Global Green and Bio Polyols Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Green and Bio Polyols Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global green and bio polyols market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global green and bio polyols market report have been segmented on the product type, application, end use industry, and region.
Polyols are polymer products with an extended carbon chain and multiple reactive functional group. Bio polyols are derived from various oils such as castor oil, canola oil, corn oil, rapeseed oil, coconut oil, soya bean oil, palm oil. Production of bio polyols reduces greenhouse gas emissions when compared to traditional petroleum-based polyols.
Various advantages associated with use of bio polyols which includes sustainability and reduction of petroleum dependence are major factors expected to drive growth of target market over the forecast period. In addition, volatility in oil prices is another major factor expected to propel demand for green and bio polyols, which in turn is expected to boost growth of target market over the forecast period. Rapidly growing demand for green and bio polyols from various end use industry are some among the other factors expected to support growth of the target market over the forecast period.
However, high cost of bio polyols when compared to conventional polyols is expected to hamper growth of the target market over the forecast period. In addition, fluctuating prices of raw materials is another factor expected to limit growth of the global market, to certain extent.
Market in North America accounted for significant revenue share of the global green and bio polyols market in terms of revenue contribution as compared to that of markets in other regions, in 2017. Growing demand for recyclable products, coupled with presence of major players in market are factors expected to boost growth of North America green and bio polyols market. Europe accounts for second-highest revenue share contribution to the global market, registering a revenue share of XX.X%, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
In addition, the market in the Asia Pacific is projected to register moderate growth in terms of revenue over the next 10 years. Rapidly growing demand for green and bio polyols from various end use industries which includes automotive and construction industries is major factor expected to support growth of Asia Pacific green and bio polyols market over the forecast period.
The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register steady growth in the global green and bio polyols market over the forecast period.
Segmentation on the basis of product type:
- Polyether Polyols
- Polyester Polyols
Segmentation on the basis of application:
- Polyurethane Rigid Foam
- Polyurethane Flexible Foam
- Coatings, adhesives, sealants & elastomers (CASE)
Segmentation on the basis of end use industry:
- Furniture and Bedding
- Carpet Backing
- Others (engineered components, industrial, sports, and textiles & clothing)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Cargill Inc.
- The DOW Chemical Company
- BASF SE
- Bayer AG
- Stepan Company
- Biobased Technologies LLC
- Emery Oleochemicals
- Jayant Agro Organics Pvt. Ltd.
- Global Bio-Chem Technology Group
- I. Du Pont De Nemours & Co.
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