The 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.
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Use of bio-based polyols.
Increasing use in automotive, furniture, and construction industries
High price of Polyols.
Developments in different regions.
Governments and regulatory organizations
Depletion of non-renewable resources
Raw materials and crude oil are readily available.
An imbalance exists between commercial and food crops.
Higher cost of green and bio-based polyols.
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.
By Raw Material
Natural Oils and their Derivatives
PU Flexible Foam
PU Rigid Foam
By End-use Industry:
Furniture and Bedding
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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 Size in 2022
|US$ 4.7 Billion
|Market Size by 2030
|US$ 9.3 Billion
|CAGR of 8.7% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|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.
|• Use of bio-based polyols.
• Increasing use in automotive, furniture, and construction industries
|• High price of Polyols.
• Developments in different regions.
The market size of the Green and Bio Polyols Market was valued at USD 4.7 billion in 2022.
The growth rate of the Green and Bio Polyols Market is 8.7% over the forecast period 2023-2030.
Ans: 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 and Huntsman Corporation are the major key players of Green and Bio Polyols Market.
Ans: Raw materials and crude oil are readily available, An imbalance exists between commercial and food crops and Higher cost of green and bio-based polyols are the challenges faced by the Green and Bio Polyols Market.
Ans: Use of bio-based polyols and Increasing use in automotive, furniture, and construction industries are the drivers for Green and Bio Polyols Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 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
8.4 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
10.3 PU Rigid Foam
11. Green and Bio Polyols Market Segment, By End-use Industry
11.1 Furniture and Bedding
11.5 Carpet Backing
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6.3 Rest of Latin America
13. Company Profile
13.1 BASF SE
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
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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