“Eco-friendly and sustainable nature of bio polyols, consistent supply of bio- based feedstock, and crude oil price fluctuations are driving the Global Green And Bio Polyols Market”
The global green and bio polyols market is projected to reach USD 4.71 billion by 2031, at a CAGR of 9.5%.
The market is projected to grow at a CAGR of 6.9% and reach 1.74million tons by 2031, by volume. Several factors, such as the eco-friendly and sustainable nature of bio polyols, consistent supply of bio-based feedstock, and crude oil price fluctuations affect the green and bio polyols market directly as well as indirectly. Moreover, the growing penetration of bio-based polyols in the automotive and packaging industry and recycling of polyols from foam-based waste are expected to offer lucrative opportunities for the growth of the green and bio polyols market. Higher costs of green and bio polyols as compared to those of conventional polyols, and increasing crop productivity causing a negative environmental impact, such as increasing the carbon footprint and depletion of nutrients from the soil, are the major factors expected to restrain the growth of the green and bio polyols market globally.
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“Polyether Polyols: The fastest growing type in the market”
The by type market for polyether polyols was the fastest growing in the green and bio polyols market in 2015. The rapid growth in demand for polyether polyols is attributed to their extensive use in major end-use markets such as furniture & bedding, construction and automotive industries, which demand flexible and rigid polyurethanes on a large scale. As polyether polyols are extensively used in the manufacture of polyurethane flexible foams, the market of polyether polyols is expected to grow rapidly.
“Polyurethane Flexible Foam: The fastest-growing application for green and bio polyols”
Polyurethane flexible foam is the fastest growing application segment in the global green and bio polyols market. Consumption of green and bio polyols is largely driven by end-use industries such as construction, automotive, furniture and bedding. The shift in the usage of bio-based polyurethane foams by various end-use industries further favors the growth of the market for green and bio polyols.
“North America: The fastest-growing market for green and bio polyols”
North America is the fastest-growing market for green and bio polyols, in terms of value as well as volume. The region is the largest market in the world for soybean based bio polyols. The increasing inclination towards the use of eco-friendly and sustainable materials for the production of polyurethane foams which are used in various end-use applications such as building & infrastructure, automotive, packaging, and so on, is expected to lead to a high growth rate for the region in the green and bio polyols market.
This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided into three categories, namely, by company, by designation, and by region.
• By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
• By Designation- C Level- 38%, Director Level- 38%, and Others- 24%
• By Region- North America- 25%, Asia-Pacific- 37%, and Europe- 38%
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The report also provides company profiles and competitive strategies adopted by the major market players, such as Bayer AG (Germany), BioBased Technologies LLC (U.S.), BASF SE (Germany), Cargill Inc. (U.S.), The Dow Chemical Company (U.S.), Stepan Company (U.S.), Emery Oleochemicals (M) Sdn Bhd (Malaysia), Jayant Agro-Organics Limited (India), Global Bio-chem Technology Group Company Limited (Hong Kong), and E. I. du Pont de Nemours and Company (U.S.), among others.
The report covers green and bio polyols and their applications across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as agents and application. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the green and bio polyols market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on green and bio polyols offered by the top players in the global green and bio polyols market.
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the global green and bio polyols market.
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for green and bio polyols across regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global green and bio polyols market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global green and bio polyols market.
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