Polyester Polyols

By Application Outlook (Revenue USD Billion, 2020–2034)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

By Country Outlook (Revenue USD Billion, 2020–2034)

• US
• Canada

North America Polyols Market Report Scope

North America Pipeline Pigging Product Market, Product Outlook (Revenue - USD Billion, 2020-2034)

• Polyether Polyols
• Polyester Polyols

North America Pipeline Pigging Product Market, Application Outlook (Revenue - USD Billion, 2020-2034)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

North America Pipeline Pigging Product Market, Countries Outlook (Revenue - USD Billion, 2020-2034)

• U.S
  • Product Outlook
    • Polyether Polyols
    • Polyester Polyols
  • Application Outlook
    • Rigid Foam
    • Flexible Foam
    • Coatings
    • Adhesives & Sealants
    • Elastomers
    • Others
• Canada
  • Product Outlook
    • Polyether Polyols
    • Polyester Polyols
  • Application Outlook
    • Rigid Foam
    • Flexible Foam
    • Coatings
    • Adhesives & Sealants
    • Elastomers
    • Others

Qualitative Analysis

• Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
• Competitive landscape
  • Overview
  • Financials
  • Product benchmarking
  • Latest strategic developments
  • Price Trend Analysis

Quantitative Analysis

• Market size, estimates, and forecasts from 2020-2034
• Market revenue estimates for Product up to 2034
• Market revenue estimates for application up to 2034
• Market revenue estimates for End-Use up to 2034
• Countries market size and forecast up to 2034
• Company financials