Bio Polyols Market Statistics
Bio Polyols Market Size Outlook, USD Billion, 2020- 2028
The global Bio Polyols market size is estimated to reach $8.6 Billion in 2028 from $4.2 Billion in 2020, at a CAGR of 9.47% between 2021 and 2028.
Bio Polyols Industry Panorama
Bio Polyols are synthesized from vegetable oils and other renewable sources. Companies are focusing on matching prices to fossil fuel-based Polyols, technical advantages, and saving costs in production. Instead of using a petrochemical-based feedstock, bio-Polyols are made from a variety of plants such as castor, corn, pine, sunflower, canola (rapeseed), soy, palm, or linseed.
Advances in the biotech industry are encouraging the wide adoption of plant-based resources. Key advantages of bio Polyols such as lower carbon footprint, wide availability of the plant resources across markets, ability to manufacture high-performance polyurethanes using bio-Polyols are supporting the use of bio Polyols across applications. Bio Polyols are being developed for both flexible and rigid foam applications.
Further, better heat dissipation, chemical resistance, Hydrolysis resistant, high oxidative stability, Low volatile and bio-degradable, sustainable content properties encourage rapid penetration across applications. In particular, sporting goods, automotive, coating, and adhesive sectors are rapidly adopting bio-based Polyols.
The market growth is driven by increasing demand for adhesives and sealants applications, Health concerns associated with synthetic-based Polyols, mature market conditions for conventional Polyols in developed countries, demand from construction/insulation applications and other driving forces.
On the other hand, challenges associated with negative impact of COVID-19 conditions, higher costs than fossil fuel-based Polyols, operational challenges and longer times for approval restrict market growth.
Bio Polyols Market Trends- Increasing demand for adhesives and sealants
Bio Polyol-based adhesives and sealants with high durability, high moisture resistance, and thermal stability without post-hardening properties are increasingly gaining demand.
As conventional polyether PU is susceptible to degradation when exposed to UV rays and polyester-based PU is susceptible to hydrolysis, more users are shifting towards bio-based Polyols.
Demand for bio-based products as adhesives is widely being observed across diverse industries including transportation and construction, furniture, electronics, packaging, and sportswear industries.
Availability of cheaper raw materials, with greater availability and with high price stability is encouraging the use of bio Polyols in manufacturing adhesives and sealants.
The application of bio Polyols for the manufacture of sealants is increasing steadily as the demand from the automotive industry for noise and dust resistance in windows, doors, roofs, and other components.
Bio Polyols Market Trends- Health concerns associated with synthetic-based Polyols
Environmental and health issues associated with conventional Polyols are encouraging the demand for bio-based Polyols. Conventional Polyols emit air pollutants that cause health disorders such as fatigue, nausea, headache, abdominal discomfort, and other health challenges. Polyols conventionally manufactured from petroleum products are subject to stringent regulatory norms, which supports the demand for bio-based Polyols. Since Polyol form part of the main components of polyurethane formulations, the adoption of vegetable oil enables the development of products with high renewable content.
Bio Polyols Market Report Segmentation
1. TABLE OF CONTENTS 2
List of Tables 7
List of Figures 9
2. EXECUTIVE SUMMARY 12
Summary 12
Bio Polyols Industry Outlook, 2020 – 2028 13
Abbreviations 14
3. INTRODUCTION TO BIO POLYOLS MARKET 15
Market Segments - Types, Applications, and Regions 15
Research Methodology 16
4. MACRO FACTORS SHAPING BIO POLYOLS MARKET OUTLOOK 17
Economic Factors 17
Demographic Factors 18
5. OVERVIEW OF THE BIO POLYOLS MARKET 19
Bio Polyols Industry Panorama, 2022 19
Bio Polyols Companies Profiled in the Report 21
Bio Polyols Market Dynamics 21
Bio Polyols Market Challenges 23
Regional Analysis 25
6. TRENDS IN BIO POLYOLS MARKET TYPES 26
Largest Types 26
Polyether Bio Polyols Market Size Outlook 27
Polyester Bio Polyols Market Size Outlook 29
7. TRENDS IN APPLICATIONS 31
PU Flexible Foam 32
PU Rigid Foam 33
CASE 34
Other Applications 35
8. LEADING END USER INDUSTRIES OF BIO POLYOLS 36
Furniture 36
Construction 37
Appliances 38
Automotive 38
Others 38
9. GLOBAL OUTLOOK ACROSS COVID-19 RECOVERY SCENARIOS 39
Low Growth Scenario 39
Reference Case Scenario 39
High Growth Case Scenario 39
10. NORTH AMERICA BIO POLYOLS MARKET 40
North America Bio Polyols Market Size Outlook 40
North America Bio Polyols Market Trends and Opportunities 41
Polyether Bio Polyols dominate the North American Market 41
PU Flexible Foam is the leading consumer of Bio Polyols in North America 42
The US dominates the North American Bio Polyols Market 43
Market Outlook by Country 44
United States Bio Polyols Market Size Outlook 44
Canada Bio Polyols Market Size Outlook 46
Mexico Bio Polyols Market Size Outlook 47
11. EUROPE BIO POLYOLS MARKET ANALYSIS 48
Europe Bio Polyols Market Size Outlook 48
Bio Polyols Market Trends and Opportunities 50
Polyether Bio Polyols dominates the European Market 50
PU Flexible Foam is the leading consumer of Bio Polyols in Europe 51
Germany dominates the European Bio Polyols Market 52
Market Outlook by Country 53
Germany Bio Polyols Market Size Outlook 53
United Kingdom Bio Polyols Market Size Outlook 54
France Bio Polyols Market Size Outlook 55
Spain Bio Polyols Market Size Outlook 56
Italy Bio Polyols Market Size Outlook 57
Other Europe Bio Polyols Market Size Outlook 58
12. ASIA PACIFIC BIO POLYOLS MARKET 59
Asia Pacific Bio Polyols Market Size Outlook 59
Bio Polyols Market Trends and Opportunities 61
Polyether Bio Polyols dominate the Asia Pacific Market 61
PU Flexible Foam is the leading consumer of Bio Polyols in Asia Pacific 62
China dominates the Asia Pacific Bio Polyols Market 63
Market Outlook by Country 64
China Bio Polyols Market Size Outlook 64
India Bio Polyols Market Size Outlook 66
Japan Bio Polyols Market Size Outlook 68
South Korea Bio Polyols Market Size Outlook 69
Other Asia Pacific Bio Polyols Market Size Outlook 70
13. LATIN AMERICA BIO POLYOLS MARKET 71
Latin America Bio Polyols Market Size Outlook 71
Latin America Bio Polyols Market Trends and Opportunities 72
Polyether Bio Polyols dominate the Latin American Market 72
PU Flexible Foam is the Leading Consumer of Bio Polyols in Latin America 73
Brazil dominates the Latin America Bio Polyols Market 74
Market Outlook by Country 75
Brazil Bio Polyols Market Size Outlook 75
Argentina Bio Polyols Market Size Outlook 76
Rest of Latin America Bio Polyols Market Size Outlook 77
14. MIDDLE EAST AND AFRICA BIO POLYOLS MARKET 78
Middle East and Africa Bio Polyols Market Size Outlook 78
Middle East and Africa Bio Polyols Market Trends and Opportunities 80
Polyether Type Bio Polyols dominates the Middle East and Africa Market 80
PU Flexible Foam is the leading consumer of Bio Polyols in Middle East and Africa 81
Middle East dominates the MEA Bio Polyols slices Market 82
Market Outlook by Country 83
Middle East Bio Polyols Market Size Outlook 83
Africa Bio Polyols Market Size Outlook 84
15. COMPETITIVE LANDSCAPE 85
BASF SE 85
DOW, Inc. 96
Emery Oleochemicals LLC 104
Cargill, Inc. 109
BioBased Technologies LLC 115
16. APPENDIX 118
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