Global Green Bio Polyols Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2023 –2030 |
Marktgröße (Basisjahr) | USD 4.52 Billion |
Marktgröße (Prognosejahr) | USD 9.35 Billion |
CAGR |
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Wichtige Marktteilnehmer |
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Global Green and Bio Polyols Market By Raw Material (Natural Oils and Their Derivatives, Sucrose, Carbon Dioxide, and Recycled Polymers), Type (Polyether Polyols and Polyester Polyols), Application (Polyurethane Rigid Foam, Polyurethane Flexible Foam, and Case), End User (Furniture and Bedding, Automotive, Construction, Packaging, Carpet Backing, and Others) - Industry Trends and Forecast to 2023 to 2030.
Green and Bio Polyols Market Analysis and Size
The essential factors contributing to the growth of the global green and bio polyols market in the forecast period of 2023 to 2030 include expanding application of green and bio polyols, driven by their eco-friendliness and sustainability properties, particularly in emerging economies. Also, the rising demand for green and bio polyols from the oil and gas industry significantly contributes to the market’s growth.
Data Bridge Market Research analyses that the global green and bio polyols market, which was USD 4.52 billion in 2022, is expected to reach USD 9.35 billion by 2030, growing at a CAGR of 9.50% during the forecast period of 2023 to 2030. In 2023, the polyether polyols segment will dominate the market due to its wide range of applications and the rising demand for green and bio polyols from the oil and gas industry.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Green and Bio Polyols Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Million Square Meters, Pricing in USD |
Segments Covered |
Global Green and Bio Polyols Market By Raw Material (Natural Oils and Their Derivatives, Sucrose, Carbon Dioxide, and Recycled Polymers), Type (Polyether Polyols and Polyester Polyols), Application (Polyurethane Rigid Foam, Polyurethane Flexible Foam, and Case), End User (Furniture and Bedding, Automotive, Construction, Packaging, Carpet Backing, and Others) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa |
Market Players Covered |
Dow (U.S.), BASF SE (Germany), Bayer AG (Germany), Stepan Company (U.S.), BioBased Technologies. (U.S.), Emery Oleochemicals (Malaysia), JAYANT AGRO-ORGANICS LIMITED. (India), Global Bio-chem Technology Group Company Limited. (Hong Kong), Novomer Inc. (U.S.), Huntsman International LLC. (U.S.), Roquette Frères. (France), Mitsui Chemicals, Inc. (Japan), Koch Industries, Inc. (U.S.), Johnson Controls. (Ireland), Piedmont Chemical Industries (U.S.), ITOH OIL CHEMICALS CO., LTD (Japan), Cargill, Incorporated (U.S.), Arkema (France), and DuPont (U.S.) among others |
Market Opportunities |
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Market Definition
Green and bio polyols are eco-friendly alcoholic solutions obtained from recycled Polyethylene Terephthalate (PET) and polyurethane. The green and bio polyols are high-quality bio-based polyols that are used in a wide range of applications. The green and bio polyols are synthesized by using renewable materials.
Green and Bio Polyols Market Dynamics
Drivers
- Increased demand for green and bio polyols by the oil and gas industry
The rising demand for green and bio polyols from the oil and gas industry catalyzes the growth of the green and bio-based polyols market. This increased demand signifies a shift towards sustainable practices and reduced dependency on traditional fossil fuel-based materials. As the oil and gas industry embraces environmentally friendly solutions, it creates a market pull for green and bio-based polyols, driving innovation and investment in this sector.
- Increasing application of green and bio polyols owing to their eco-friendliness and sustainability properties especially in the emerging economies
The expanding application of green and bio polyols, driven by their eco-friendliness and sustainability properties, particularly in emerging economies, is a significant driver for the green and bio-based polyols market. The demand for green and bio-based options rises as these countries prioritize environmental concerns and seek alternatives to traditional polyols. This trend stimulates innovation, investment, and market growth, as companies respond to the increasing need for sustainable polyol solutions.
Opportunities
- The rising demand for lightweight materials and components by the automobile sector
The rising growth and expansion of various end user verticals is the root cause fuelling up the green and bio polyols market growth rate. The automobile sector's rising demand for lightweight materials and components will further create lucrative growth opportunities for the green and bio polyols market. A consistent and adequate supply of feedstock coupled with volatility in oil prices will further increase the demand for green and bio polyols. The rising application of green and bio polyols in adhesives and sealants will also propel growth in the demand for green and bio polyols, especially in emerging economies.
Restraints/Challenges
- Expensive nature of green and bio polyols as compared to conventional polyols
However, the lack of awareness regarding green and bio polyols in underdeveloped economies will pose a significant challenge to the growth rate of this market. The expensive nature of green and bio polyols compared to conventional polyols will further restrict the scope of growth for this green and bio polyols market.
This green and bio polyols market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Global Green and Bio Polyols market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Recent Development
- In April 2022, Valentino released the first conscious-driven sneaker. The luxury company is launching the first-ever 'Open for a Change' initiative since the sneakers are made from recycled and bio-based materials
- In December 2021, Cargill entered into an agreement to acquire the majority of Croda’s performance technologies and industrial chemicals business. With this advancement, Cargill’s bio-industrial presence would expand significantly, allowing it to serve better industrial manufacturers looking for green alternatives.
Global Green and Bio Polyols Market Scope
The global green and bio polyols market is segmented on the basis of raw material, type, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Natural Oils and Their Derivatives
- Sucrose
- Carbon Dioxide
- Recycled Polymers
Type
- Polyether Polyols
- Polyester Polyols
Application
- Polyurethane Rigid Foam
- Polyurethane Flexible Foam
- Case
End-User
- Furniture and Bedding
- Automotive
- Construction
- Packaging
- Carpet Backing
- Others
Global Green and Bio Polyols Market Regional Analysis/Insights
The global green and bio polyols market is analysed, and market size insights and trends are provided by country, application, type, raw material, and end-user as referenced above.
The countries covered in the global Green and Bio Polyols market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.
Germany dominates the green and bio polyols market due to the rising demand for green and bio polyols from the oil and gas industry. Their excellent catalytic properties, shift towards sustainable practices, and reduced dependency on traditional fossil fuel-based materials drive the market.
Asia-Pacific is expected to grow from 2023 to 2030 because of the expanding application of green and bio polyols due to their eco-friendliness and sustainability, particularly in emerging economies. As manufacturers seek alternatives to traditional polyols, the demand for green and bio-based options rises, driving the market.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Green and Bio Polyols Market Share Analysis
The green and bio polyols market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global green and bio polyols market.
Some of the major players operating in the global green and bio polyols market are:
- Dow (U.S.)
- BASF SE (Germany)
- Bayer AG (Germany)
- Stepan Company (U.S.)
- BioBased Technologies. (U.S.)
- Emery Oleochemicals (Malaysia)
- JAYANT AGRO-ORGANICS LIMITED. (India)
- Global Bio-chem Technology Group Company Limited. (Hong Kong)
- Novomer Inc. (U.S.)
- Huntsman International LLC. (U.S.)
- Roquette Frères. (France)
- Mitsui Chemicals, Inc. (Japan)
- Koch Industries, Inc. (U.S.)
- Johnson Controls. (Ireland)
- Piedmont Chemical Industries (U.S.)
- ITOH OIL CHEMICALS CO., LTD (Japan)
- Cargill, Incorporated (U.S.)
- Arkema (France)
- DuPont (U.S.)
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