Green and Bio Polyols Market Size, Share, Insights, Trends, Outlook, and Opportunity Analysis 2018-2026
Green and Bio Polyols Market |
Polyol is a form of alcohol that has many hydroxyl groups. Polyurethanes and polyethylene terepthalate are used to make green polyols. Canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil are examples of bio polyols or natural oil polyols (NOPs). The market for green and bio polyols is being driven by rising petrochemical feedstock costs, public demand, and regulatory pressure for environmentally friendly goods that minimise carbon footprints. Green and biopolyols are in high demand due to their use in a variety of industries, including packaging, construction, automotive, furniture, and bedding. Green and biopolyols are mostly employed in the production of polyurethane, which is then used in the manufacture of coatings and foam.
The main cause of the Green And Bio Polyols Market growth rate is the rise and expansion of numerous end user verticals. The growing need for lightweight materials and components in the automotive industry would provide lucrative growth prospects for the green and biopolyols industry. Green and biopolyol demand will continue to rise as a result of a consistent and adequate supply of feedstock combined with oil price volatility. Green and biopolyols are increasingly being used in adhesives and sealants, which will drive demand for green and biopolyols, particularly in emerging nations.
Market Segmentation:
Based on Raw Materials
- Natural Oils and Their Derivatives
- Sucrose
- Carbon Dioxide
- Recycled Polymers
- Others
- Polyether Polyols
- Polyester Polyols
Based on Application
- Foam
- Polyurethane Rigid Foam
- Polyurethane Flexible Foam
- Coatings
- Adhesives
- Elastomer
- Sealants
- Others
The key manufacturers in green and bio polyols are Arkema S.A., Bayer AG, BioBased Technologies LLC, BASF SE, Cargill Inc., The Dow Chemical Company, Stepan Company, Emery Oleochemicals (M) Sdn Bhd, Jayant Agro-Organics Limited, Global Bio-chem Technology Group Company Limited, Johnson Controls Inc, Cargill Inc., Global Bio-Chem Technology Group Co. Ltd., Jayant Agro Organics Ltd., and E. I. du Pont de Nemours and Company.
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