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Top 10 Polyether Polyol Manufacturers in the World

2018
In the modern economic age, polyols have emerged as a lucrative and indispensable class of
industrial chemicals. According to Technavio’s latest industry research report on this topic, the
global polyol market was worth over US$ 20 billion at the end of 2017, while the world’s top 10
polyether polyol manufacturers are dominating the market with some of the highest polyol
productions every year. Unsurprisingly, the global polyol market’s gainful march will continue in the
years after 2017, powered by the innovation and demand appeasement capabilities of the largest
polyether polyol manufacturers in the world.

We are listing the top 10 polyether polyol manufacturers in the world. These largest polyol
producers are expected to play a crucial role in the global polyol market’s fortunes through 2018 –
2022.

For more market intelligence about the global polyols market size, largest polyether polyol
manufacturers, and future trends in the global polyols market, please check Technavio’s Global
Polyols Market Report 2018-2022, or download Free Global Polyols Market Report Sample
NOW!

Top 10 Polyether Polyol Manufacturers in the World

2018
BASF

BASF (Badische Anilin und Soda Fabrik) is a renowned German chemical company that is also the
largest chemical producer in the world. The company is headquartered in Ludwigshafen, Germany
and was founded 153 years ago, on 6th April 1865. In 2017, the company earned a net revenue of €
64.475 billion.

BASF manufactures and markets the ever-in-demand polyether polyols (PEOL) under the brand
names, Lupranol® and Pluracol®. Popular polyurethane products like foams, adhesives,
elastomers and sealants are produced by reacting hydroxylfunctional polyols with aromatic or
aliphatic diisocyanates. BASF’s polyol-based products are marketed in over 80 countries worldwide,
with the company’s general customer base extending to 190+ countries.

Find out BASF’s market in the global polyol market 2018

Cargill, Incorporated

As for the largest polyether polyol manufacturers in the world, Cargill is a definite pack-leader. The
company is headquartered in Minnesota, USA, and was founded 153 years ago in the year 1865.
Cargill holds the distinction of being the largest privately held corporation in the US in terms of
revenue. The company employs 155,000 people across 66 countries and at the end of the fiscal year
2017-18, the company recorded a net revenue of US$ 114.7 billion at a 5% increment over the
previous year.

Cargill is one of the world’s largest polyol producers. On offer is a wide range of polyols including

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erythritol, glycerin, sorbitol, mannitol, isomalt, xylitol and maltitol. These are used across a range of
industrial applications, including as emulsion stabilizers, functional fluids, plasticizers, and the
designated polyol additive for polyurethane and alkyd resins.

DowDuPont

Formed after the merger of Dow Chemical and DuPont on August 31, 2017, DowDuPont is one of
the world’s largest chemical company in terms of sales. The unified company is reported to be worth
an estimated US$ 130 billion and closed out the 2017-18 fiscal year with a net revenue of US$ 62.48
billion. In 2019, DowDuPont is set for more dynamic maneuvers by splitting into three publicly
traded companies: Corteva Agriscience (Agriculture), Dow (Materials sciences) and DuPont
(Specialty products).

Dow Polyurethanes is a premier material science business division of DowDuPont and is

currently launching an innovative new range of co-polymer polyols (CPPs). Targeted at the flex
foam industry, Dow is marketing four new CPPs namely, VORALUXTM HL 500, VORALUXTM HL
510, VORALUXTM HL 515, VORALUXTM HL 525. These will likely find prime application in the
automotive, furniture and bedding industries.

Lanxess Aktiengesellschaft
Germany’s Lanxess is a leading supplier of hot-cast prepolymers. Founded in 2004 and based in
Cologne, Lanxess Aktiengesellschaft recorded a profitable 2017-18 fiscal year with net income
of € 379 million. In 2016, the company acquired prominent US chemicals company Chemtura to
gain a foothold in the additives for lubricants and fire retardants market.

Lanxess’s in-house Urethane Systems business unit is a prominent manufacturer of hot-cast

prepolymers, with particular expertise in aqueous urethane dispersions and polyester polyols. These
find wide application in such diverse industrial domains as mining, oil and natural gas,
construction, electronics industry, etc.

Mitsui Chemicals
Founded in 1997 and headquartered in Tokyo, Japan, Mitsui Chemicals is one of the largest
polyether polyol manufacturers in the APAC region, especially Japan, China and Southeast Asia.
The company is also generating a fair bit of interest across Europe and the United States of America.
Mitsui Chemicals deals primarily with petrochemicals, performance materials, functional polymeric
materials and other basic chemicals.

OLESTER™ is a group of trademarked acrylic resin and polyurethane resin that finds popular
application as coating materials. Particularly, OLESTER™ Q type is an acrylic polyol that’s widely
used for two-pack type polyurethane type coatings. Additionally, Mitsui’s JV with SKC
Polyurethanes Inc. has resulted in the setting up of its bio-polyol manufacturing company in India.
The JV is named, Vithal Castor Polyols Pvt. Ltd., and renders Mitsui Chemicals as a numero uno
force when it comes to the Asian polyol market.

Find out other major polyether polyol manufacturers in Asia

Shell International

A 111 year old goliath in the global oil and natural gas industry, Shell is headquartered in the
Netherlands and incorporated in the United Kingdom. In terms of the 2016 revenues, this

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‘supermajor’ oil and gas undertaking was ranked the sixth largest company in the world. Amongst a
wide array of business interests, its chemical companies have emerged as a dominant supplier of
polyether polyols. The latter is a key component in the production of polyurethanes including the
foam used in beddings, furniture and insulation. Additional applications include adhesives, sealants
and coatings as applicable across a multitude of industrial specialties.

Shell markets its polyether polyols under the brand name CARADOL. The latter is primarily
derived from propylene oxide, which upon reaction with isocyanates produce the polyether polyols,
applicable across a range of aforementioned product applications.

Covestro

Formerly known as Bayer MaterialScience, Covestro is positioned as the successor to the erstwhile
chemicals industry giant. Founded in 2015, Covestro specializes in the manufacture of coatings,
adhesives, polyurethanes and polycarbonates. Makrolon, Covestro’s brand of extremely high
impact resistant plastic, is gaining a wide and authoritative foothold across the world.
Developments such as this have helped Covestro register a Q1, 2018 profit of € 1,431 million.

Covestro markets its polyols under the following brand names: Acclaim®, Arcol®, Baygal®,
Desmophen®, Hyperlite®, Multranol® (specific to North America), Sumiphen® (specific to
Japan) and Ultracel®. As is obvious, polymeric polyols form a major product offering from this
company and its core expertise renders it a keen competitor and one of the largest polyether polyol
manufacturers in existing and emerging markets.

Stepan Company
A leading manufacturer of specialty chemicals, Stepan Company was founded in the year 1932
and names itself the ‘largest global merchant manufacturer of anionic surfactants’, primarily used to
augment the foaming and cleaning abilities of shampoos, detergents, etc. The company also has a
distinguished resume when it comes to polyester polyols.

Stepan Company retails its polyols under the brand name STEPANPOL®. The latter, as a popular
aromatic polyester polyol brand utilizes phthalic anhydride as the core building block, rendering it
more abrasion resistant, hardy, and with enhanced hydrolytic stability. Also, STEPANPOL®
aliphatic polyester polyols are manufactured using a variety of acids and diols, thereby rendering
them highly customizable for the varied tasks at hand. Finally, there are the new-breed, innovative
polyols that the Stepan Company has successfully leveraged to address the constantly emerging
industry demands.

View related report: Global Bio Polyols Market 2018-2022

Repsol
Madrid, Spain, based Repsol is an integrated global energy company that generated € 2.121 billion
in profits through the 2017-18 fiscal year, the company’s best earnings in the last six years. Repsol
employs over 24,000 people worldwide and is seen as a major player in the global oil and gas
industry. The company’s portfolio also includes rich expertise in the manufacturing and retail of
polyether polyols. Repsol markets its polyols under the Alcupol brand name. Alcupol is widely used
in flexible foams, rigid foams and in coatings and sealant adhesives.

In 2017, Repsol made its intentions clear about pioneering a new type of polyol- polycarbonate
polyol. Herein, the usual raw material, a limited fossil based resource called propylene oxide will be

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replaced with CO2, an abundant and sustainable raw material. Repsol is thus viewed as a pro-
modernization and eco-conscious entry amid the largest polyol manufacturers across the world.

Lonza Group
Founded in 1897, the Lonza Group is a Swiss chemicals and biotechnology major. In the 2017-18
fiscal year, the company generated a revenue of CHF 5.08 billion (Swiss francs) and has invested in
strategic partnerships and R&D. Lonza manufactures a range of products as part of its ‘Coatings and
Composites’ portfolio, including polymer additives, composite materials and Hydrazine.

For more largest polyether polyol manufacturers in North America, Europe, and Asia,
please check following report:

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