The major participants operating in the global polyether polyols market are the DOW Chemical Company (U.S.), Bayer Material Science Ag (Germany), BASF SE (Germany), Baalbaki Group S.A. (Syria), Cargill Incorporated (U.S.), Chemtura Corporation (Pennsylvania), COIM S.P.A (Italy), Expanded Polymer Systems Pvt. Ltd. (India), Huntsman Corporation (U.S.), Invista (U.S.), Lonza Group Ltd. (Switzerland), Manali Petrochemicals Ltd. (India), Nanjing Hongbaoli Co. Ltd. (India), PCC Rokita SA (Poland), Perstorp AB (Sweden), Royal Dutch Shell PLC( Netherlands), Shandong Dongda Chemical Industry Co. Ltd. (China), Shraddha Associates (India), and others.
The DOW Chemical Company is a U.S.-based manufacturer of polyols. This company offers various products namely, amine, autocatalytic polyether triol, flexible polyether triol, and others. The company accounts the largest market share in this market (21.1% globally), owing to factors such as increasing corporate agreements, continuous technological advancements, and new product developments.
In July 2011, this company came entered into a joint venture with Jubail Industrial, Saudi Arabia to produce chemical products and performance plastics and consumer products to target global growing markets, such as energy, transportation, infrastructure, and consumer products.
Bayer Material Science is the second largest producer of polyols; having accounted a market share of 17.6% globally. The company focuses on new product development, and its production capacity and commercialization of natural oil based polyols. The company offers various types of polyols that includes polyether polymer polyols and polyester polyols that are used in various industrial applications.
In 2011, the company invested $11.0 million at its South Charleston plant, U.S. for the production of polyols. This helped the company to enhance new product development and commercialize castor bean oil based polyols in order to increase the production capacity of its polyols business.
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