Green and bio polyols also known as natural oil polyols are polyols derived from vegetable oils such as castor oil, canola oil, soy bean oil, peanut oil, rapeseed oil, corn oil, palm oil, and other vegetable oils. Bio polyols are derived from renewable raw materials and their use can significantly contribute towards reducing the carbon footprint. They are extensively used as raw materials in manufacturing of broad range of end products such as coatings, adhesives, sealants, flexible and rigid foams, elastomers, and many other products.
MARKET DYNAMICS
The global green and bio polyols market is growing at a significant pace owing to driving factors such as increasing demand for green and bio polyols from end-use industries. The use of bio polyols in manufacturing foams has gathered pace as the demand for raw materials such as bio polyols which are recyclable and obtained from less polluting sources is gaining traction in the developed countries. The growing demand for foam used as thermal insulating material in the building and construction sector is anticipated to spur the growth of green and bio polyols used in the manufacture of construction grade foams. The prolifertion of green and energy efficient buildings has generated a significant demand for environmentally friendly raw materials such as green and bio polyols used in construction. The growing cost of petrochemical feedstock, rising conciousness about the ill effects of non bio polyols on the environment, and regulatory pressure for environment friendly products to reduce the carbon footprint are anticipated to be major growth drivers for the green and bio polyols market. Industries such as packaging, furniture and bedding, and construction are expected to spur the growth of green and bio polyols in the forecasted period.
MARKET SCOPE
The "Global Green and Bio Polyols Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the green and bio polyols market with detailed market segmentation by type, application, end-use industry, and geography. The global green and bio polyols market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading green and bio polyols market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global green and bio polyols market is segmented on the basis of type, application and end-use industry. On the basis of type, the green and bio polyols market is segmented into, polyether polyols and polyester polyols. On the basis of application, the market is bifurcated into, polyurethane rigid foam, polyurethane flexible foam, and CASE. Based on end-use industry, the global green and bio polyols market is segmented into, furniture and bedding, construction and insulation, automotive, packaging, carpet backing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global green and bio polyols market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The green and bio polyols market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the green and bio polyols market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the green and bio polyols market in these regions.
MARKET PLAYERS
The reports cover key developments in the green and bio polyols market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from green and bio polyols market are anticipated to lucrative growth opportunities in the future with the rising demand for green and bio polyols in the global market. Below mentioned is the list of few companies engaged in the green and bio polyols market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the green and bio polyols market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer AG
- Cargill, Incorporated
- Emery Oleochemicals
- Huntsman International LLC.
- Johnson Controls Inc.
- Mitsui Chemicals, Inc.
- Novomer Inc.
- Roquette Frères,
- The Dow Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.