The global green and bio polyols market size is estimated at USD 4.4 Billion in 2021 and is projected to reach USD 6.9 Billion by 2027, growing at a CAGR of 9.5%, from 2022 to 2027

0

ReportLinker

The growth of the global green and bio polyol market is directly linked to the strict government regulations against the excessive use of petroleum-based polyols. Rising production of flexible or rigid PU foams, as an insulating material in infrastructure and construction, in the furniture and bedding industry, and in packaging, is expected to propel the growth of the global green and bio polyol market.

New York, May 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Green and Bio Polyols Market by Raw Material, Type, End-Use Industry and Region – Global Forecast to 2027” – https://www.reportlinker.com/p05084766/?utm_source=GNW

The use of green and bio-based polyols in CASE applications is also a major growth factor for the market.

The global green and bio polyols market size is estimated at USD 4.4 billion in 2021 and is projected to reach USD 6.9 billion by 2027, at a CAGR of 9.5%, between 2022 and 2027. Growth of the green and bio polyols market can mainly be attributed to the growing involvement of green and bio polyols in industries such as construction, transportation and automotive, furniture and bedding, among others.

Green and bio polyols are either synthesized from natural oils, such as soy, castor, palm, canola and sunflower, or from natural sources, such as corn and sugar, or carbon dioxide (CO2). They are also recycled from polymers, such as polyurethanes (PU) and polyethylene terephthalate (PET).

These polyols are used to make rigid and flexible PU foams, as well as coatings, adhesives, sealants and elastomers (CASE), which are used in several end-use industries. The market for green and bio polyols includes polyether polyols and polyester polyols.

Green and biobased polyether polyols are obtained by polycondensation reaction of propane-1,3-diol from glycerin, which can be obtained from several plant sources. Biobased polyester polyols are formed by the condensation of biobased dicarboxylic acids, such as adipic or succinic acid, with biobased polyols (propane-1,3-diol).

Natural oils and their derivatives are the largest feedstock segment of the green and bio polyol market
Based on raw materials, the green and bio polyols market includes natural oils and their derivatives, sucrose, glycerin, and carbon dioxide. The raw material segment of natural oils and their derivatives led the application segment of the market in terms of value and volume.

Biopolyols made from natural oils are also known as natural oil polyols. These polyols can be made from soybean oil, rapeseed (canola) oil, palm oil, castor oil and sunflower oil.

The use of a specific natural oil may depend on the region. All natural oil polyols have similar sources and applications, but the materials are quite different, depending on how they are made.

These polyols are colorless to light yellow. The viscosity of these polyols can vary depending on the raw materials; it is determined by their molecular weight and the average number of hydroxyl groups present per molecule. The odor of these polyols varies depending on the oil from which they are derived. Most natural oil polyols are quite similar chemically to their parent vegetable oils and are prone to rancidity.

Polyether polyols are the largest application segment of the green and bio polyol market
On the basis of type, the green and bio polyol market is divided into polyether polyols and polyester polyols. The polyether polyol type segment accounted for the largest share of the green and bio polyol market in 2021.

Polyether polyols are generally produced by the catalysis reaction of epoxides. They are mainly used in the manufacture of soft PU foam.

Polyether polyols contain multiple ether bonds and hydroxyl groups in their molecular form. Most of these polyols are used in the manufacture of urethanes, surfactants, functional fluids and synthetic lubricants.

The physical properties of polyether polyols depend on the length of the polymer chain. These polyols have a molecular weight greater than 3,000.

PU soft foams in the largest application segment of the green and bio polyol market
On the basis of application, the green and bio polyol market is divided into PU flexible foam, CASE and PU rigid foam. The PU flexible foams application segment accounted for the largest share of the green and bio polyols market in 2021.

PU flexible foams are used in a variety of consumer and commercial products including furniture, carpet cushions, transportation, bedding, packaging, textiles and fibers. These foams consist of tiles, which are mainly used for carpet cushions and furniture.

They are also used for office chairs, stadium seats and auditorium seats. As a cushioning material, these foams provide support, comfort, durability and energy absorption.

Flexible PU foams have a wide range of applications in the automotive industry, such as seats, headrests, armrests; heating, ventilation and air conditioning (HVAC) components, interior panels and trim, car and truck fenders, headliners and other interior systems. The use of polyurethane for automotive design results in reduced weight, passenger comfort, and compressive strength in vehicles, resulting in the need for flexible polyurethane foams in the automotive industry.

Furniture and bedding is the largest end-use industry segment of the green and bio polyol market
Based on end-use industry, the green and bio polyol market is divided into furniture and bedding, construction, automotive, packaging, carpet backing, others. The furniture and bedding end-use industry segment is the largest end-user of green and biopolyol products.

Increased construction activity in the housing sector, particularly in emerging economies, has fueled demand for home furnishings and bedding products. Rising income levels in emerging markets have led to increased spending on luxury goods.

The furniture and bedding industry is a rapidly growing market for green and organic polyols, which are increasingly used to make cushions for sofas, recliners and upholstered chairs for domestic and commercial purposes.

North America is the largest market for the green and bio polyol market

The North America region is expected to be the largest market, in terms of value. North America is expected to grow at the fastest rate during the forecast period.
North America is a leader in the polyurethane market in terms of product demand and innovation to improve performance and quality. New developments in applications, such as aerospace, automotive and wind power, are also making North America a dominant market.

The automotive, furniture, durable consumer goods, and food and beverage industries are the major consumers of these polyols in the region.

The breakdown of primary interviews is given below:
• By department: Sales/Export/Marketing – 60%, Production – 25% and R&D -15%
• By designation: managers – 50%, CXO – 30% and executives – 20%
• By region: APAC – 42%, North America – 18%, Europe – 14%, Middle East and Africa – 22% and South America – 4%
BASF SE (Germany), The Dow Chemical Company (US), Cargill, Incorporated (US), Covestro AG (Germany) and Emery Oleochemicals (US) are key players in the green and bio polyol market .

Research coverage
The green and bio polyols market has been segmented on the basis of feedstock, type, application, end-use industry, and region. This report covers the green and bio polyols market and forecasts its size till 2027.

It also provides detailed information on company profiles and competitive strategies adopted by leading players to strengthen their position in the Green and Bio Polyols market. The report also provides an overview of the green and bio polyols market drivers and restraints, as well as opportunities and challenges. .

The report also includes profiles of key manufacturers in the green and bio polyols market.

Reasons to buy the report

The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the Green and Bio Polyols market and provides the closest approximations of revenue figures for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the Green and Bio Polyols Market and provide insights into key market drivers, restraints, challenges, and opportunities influencing market growth.
3. This report is expected to help stakeholders to gain in-depth understanding of the Green and Bio Polyols market competitive landscape and gain insights to improve their businesses position. The competitive landscape section includes detailed information on strategies, such as mergers and acquisitions, new product developments, expansions, and collaborations.
Read the full report: https://www.reportlinker.com/p05084766/?utm_source=GNW

On Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
Share.

About Author

Comments are closed.