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Green and Bio Polyol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100345
  • Category : Chemical and Materials
  • Pages : -----
  • Reporting status : Published Jan, 19
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The green polyol and bio polyol are essential crude materials utilized as a part of the generation of polyurethane, thermoplastic elastomers, coatings, cement, sealants, and fake calfskin. A portion of the variables driving the worldwide green polyol and bio polyol advertise are the usage of strict natural standards by different governments, and good directions which urge makers to expand the green polyol and bio polyol content in their items.

Sustainability and eco-friendliness of green & bio polyol are the major driving factor for green and bio polyol market. The unfailing and satisfactory source of feedstock is another factor that boosts the market for green & bio polyol market. Moreover, the unpredictability of oil prices is another factor fueling the market. However, its high prices compared to conventional polyol is the major restraining factor for green & bio polyol market. Also, the growing emphasis on commercial crop efficiency hampers the market growth for green and bio polyol. The market for green & bio polyol views growth opportunity from the increasing use of bio polyol in packaging and automotive sector. The reprocessing of bio polyols commencing foam based excess is also another opportunity for the manufacturers of green and bio polyol to grow.

The green and bio polyol market is classified on the basis of raw material, type, application, end-user industry, and regions. By raw material, the global green and bio polyol market can be segmented into carbon dioxide, recycled polyols, sucrose, and natural oils & their derivatives. Polyester polyols and polyether polyols are the two types of green and bio polyols market. Polyether polyol accounted for the largest share of green & bio polyol market owing to the fact that it finds its usage in the production of rigid and flexible PU foam. Based on application, the market for green and bio polyol can be bifurcated into PU rigid foam, PU flexible foam, and coatings, adhesives, sealants & elastomers. PU flexible foam segment was the largest revenue contributor for the green and bio polyol market. The growth is mainly due to its use in the end use industry such as bedding & furniture. By end-user industry, the market can be divided as carpet backing, furniture & bedding, automotive, packaging, and construction.

North America, Europe, Asia-Pacific, Latin America and Middle East are the geographical segmentation for green and bio polyol market. North America was the biggest market for green and bio polyol. U.S. was the largest source of income for the North American green and bio polyol market. Major manufacturers for green and bio polyol market include Bayer AG, Cargill Inc., E.I. Du Pont De Nemours & Co., The DOW Chemical Company, Global Bio-Chem Technology Group, BASF SE, Jayant Agro Organics Pvt. Ltd., Stepan Company, Emery Oleochemicals, and Biobased Technologies LLC. These key players involved in the global green and bio polyol market are focusing on key market strategies which include new product developments, and joint ventures to meet the growing need from end-user industry.  

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