The global Polyether Polyols market size was valued at USD 18.5 billion in 2022 and it is projected to cross USD 29 billion by 2032 at a CAGR of 4.9% during 2023-2032. Polyether polyols are the key raw material used in the manufacturing of Polyurethane Foam (Flexible and Rigid), Adhesives & Sealants, Elastomers, and Surface coatings. The global polyether polyols demand is strongly linked to the performance of flexible foams, polyurethane foam, and rigid foams. Flexible foams find applications in automotive seating, bedding, and furniture, while rigid foams are utilized in construction and household applications. 

The global Polyether polyol market experienced a decrease in demand as a result of the COVID-19 pandemic; however, the long-term outlook remains positive as the demand for polyurethane foams is expected to continue to grow in the future, particularly in developing regions, and the industry is likely to recover as the pandemic subsides.