The global green polyols market was valued at $7.3 billion in 2021, and is projected to reach $17.2 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.
Green polyols are most typically used as the primary component in the production of polyurethanes, the sixth most significant polymer family. Green polyols are used in bedding & upholstery, print rollers, fabric coatings, and footwear midsoles. Green polyol polyurethane enables the production of seating that is readily constructed, dismantled, and recycled while maintaining excellent performance criteria across a wide range of stiffness and weight. Polyurethane foams are used to make arm rests, head rests, cushioned instrument panels, and other components of the car's interior.
Green polyols are employed in practically any range of forms and hardness compared to substitute goods due to their light weight, durability, support, and comfortability. Alternative Latex lesser quality foams can break down quickly, producing sagging difficulties within a few months or years. Green polyols are utilized in the automobile sector to increase the tensile stability, impact resistance, and low and high-temperature properties of vehicle seats, bumpers, suspension insulators, and other interior components. Green polyols artificial leather is becoming more popular in applications such as textiles, footwear, outerwear, and furniture, among others, where a leather-like texture is desired. Thus, the increasing demand for end-use industry is expected to market growth.
Rising demand for bio-based polyols in car manufacturing will generate a lucrative opportunity during the forecast period. Green polyols are among the most versatile polymers, being used in rigid and flexible foams in coatings, films, and other products. Green polyols are made from a variety of basic materials, including thermoplastics, elastomers, and adhesives. Green polyols can increase load-bearing or hardness qualities in molded foams such as automobile seats and headrests when compared to traditional polyols, which are widely used in the automotive sector.
The green polyols market is segmented into type, application, end-use industry, and region. On the basis of type, the market is bifurcated into polyether polyols and polyester polyols. On the basis of application, the market is categorized into polyurethane foam, adhesives & sealants, coatings, and others. On the basis of the end-use industry, the market is classified into furniture & bedding, construction, packaging, automotive, and others. Region-wise, the green polyols market share is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global green polyols market include Synthesia Technology Group, UniSol, BASF SE, Cargill Incorporated, Arkema, Covestro AG, IQS Global, BioBased Technologies, Emery Oleochemicals LLC, and Roquette.
Green polyols are most typically used as the primary component in the production of polyurethanes, the sixth most significant polymer family. Green polyols are used in bedding & upholstery, print rollers, fabric coatings, and footwear midsoles. Green polyol polyurethane enables the production of seating that is readily constructed, dismantled, and recycled while maintaining excellent performance criteria across a wide range of stiffness and weight. Polyurethane foams are used to make arm rests, head rests, cushioned instrument panels, and other components of the car's interior.
Green polyols are employed in practically any range of forms and hardness compared to substitute goods due to their light weight, durability, support, and comfortability. Alternative Latex lesser quality foams can break down quickly, producing sagging difficulties within a few months or years. Green polyols are utilized in the automobile sector to increase the tensile stability, impact resistance, and low and high-temperature properties of vehicle seats, bumpers, suspension insulators, and other interior components. Green polyols artificial leather is becoming more popular in applications such as textiles, footwear, outerwear, and furniture, among others, where a leather-like texture is desired. Thus, the increasing demand for end-use industry is expected to market growth.
Rising demand for bio-based polyols in car manufacturing will generate a lucrative opportunity during the forecast period. Green polyols are among the most versatile polymers, being used in rigid and flexible foams in coatings, films, and other products. Green polyols are made from a variety of basic materials, including thermoplastics, elastomers, and adhesives. Green polyols can increase load-bearing or hardness qualities in molded foams such as automobile seats and headrests when compared to traditional polyols, which are widely used in the automotive sector.
The green polyols market is segmented into type, application, end-use industry, and region. On the basis of type, the market is bifurcated into polyether polyols and polyester polyols. On the basis of application, the market is categorized into polyurethane foam, adhesives & sealants, coatings, and others. On the basis of the end-use industry, the market is classified into furniture & bedding, construction, packaging, automotive, and others. Region-wise, the green polyols market share is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global green polyols market include Synthesia Technology Group, UniSol, BASF SE, Cargill Incorporated, Arkema, Covestro AG, IQS Global, BioBased Technologies, Emery Oleochemicals LLC, and Roquette.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green polyols market analysis from 2021 to 2031 to identify the prevailing green polyols market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the green polyols market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global green polyols market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Polyether Polyols
- Polyester Polyols
By Application
- Polyurethane Foam
- Adhesives and Sealants
- Coatings
- Others
By End-use Industry
- Construction
- Packaging
- Automotive
- Others
- Furniture and Bedding
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- UniSol
- BASF SE
- Cargill Incorporated
- Arkema
- Covestro AG
- BioBased Technologies
- Emery Oleochemicals LLC
- Synthesia Technology Group
- IQS Global
- Roquette
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Patent Landscape
CHAPTER 4: GREEN POLYOLS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Polyether Polyols
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Polyester Polyols
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: GREEN POLYOLS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Polyurethane Foam
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Adhesives and Sealants
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Coatings
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: GREEN POLYOLS MARKET, BY END-USE INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Furniture and Bedding
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Construction
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Packaging
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Automotive
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
CHAPTER 7: GREEN POLYOLS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End-use Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by End-use Industry
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by End-use Industry
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by End-use Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End-use Industry
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by End-use Industry
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by End-use Industry
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by End-use Industry
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by End-use Industry
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by End-use Industry
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by End-use Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End-use Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by End-use Industry
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by End-use Industry
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by End-use Industry
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by End-use Industry
7.4.5.5 Australia
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by End-use Industry
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Type
7.4.5.6.3 Market size and forecast, by Application
7.4.5.6.4 Market size and forecast, by End-use Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End-use Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by End-use Industry
7.5.5.2 South Africa,
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by End-use Industry
7.5.5.3 Saudi Arabia
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by End-use Industry
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by End-use Industry
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Synthesia Technology Group
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 UniSol
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 BASF SE
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Cargill Incorporated
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Arkema
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Covestro AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 IQS Global
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 BioBased Technologies
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Emery Oleochemicals LLC
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Roquette
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'green polyols,' The green polyols market was valued at $7.3 billion in 2021, and is estimated to reach $17.2 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.Green polyols have abrasion, chemical, and oil resistance and are used in rollers, hauling belts, rollerblade wheels, hospital trolleys, printing rollers, and under-the-hood car applications. Green polyols have a wide range of qualities, including modern coatings made of polyurethane for durability and a glossy look. Green polyols can be used to make a variety of finished products such as sports shoe soles, eyeglasses, auto parts, cell and phone casings, and so on, whereas carbon-neutral oleochemicals, a polyester polyol, are widely used in the synthesis of high-performance lubricants, bio-based plasticizers, pharmaceuticals and herbicides and pesticides, perfumes and flavors, and organic skincare ingredients.
Rising use of bio-based polyols in automobile production is among the key drivers driving the growth of the green polyols market. Also. green polyols are among the most versatile polymers, being employed in stiff and flexible foams in coatings, films, and other goods. Green polyols are derived from a range of basic materials such as thermoplastics, elastomers, and adhesives. When compared to traditional polyols, which are commonly utilized in the automotive industry, green polyols can improve load-bearing or hardness properties in moulded foams such as vehicle seats and headrests.
The green polyols market is segmented into type, application, end-use industry, and region. On the basis of type, the market is bifurcated into polyether polyols and polyester polyols. On the basis of application, the market is categorized into polyurethane foam, adhesives & sealants, coatings, and others. On the basis of the end-use industry, the market is classified into furniture & bedding, construction, packaging, automotive, and others. Automotive segment is the fastest-growing segment with the highest CAGR. Green polyols foam is popular in the automobile sector due to its lightweight, durability, versatility, recycling, and great sound absorption and vibration-dampening capabilities. Low-emission methylene diphenyl isocyanate (MDI)-based foam systems for automotive interiors which is one of the innovative technologies that allow global automotive formulators and foam manufacturers to produce high-performance polyurethane foams. Passenger automobiles are the dominant sector, and the benefits of green polyol-based polyurethanes are fully utilized in this industry. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study include Synthesia Technology Group, UniSol, BASF SE, Cargill Incorporated, Arkema, Covestro AG, IQS Global, BioBased Technologies, Emery Oleochemicals LLC, and Roquette. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market.
Key Market Insights:
On the basis of type, the polyether polyols segment is the fastest growing segment, growing with a CAGR of 9.2%
By application, the polyurethane foam segment held the highest share of the market in 2021.
On the basis of end-use industry, the automotive segment is the fastest growing segment, growing with a CAGR of 9.5%
By region, North America dominated the market in 2021.
Companies Mentioned
- Unisol
- BASF SE
- Cargill Incorporated
- Arkema
- Covestro AG
- Biobased Technologies
- Emery Oleochemicals LLC
- Synthesia Technology Group
- Iqs Global
- Roquette
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 7.3 billion |
| Forecasted Market Value ( USD | $ 17.2 billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
