Green and Bio Polyols Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Green and Bio Polyols Market Analysis and is segmented by Material Type (Polyether Polyols, Polyester Polyols, and Other Types), End-user Industry (Automotive, Building and Construction, Furniture, Packaging, and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Green and Bio Polyols Market Size

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Green and Bio Polyols Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Green and Bio Polyols Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Green and Bio Polyols Market Analysis

The market for green and bio polyols is expected to grow at a CAGR of more than 5% globally during the forecast period.

Increasing applications for bio-friendly organic compounds and growing demand from the construction industry are driving the market growth.

High cost and the Impact of COVID-19 which in turn is expected to hinder the market growth.

Green and Bio Polyols Market Trends

This section covers the major market trends shaping the Green & Bio Polyols Market according to our research experts:

Growing Demand from Construction and Automotive Sectors

  • Green polyols and bio polyols are eco-friendly organic alcohol solutions containing multiple hydroxyl groups. Green polyols are derived from polyurethanes and polyethylene terephthalates. Bio polyols are derived from oils such as canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil.
  • Green polyols and bio polyols are being used in the production of many applications such as polyurethane, thermoplastic elastomers, coatings, adhesives, sealants, artificial leather, etc.
  • The demand for coatings, adhesives, and thermoplastic elastomers has been rising from various end-user industries in recent years. Construction and Automotive are the fastest-growing end-user segments in terms of green polyols and bio polyols consumption.
  • Due to the environmentally friendly nature, automotive and construction sectors have been adopting green and bio polyols in various applications.
  • Green and bio polyols are being used in automotive applications such as seat backrests, headrests, armrests, car interior parts, insulation purposes and construction applications include residential, commercial, infrastructure, and other industrial purposes.
  • Recently, the outbreak of COVID-19 in all regions is expected to decrease the demand from the automotive and other end-user industries for the next two years.
  • Increasing applications for environmentally friendly polyols in automobiles, technological advancements in the construction industry are expected to the demand for green and bio polyols through the years to come.
Green and Bio Polyols Market, Volume (%), by End-user Industry, Global, 2019

Asia-Pacific Region to Dominate the Market in the Coming Years

  • Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the construction and furniture segments through the years.
  • Green and bio polyols are being used to make rigid and flexible PU foams and adhesives that are utilized for packaging and furniture applications. Asia-Pacific is one of the leading exporters of various products to different regions and is the major driving region in the packaging segment.
  • Especially, China is one of the prominent producers and exporters of furniture. Green and bio polyols are being used to make artificial leathers, carpet backing, furniture and for bedding applications.
  • Living, Dining, and bedroom furniture segments play an important role in China's economy. These furniture divisions are estimated to have provided a revenue of USD 80 billion to China, in 2019.
  • According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), although there's a decline in 2019, Asia-Pacific leads global automobile production in recent years.
  • Also, growing construction industry, rising government regulations on pollution, rapid industrialization further are projected to support in the growth of the green polyols and bio polyols market in the Asia-Pacific region.
Green and Bio Polyols Market - Growth Rate by Region, 2020 - 2025

Green and Bio Polyols Industry Overview

The global green polyols and bio polyols market is partially consolidated in nature with a few major players occupying a significant portion of the market. Some of the major companies are Emery Oleochemicals, Cargill Inc, Arkema SA, Mitsui Chemicals, Inc, and BASF SE, among others.

Green and Bio Polyols Market Leaders

  1. Emery Oleochemicals

  2. BASF SE

  3. Cargill Inc

  4. Arkema SA

  5. Mitsui Chemicals, Inc

*Disclaimer: Major Players sorted in no particular order

Green and Bio Polyols Market Concentration
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Green and Bio Polyols Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Applications for Bio-Friendly Organic Compounds

      2. 4.1.2 Growing Demand from the Construction Industry

    2. 4.2 Restraints

      1. 4.2.1 High cost and Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material Type

      1. 5.1.1 Polyether Polyols

      2. 5.1.2 Polyester Polyols

      3. 5.1.3 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Building and Construction

      3. 5.2.3 Furniture

      4. 5.2.4 Packaging

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema S.A

      2. 6.4.2 BASF SE

      3. 6.4.3 Bayer

      4. 6.4.4 Cargill Inc

      5. 6.4.5 Emery Oleochemicals

      6. 6.4.6 Huntsman International LLC

      7. 6.4.7 Jayant Agro-Organics Limited

      8. 6.4.8 Kemipex

      9. 6.4.9 Mitsui Chemicals, Inc

      10. 6.4.10 Piedmont Chemical Industries, Inc.

      11. 6.4.11 Polylabs

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand for Home Appliances

    2. 7.2 Other Opportunities

**Subject to Availability
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Green and Bio Polyols Industry Segmentation

The Green and Bio Polyols Market report include:

Material Type
Polyether Polyols
Polyester Polyols
Other Types
End-user Industry
Automotive
Building and Construction
Furniture
Packaging
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Green and Bio Polyols Market Research FAQs

The Green and Bio Polyols Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Emery Oleochemicals , BASF SE , Cargill Inc , Arkema SA and Mitsui Chemicals, Inc are the major companies operating in the Green and Bio Polyols Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Green and Bio Polyols Market.

The report covers the Green and Bio Polyols Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Green and Bio Polyols Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Green and Bio Polyols Industry Report

Statistics for the 2024 Green and Bio Polyols market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Green and Bio Polyols analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Green and Bio Polyols Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)