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Global Bio Polyol
and Green Polyol
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014
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Report
Description
Report Description
Green polyols and bio polyols are eco-friendly alcohol solutions containing multiple
hydroxyl groups. Green polyol is derived from recycled polyethylene terepthalate
(PET) and polyurethanes, while bio polyol is extracted from different vegetable oils
such as canola, castor and corn. Polyether polyols and polyester polyols are the two
primary types of green polyols and bio poyols which are commonly used. These
products are used in series of applications such as adhesives, sealants, coatings, and
polyurethane foams (flexible & rigid). Different end-user consumers of these polyols
include packaging, construction, transportation, furniture and carpet among others.
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The demand for green & bio polyols market has been majorly growing from certain
end user industries such as transportation and construction. Several growth factors
such as availability of raw materials and increasing prices of crude oil leading to price
rise in conventional polyols have contributed to the growth of the market. Other
factors such as the lower carbon footprint have also lead to a higher sustainability
for green polyols and bio polyols. However, lack of technology and desired effects as
compared to conventionally used polyols is expected to slow down the growth of the
green polyol and bio polyol market.
Report
Description
Report Description
North America is the largest consumer of green polyols and bio polyols where
soybean and corn are the commonly used raw materials to manufacture bio polyols.
Future market growth is expected to be from emerging regions such as Asia Pacific
with growth of the end-user industries such as automotive and packaging, which are
also expected to provide growth opportunities to the market.
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Arkema S.A., BASF SE, Biobased Technologies LLC, Bayer MaterialScience, Cargill Inc.,
Global Bio-Chem Technology Group Co. Ltd., Emery Oleochemicals (M) Sdn Bhd,
Johnson Controls Inc, and Jayant Agro Organics Ltd. are some of the key industry
manufacturers dominating the green polyol and bio polyol market.
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