Green and bio polyols are high quality bio-based polyols synthesized by using renewable materials such as tall oils or rapeseed. The major application of these polyols is the manufacture of rigid polyurethane foams for thermal insulation application. Polyether polyols is the largest market for green and bio polyols in 2015.  Polyether polyols find extensive applications in the manufacture of flexible and rigid polyurethane foams. These foams are widely used in construction, bedding &furniture, and automotive sector. A number of different sources are observed which are used in the synthesis of the green and bio polyols.

Market Dynamics

The major driving factor for the green and bio polyols market is increasing demand from various sectors such as automotive, construction and others. Increasing demand for the automotive vehicles, light weight of the material, and increasing demand for the better material for the manufacturing will support the growth of the market during the forecasted period. Additionally, the lower cost of polyether polyols in comparison to other alternatives like polyesters further propels the growth of the market globally. During last few years, there is an increase in the demand for the bio-based products which has supported the market growth. In near future, the market will possess a healthy growth owing to its various advantages over other available products.

However, lack of awareness among the people in developing region may restrain the growth of the market.

Market Classification and Overview

The global green and bio polyols market is segmented into raw material, types, and application. On the basis of raw materials, the market is segmented into natural oils and their derivatives, sucrose, carbon dioxide, recycled polymers, and others. On the basis of type, the market is segmented into polyether polyols and polyester polyols. On the basis of application, the market is segmented into Pu flexible foam, coatings, adhesives, sealants, & elastomers, Pu rigid foam, and others.

Regional Overview

Geographically, the global green and bio polyols market is bifurcated into four major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

APAC is expected to dominate the market owing to the increasing production capacity of automotive components, especially, in the countries such as China, and India. Additionally, increasing demand from various sectors, and increasing demand for coating material have led to increase the demand for green and bio polyols, which in turn affected the growth of the market positively.

North America is expected to hold the handsome share owing to the increasing demand for the aluminum alloy from automotive sectors, well developed automotive sector, and increasing government support. Increasing focus on fuel efficiency and forcing the manufacturers to meet the consumers demand has made the vehicles lighter and safe is also boosting the market in North America. Europe accounts for the second leading market owing to the availability of huge investments, increasing awareness about the bio products and presence of huge players. On the other hand, LAMEA is expected to have the steady growth which is majorly driven by middle east region. The Middle East region holds the major share in the market owing to the high spending power and well developed industrial sector.

Report Coverage

The global green and bio polyols market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2026, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2026 as the forecast period to estimate the market size for green and bio polyols.

Market Participants

• BASF SE
• Cargill Inc.
• Bayer AG
• Stepan Company
• The DOW Chemical Company
• Jayant Agro Organics Pvt. Ltd.
• Global Bio-Chem Technology Group
• Emery Oleochemicals
• E.I. Du Pont De Nemours & Co.
• Biobased Technologies LLC
• Polygreen Chemicals
• Huntsman Corporation
• Novomer
• Roquette
• Mitsui Chemicals
• Koch Industries

Market Segmentation

Market By Raw Material

• Natural Oils and Their Derivatives
• Sucrose
• Carbon Dioxide
• Recycled Polymers
• Others

Market By Type

• Polyether Polyols
• Polyester Polyol

Market By Application

• Pu Flexible Foam
• Coatings, Adhesives, Sealants, and Elastomers
• Pu Rigid Foam
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA