The China Polyols for Polyurethanes Market was valued at USD 8.65 Billion in 2024 and is projected to reach USD 12.37 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024–2030). This growth is fueled by rising demand from construction, automotive, and furniture sectors, coupled with China’s focus on sustainable material innovation.
As the world’s largest polyurethane producer, China’s polyols market is undergoing a green transformation with bio-based alternatives and advanced formulations. In this blog, we profile the Top 10 Companies in China’s Polyols for Polyurethanes Industry—chemical giants and innovators shaping the polymer landscape through capacity expansion and R&D breakthroughs.
🔟 1. Wanhua Chemical Group Co., Ltd.
Headquarters: Yantai, Shandong
Key Offering: MDI-based polyether polyols, bio-polyols
Wanhua Chemical is China’s largest polyurethane raw material producer with 2.8 million tons/year polyol capacity. Their proprietary CHDI technology enables high-performance polyols for automotive and insulation applications.
Sustainability Initiatives:
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Bio-based polyol pilot plant operational since 2022
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30% reduction in VOC emissions from production by 2025
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Circular economy partnerships for polyol recycling
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