Natural oil polyols is also known as NOPs that are polyols derived from vegetable oils by several different techniques. Products in the global natural oil polyols market are mostly used in making polyurethane foam. As a cascading effect, the ocean of uses of the latter instills demand for natural oil polyols. It is used in various applications like construction, automotive, food, footwear, and others.
MARKET SCOPE
The "Global Natural Oil Polyol 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 natural oil polyol market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading natural oil polyol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global natural oil polyol market is segmented into soy oil polyols, palm oil polyols, castor oil polyols, sunflower oil polyols, canola oil polyols, others.
- Based on application, the global natural oil polyol market is segmented into construction, automotive, food, footwear, and others.
MARKET DYNAMICS
Drivers:
- Growing consumption in automotive sector.
- Increasing demand for its multitudinous applications such as fuel additive and other polymers.
- Rising disposal income of the consumers.
- Rising R&D activities drive the natural oil polyol market.
Restraints:
- Rising demand for raw materials may create gap between supply and demand which inturn impacts the market price trend of natural oil polyols market.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The natural oil polyol 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 natural oil polyol market in these regions.
IMPACT OF COVID-19 ON NATURAL OIL POLYOL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the natural oil polyol 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 natural oil polyol market are anticipated to lucrative growth opportunities in the future with the rising demand for natural oil polyol in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the natural oil polyol 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
- Cargill Incorporation
- The Dow Chemical Company
- Elevance Renewable Sciences Inc
- IFS Chemicals Group
- Covestro AG
- Bio Based Technologies
- The Lubrizol Corporation
- Huntsman Corporation
- Jayant Agro Organics