Pune, Maharashtra -- (SBWire) -- 10/12/2022 --Green and Bio Polyols Market Scope & Overview:
The Green and bio polyols are advantageous for the environment because they are alcoholic solutions generated from recycled polyethylene terephthalate (PET) and polyurethanes. Green and bio polyols are high-quality bio-based polyols used in a variety of applications. Green and bio polyols are made from renewable resources. The development and expansion of various end-user verticals is the primary driver of the green and bio polyols market growth rate. Demand for green and bio polyols will increase due to an ongoing and sufficient supply of feedstock as well as the fluctuating price of oil.
As per the recent report by SNS Insider, the green and bio polyols market is expected to reach US$ 8.05 billion with a CAGR of 8.7%over the forecast period 2022-2028.
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Major key players analysis included in Green and Bio Polyols Market report are:
- 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
Drivers, Restraints, Opportunities, and Challenges
The automobile industry's increasing requirement for lightweight materials and components will create profitable growth opportunities for the green and bio polyols market. The impact that food ingredients, particularly protein, have on overall physical and mental development is becoming more and more important to consumers as they become more concerned with their health and wellbeing. This is one of the main forces behind the market for green and biopolyols. The e-commerce-based food and beverage delivery industry's growing need for speedy delivery and the demand for perishable goods has greatly increased cold chain activities.
Impact of the COVID-19 Pandemic
In the United States, COVID-19 caused significant declines in crude oil prices and liquid fuel demand in 2020, which led to decreased pricing for gasoline and diesel fuel. As immunization rates have grown and overall economic activity has started to recover in 2021, personal mobility and seasonal driving demand have risen sharply year over year. This has led to higher crude oil, gasoline, and diesel fuel costs than at this time last year. The demand for bio goods made from natural oils is projected to grow as the price of crude rises, which will drive up the cost of the raw materials needed to make green polyols. The market for green polyol is currently affected by changes in the price of crude oil.
Green and Bio Polyols Market Segmentation analysis 2022
The green and bio polyols market was dominated by the polyether polyol type segment, according to type. Epoxide catalysis reactions typically result in the production of polyether polyols. They are primarily utilized while producing PU flexible foam.
In the production of vehicle seat backrests, armrests, headrests, and other interior automobile parts, polyurethane flexible foams are widely employed in the automotive sector. Additionally, it is utilized in domestic products like cushions for furniture.
Major Segments and Sub-Segment of Green and Bio Polyols Market are Listed Below:
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
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Regional Analysis & Outlook
In terms of market demand and product innovation for enhancing performance and quality, North America is a leader in the green and bio polyols market. Additionally, recent advancements in industries like wind energy, aircraft, and transportation have made North America a dominant market. The main markets for these polyols in the area are the automotive, furniture, consumer durables, and food and beverage sectors. Italy and Germany are the two largest markets in the European continent, and they are predicted to grow at a good rate during the projected period. The market for green and biopolyols is anticipated to expand at a double-digit rate over the projected period.
Frequently asked questions in this report are listed below:
- What is the study period of this market?
- What is the growth rate of Green and Bio Polyols Market?
- Which region has highest growth rate in Green and Bio Polyols Market?
- Which region has largest share in Green and Bio Polyols Market?
- Who are the key players in Green and Bio Polyols Market?
Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Green and Bio Polyols Market Segment, By Raw Material
9. Green and Bio Polyols Market Segment, By Type
10. Green and Bio Polyols Market Segment, By Application
11. Green and Bio Polyols Market Segment, By End-Use Industry
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
13. Conclusion
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Green and Bio Polyols Market Size & Share 2022: Global Growing Demand in Construction and Automotive Sector : BASF SE, Emery Oleochemicals, Cargill, Inc., Koch Industries
The Green and Bio Polyols Market Size was valued at US$ 4.4 billion in 2021 and is expected to reach at US$ 8.05 billion by 2028, with a healthy CAGR of 8.7%.