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Market Overview of Global Green and Bio Polyols market:
According to our latest research, the global Green and Bio Polyols market looks promising in the next 5 years. As of 2022, the global Green and Bio Polyols market was estimated at USD 3557.63 million, and it's anticipated to reach USD 5008.18 million in 2028, with a CAGR of 5.87% during the forecast years.
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.
Bio-Based Polyurethane Market Developments
Polyurethane (PU), as a synthetic polymer material, plays a very important role in life and industry because of its good mechanical properties, heat insulation, and chemical resistance. Polyurethane materials are mainly divided into foam porous materials and non-porous materials, which can be further subdivided into foams, elastomers, sealants, adhesives, coatings, thermosetting and thermoplastic materials, etc., and are widely used in packaging, construction, furniture, automobiles, etc., bedding, biomedical and thermal insulation materials, and other fields. However, polyols and isocyanates, two major raw materials for the production of polyurethane, are currently mainly derived from petroleum resources. With the depletion of petroleum resources and the aggravation of environmental problems, the preparation of polyurethane from green and renewable biomass resources has become one of the important directions for the development of the emerging materials industry and biomass industry. Compared with petroleum-based polyurethane raw materials, bio-based polyurethane raw materials have lower toxicity, more abundant sources, and lower prices, which are conducive to the expansion of industrial production scale and the reduction of production costs. Bio-based PU can combine the green, environment-friendly, resource-saving characteristics of bio-based materials with the advantages of PU applications. At present, with the development of green environmental protection, the demand for bio-based polyurethane materials in the fields of Furniture and Bedding, Construction/Insulation, Automotive, and Packaging continues to expand, and the market scale continues to grow. For example, under normal circumstances, polyurethane rigid foam products can be used for heat insulation and other modern construction activities, while saving energy and reducing emissions, while ensuring the comfort of living in the house. In the field of construction, bio-based polyurethane can replace traditional petroleum polyurethane. Green and Bio Polyols are the main raw materials for the production of bio-based polyurethanes, therefore, the growth of the bio-based polyurethane market is one of the driving factors driving the industry.
Green and Bio Polyols have a wide range of raw materials
As more and more people are keen on low-carbon life and environmental protection materials, bio-based environmental protection materials have been widely concerned and applied. The biomass raw materials used in the preparation of Green and Bio Polyols are rich in resources, mainly including vegetable oil, starch, sucrose, lignin, cellulose, turpentine, etc. Biomass raw materials can generate Green and Bio Polyols through esterification reaction, epoxidation reaction, addition reaction, liquefaction, high-temperature degradation and other reactions. The raw materials for the synthesis of vegetable oil polyols include rapeseed oil, soybean oil, olive oil, palm oil, tung oil, castor oil, jatropha oil, pistachio oil, etc. In general, compared with traditional petroleum-based polyols, Green and Bio Polyols has a wide range of raw materials, which are easily available and renewable. This will be one of the important factors driving the development of the industry.
Synthesis and Application Technical Difficulties
At present, the synthesis and application of Green and Bio Polyols still face a series of problems. First of all, in terms of synthesis technology, the main component of woody vegetable oils is unsaturated mixed fatty acid glycerides, and its molecular structure contains unsaturated double bonds and ester bonds. In the actual production process, it is faced with catalytic technical difficulties in the process of double bond utilization and technical difficulties in the process of ester bond utilization. The technical difficulty in the synthesis of Green and Bio Polyols is one of the challenges facing the development of the industry market. In addition, in terms of application technology, in view of the characteristics of bio-based polyols such as long carbon chain and low degree of branching, it is necessary to develop a suitable formulation system to ensure product quality stability. The difficulties faced by Green and Bio Polyols in the field of application technology are also one of the challenges facing the development of the industry.
Region Overview:
In 2022, the share of the Green and Bio Polyols market in North America stood at 34.13%.
Company Overview:
The major players operating in the Green and Bio Polyols market include BASF SE, DOW Chemical Company, Covestro, Cargill, Emery Oleochemicals, etc. Among which, BASF SE ranked top in terms of sales and revenue in 2023.
We continuously seek for more sustainable solution sourcing from nature.
As bio-based polyols, Sovermol® has been specially designed for application in flooring coating, waterpipe coating, adhesive and putty applications. It aids to safe and clean pipe surface for drinking water; it provides comfortable, elastic and reliable flooring coating for gyms or kindergartens; it offers green protection to our wind energy equipment for clean energy to enlighten our home and life with be-loved family. Furthermore, Sovermol® can be used to formulate low VOC or solvent-free coating system as well as alternative coating for BPA containing epoxy system in certain applications.
Sovermol® products are polyfunctional alcohols made of renewable raw materials such as rapeseed oil, castor oil, soybean oil and palm kernel oil. Based on BASF advanced technology, Sovermol® is added 2 functional groups Polyester and Polyester in one molecule which well balance Hydrolysis stability and Hydrophobic properties respectively. This uniqueness enriches Sovermol® properties like good adhesion, excellent workability and good weathering.
These natural oil-based polyos help you to comply with environmental standards while meeting even the toughest coating requirements. What's more - improving the environmental profile of your process will make your products more attractive to both existing and new potential customers.
A high functionality, EO capped, polyether product. Its high molecular weight, functionality and high primary hydroxyl content make it well suited for high resilience, flexible molded foams.
Segmentation Overview:
By type, Soybean oil segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Furniture and Bedding segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Green and Bio Polyols market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Green and Bio Polyols Market Report:
Market Size Estimates: Green and Bio Polyols market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Green and Bio Polyols market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Green and Bio Polyols market
Segment Market Analysis: Green and Bio Polyols market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Green and Bio Polyols market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Green and Bio Polyols Market: Revenue and sales volume of major countries in each region
Green and Bio Polyols Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Green and Bio Polyols market in major regions.
Green and Bio Polyols Industry Value Chain: Green and Bio Polyols market raw materials & suppliers, manufacturing process, distributors, downstream customers
Green and Bio Polyols Industry News, Policies & Regulations
Key players in the global Green and Bio Polyols market are covered in Chapter 12:
DOW Chemical Company
Koch Industries(Invista)
Huntsman Corporation
Vithal Castor Polyols
Wanhua Chemical Group Co.,Ltd
Emery Oleochemicals
BASF SE
Stepan Company
Saudi Aramco
Alberdingk Boley
Cargill
Polygreen Chemicals
Covestro
Roquette
In Chapter 2 and Chapter 15.1, based on types, the Green and Bio Polyols market from 2018 to 2028 is primarily split into:
Soybean oil
Castor Oil
CO2
Sucrose
Recycled Polymers
In Chapter 3 and Chapter 15.2, based on applications, the Green and Bio Polyols market from 2018 to 2028 covers:
Furniture and Bedding
Construction/Insulation
Automotive
Packaging
Carpet Backing
Engineered Components
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Green and Bio Polyols market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028