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Green and Bio Polyols Market

Green and Bio Polyols Market Size and Segmentation by Raw Material (Natural Oils and their Derivatives, Sucrose, Glycerin, Carbon Dioxide) By Type (Polyether Polyols, Polyester Polyols) By Application (PU Flexible Foam, CASE, PU Rigid Foam) By End-User Industry (Furniture and Bedding, Construction, Automotive, Packaging, Carpet Backing, Others), by Regions and Global Forecast 2023-2030

Report Id: SNS/C&M/1704 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Green and Bio Polyols Market Size was valued at USD 4.7 billion in 2022, and is expected to reach USD 9.3 billion by 2030, and grow at a CAGR of 8.7% over the forecast period 2023-2030. Green polyols and bio polyols are environmentally friendly alcohol solutions with multiple hydroxyl groups. Green polyol is made from recycled PET and polyurethanes, whereas bio polyol is made from various vegetable oils such as canola, castor, and corn. Polyether polyols and polyester polyols are the two most common types of green polyols and bio polyols. These materials are used in a variety of applications, including adhesives, sealants, coatings, and polyurethane foams (flexible & rigid). Packaging, construction, transportation, furniture, and carpet are some of the end-user consumers of these polyols. Certain end-user industries, such as transportation and construction, are driving the demand for green and bio polyols. Several growth factors, such as the availability of raw materials and rising crude oil prices, which have led to price increases in conventional polyols, have contributed to the market's expansion. Other factors, such as a lower carbon footprint, have contributed to the increased sustainability of green polyols and bio polyols. However, the lack of technology and desired effects in comparison to conventionally used polyols are expected to slow the growth of the green polyol and bio polyol market.

Green and Bio Polyols Market Revenue 2030

Market Dynamics:

Drivers:

  • Use of bio-based polyols.

  • Increasing use in automotive, furniture, and construction industries

Restraints:

  • High price of Polyols.

  • Developments in different regions.

Opportunity:

  • Governments and regulatory organizations

  • Depletion of non-renewable resources

Challenge:

  • Raw materials and crude oil are readily available.

  • An imbalance exists between commercial and food crops.

  • Higher cost of green and bio-based polyols.

Impact of Covid-19:

COVID-19 is a new coronavirus strain that causes an infectious disease. This disease is having an impact on global economic growth. In December 2019, the virus was discovered in Wuhan, China. The COVID-19 pandemic has caused widespread devastation. COVID-19 had a significant impact on global GDP in 2020, and estimates so far indicate that the virus had a 0.5 percent - 1.5 percent impact on global economic growth in FY 2020-2021, but economies are recovering with reductions in restrictions imposed by major countries. Because of the disease's rapid spread, both lives and livelihoods are at risk. It is a global problem that requires a worldwide response. There is no way to predict how quickly this disease will spread.

Key Players:

BASF SE, Biobased Technologies LLC, E.I. Du Pont De Nemours & Co., Bayer AG, Emery Oleochemicals, Jayant Agro Organics Pvt., Ltd., Cargill, Inc., Koch Industries, DOW Chemical Company, Mitsui Chemicals, Global Bio-Chem Technology Group, Huntsman Corporation, and other players.

Market Segmentation:

By Raw Material

  • Natural Oils and their Derivatives

  • Sucrose

  • Glycerin

  • Carbon Dioxide

By Type:

  • Polyether Polyols

  • Polyester Polyols

By Application:

  • PU Flexible Foam

  • CASE

  • PU Rigid Foam

By End-User Industry:

  • Furniture and Bedding

  • Construction

  • Automotive

  • Packaging

  • Carpet Backing

  • Others

Green and Bio Polyols Market Segment Chart

Regional Analysis:

Because of the growing use of bio polyols, North America dominates the global green and bio polyols market. Corn and soybeans are the most commonly used raw materials in the region for the production of bio polyols. Other developing economies, such as Asia Pacific, are expected to grow significantly due to the easy availability of raw materials, cheap and skilled labour, and less expensive equipment. The significant growth in the electronic industry will drive this market's growth in the coming year. The growing demand for green and bio polyols in Latin America, the Middle East, and Africa is driving significant demand for the green and bio polyols market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Green and Bio Polyols Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 4.7 Billion
Market Size by 2030 US$ 9.3 Billion
CAGR CAGR of 8.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Raw Material (Natural Oils and their Derivatives, Sucrose, Glycerin, Carbon Dioxide)
• By Type (Polyether Polyols, Polyester Polyols)
• By Application (PU Flexible Foam, CASE, PU Rigid Foam)
• By End-use Industry (Furniture and Bedding, Construction, Automotive, Packaging, Carpet Backing, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BASF SE, Biobased Technologies LLC, E.I. Du Pont De Nemours & Co., Bayer AG, Emery Oleochemicals, Jayant Agro Organics Pvt., Ltd., Cargill, Inc., Koch Industries, DOW Chemical Company, Mitsui Chemicals, Global Bio-Chem Technology Group, Huntsman Corporation, and other players.
DRIVERS • Use of bio-based polyols.
• Increasing use in automotive, furniture, and construction industries
Restraints • High price of Polyols.
• Developments in different regions.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Green and Bio Polyols Market Segment, By Raw Material

8.1 Natural Oils and their Derivatives

8.2 Sucrose

8.3 Glycerin

8.4 Carbon Dioxide

 

9. Green and Bio Polyols Market Segment, By Type

9.1 Polyether Polyols

9.2 Polyester Polyols

 

10. Green and Bio Polyols Market Segment, By Application

10.1 PU Flexible Foam

10.2 CASE

10.3 PU Rigid Foam

 

11. Green and Bio Polyols Market Segment, By End-User Industry

11.1 Furniture and Bedding

11.2 Construction

11.3 Automotive

11.4 Packaging

11.5 Carpet Backing

11.6 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6Latin America

12.6.1Brazil

12.6.2Argentina

12.6.3 Rest of Latin America

 

13. Company Profile

13.1 BASF SE

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Bayer AG

13.3 Biobased Technologies LLC

13.4 Cargill, Inc.

13.5 DOW Chemical Company

13.6 E.I. Du Pont De Nemours & Co.

13.7 Emery Oleochemicals

13.8 Global Bio-Chem Technology Group

13.9 Huntsman Corporation

13.10 Jayant Agro Organics Pvt., Ltd.

13.13 Koch Industries

13.12 Mitsui Chemicals

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

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Secondary Research

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