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Green and Bio Polyols Market

Green and Bio Polyols Market Size and Segment 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), by Regions and Global Forecast 2022-2028

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 4.4 billion in 2021, and is expected to reach USD 8.05 billion by 2028, and grow at a CAGR of 8.7% over the forecast period 2022-2028. 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 Graph

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-use Industry:

  • Furniture and Bedding

  • Construction

  • Automotive

  • Packaging

  • Carpet Backing

  • Others

Green and Bio Polyols Market Segment Pie 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 2021 US$ 4.4 Billion
Market Size by 2028 US$ 8.05 Billion
CAGR CAGR of 8.7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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

 

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-use Industry

11.1 Furniture and Bedding

11.2 Construction

11.3 Automotive

11.4 Packaging

11.5 Carpet Backing

11.6 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6Latin America

10.6.1Brazil

10.6.2Argentina

10.6.3 Rest of Latin America

 

11. Company Profile

11.1 BASF SE

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Bayer AG

11.3 Biobased Technologies LLC

11.4 Cargill, Inc.

11.5 DOW Chemical Company

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

11.7 Emery Oleochemicals

11.8 Global Bio-Chem Technology Group

11.9 Huntsman Corporation

11.10 Jayant Agro Organics Pvt., Ltd.

11.11 Koch Industries

11.12 Mitsui Chemicals

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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