Natural Oil Polyols Market Size , Share & Trends Analysis Report By Product (Soy oil, Castor oil, Palm oil, Canola oil, Sunflower oil, Others), By Application (Furniture and Interiors, Construction, Electronics & Appliances, Others), By Region, And Segment Forecasts, 2023

The global natural oil polyols market size is expected to reach USD 11.40 billion by 2030, registering a CAGR of 7.8% from 2023 to 2030. The market demand is driven by the increasing demand for lightweight and highly durable products in industries, including automotive, construction, and electronics, especially in emerging economies such as China, India, and Indonesia.

The growth of the market is likely to be propelled by the increasing consumption of bio-based polyurethane foams in automotive, construction, electrical and electronics, and other sectors. Regular efforts to reduce vehicle weight to enhance fuel efficiency and reduce carbon emissions have propelled the automotive OEMs to embrace the use of polyurethane foams obtained from natural oils polyol in different automotive components, such as seat covers and interiors.

Soy oil polyols are majorly used as an alternative industrial ingredient for polyurethane products in binder systems, such as carpet backing. They are also used as flexible foams in upholstered furniture, automobile seats, mattresses, pillows, and carpet cushions. The surging demand for soy oil polyols for use in food and animal feed is also estimated to fuel the growth of this segment.

The expanding construction sector in Asia Pacific is anticipated to drive the demand for natural oils polyol-based products in building components, such as insulation protective materials, exterior panels, and housing electronics. The market is highly competitive due to the presence of a large number of multinationals that are engaged in constant research & development activities. Companies such as Cargill, Incorporated; BASF SE; Jayant Agro-Organics Ltd.; and Mitsui Chemicals, Inc. dominate the market with a range of products for each application market and their global brand presence.

Natural Oil Polyols Market Report Highlights

The market is expected to witness significant growth over the forecast period due to the growing awareness regarding the conservation of resources and optimum manufacturing processes
By product, The soy oil segment accounted for the largest revenue share of 36.0% in 2022. The surging demand for soy oil polyols for use in food and animal feed is estimated to fuel the segment growth
The construction segment dominated the market and held the market share of 31.8% in 2022 owing to the growing use of polyurethanes in the construction of roofs and walls of buildings
North America dominated the market and held a market share of 44.9% in 2022 due to the presence of multinational companies in the region, coupled with the high demand from the end-use industries, such as construction, furniture, electronics, and automotive
Government initiatives to encourage bio-based products consumption in the U.S. and Canada have been driving natural oils polyol consumption in the region

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Natural Oil Polyols Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Natural Oil Polyols Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Natural Oil Polyols: Product Estimates & Trend Analysis

5.1. Natural Oil Polyols Market: Key Takeaways
5.2. Natural Oil Polyols Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Soy Oil
5.3.1. Soy oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.4. Castor Oil
5.4.1. Castor oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.5. Palm Oil
5.5.1. Palm oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.6. Canola Oil
5.6.1. Canola oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.7. Sunflower Oil
5.7.1. Sunflower oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.8. Others
5.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 6. Natural Oil Polyols: Application Estimates & Trend Analysis

6.1. Natural Oil Polyols Market: Key Takeaways
6.2. Natural Oil Polyols Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Furniture and Interiors
6.3.1. Furniture and interiors market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.4. Construction
6.4.1. Construction market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.5. Electronics & Appliances
6.5.1. Electronics & Appliances market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.6. Automotive
6.6.1. Automotive market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.7. Footwear
6.7.1. Footwear market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.8. Packaging
6.8.1. Packaging market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.9. Others
6.9.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 7. Natural Oil Polyols Market: Regional Estimates & Trend Analysis

7.1. Regional Outlook
7.2. Natural Oil Polyols Market by Region: Key Marketplace Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4. Europe
7.4.1. Germany
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4.2. France
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4.3. Italy
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4.4. Spain
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4.5. Russia
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.4.6. Belgium
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.5.5. Thailand
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Cargill, Incorporated
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Basf SE
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Jayant Agro Organics Ltd.
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Stepan Company
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Elevance Renewable Sciences Inc.
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Biobased Technologies
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Emery Oleochemicals
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Mitsui Chemicals, Inc.
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Vertellus
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives

List of Tables

Table 1 List of Abbreviation
Table 2 North America Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 3 North America Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 4 North America Natural Oil Polyols Market, By Region, 2018-2030 (USD Million, Kilo Tons)
Table 5 U.S. Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 6 U.S. Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 7 Canada Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 8 Canada Natural Oil Polyols Market, By Application, (USD Million, Kilo Tons) 2018 - 2030
Table 9 Mexico Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 10 Mexico Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 11 Europe Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 12 Europe Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 13 Europe Natural Oil Polyols Market, By Region, 2018-2030 (USD Million, Kilo Tons)
Table 14 Germany Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 15 Germany Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 16 UK Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 17 UK Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 18 France Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 19 France Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 20 Italy Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 21 Italy Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 22 Spain Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 23 Spain Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 24 Belgium Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 25 Belgium Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 26 Russia Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 27 Russia Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 28 Asia Pacific Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 29 Asia Pacific Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 30 Asia Pacific Natural Oil Polyols Market, By Region, 2018-2030 (USD Million, Kilo Tons)
Table 31 China Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 32 China Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 33 Japan Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 34 Japan Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 35 India Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 36 India Natural Oil Polyols Market, By Application, (USD Million, Kilo Tons) 2018 - 2030
Table 37 Southeast Asia Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 38 Southeast Asia Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 39 South Korea Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 40 South Korea Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 41 Central & South America Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 42 Central & South America Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 43 Central & South America Natural Oil Polyols Market, By Region, 2018-2030 (USD Million, Kilo Tons)
Table 44 Brazil Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 45 Brazil Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 46 Argentina Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 47 Argentina Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 48 Middle East and Africa Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 49 Middle East and Africa Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 50 Middle East and Africa Natural Oil Polyols Market, By Region, 2018-2030 (USD Million, Kilo Tons)
Table 51 South Africa Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 52 South Africa Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)
Table 53 Saudi Arabia Natural Oil Polyols Market, By Product, 2018-2030 (USD Million, Kilo Tons)
Table 54 Saudi Arabia Natural Oil Polyols Market, By Application, 2018-2030 (USD Million, Kilo Tons)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Natural oil polyols: Market outlook
Fig. 9 Natural oil polyols: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Natural oil polyols market driver impact
Fig. 15 Natural oil polyols market restraint impact
Fig. 16 Natural oil polyols market strategic initiatives analysis
Fig. 17 Natural oil polyols market: Product movement analysis
Fig. 18 Natural oil polyols market: Product outlook and key takeaways
Fig. 19 Soy oil market estimates and forecasts, 2018-2030
Fig. 20 Castor oil market estimates and forecasts, 2018-2030
Fig. 21 Palm oil market estimates and forecasts, 2018-2030
Fig. 22 Canola oil market estimates and forecasts, 2018-2030
Fig. 23 Sunflower oil market estimates and forecasts, 2018-2030
Fig. 24 Others oil market estimates and forecasts, 2018-2030
Fig. 25 Natural oil polyols market: Application movement analysis
Fig. 26 Natural oil polyols market: Application outlook and key takeaways
Fig. 27 Furniture and interiors market estimates and forecasts, 2018-2030
Fig. 28 Construction market estimates and forecasts, 2018-2030
Fig. 29 Electronics & appliances market estimates and forecasts, 2018-2030
Fig. 30 Automotive market estimates and forecasts, 2018-2030
Fig. 31 Footwear market estimates and forecasts, 2018-2030
Fig. 32 Packaging market estimates and forecasts, 2018-2030
Fig. 33 Others market estimates and forecasts, 2018-2030
Fig. 34 Global natural oil polyols market: Regional movement analysis
Fig. 35 Global natural oil polyols market: Regional outlook and key takeaways
Fig. 36 North America market estimates and forecasts, 2018-2030
Fig. 37 U.S. market estimates and forecasts, 2018-2030
Fig. 38 Canada market estimates and forecasts, 2018-2030
Fig. 39 Mexico market estimates and forecasts, 2018-2030
Fig. 40 Europe market estimates and forecasts, 2018-2030
Fig. 41 UK market estimates and forecasts, 2018-2030
Fig. 42 Germany market estimates and forecasts, 2018-2030
Fig. 43 France market estimates and forecasts, 2018-2030
Fig. 44 Italy market estimates and forecasts, 2018-2030
Fig. 45 Spain market estimates and forecasts, 2018-2030
Fig. 46 Belgium market estimates and forecasts, 2018-2030
Fig. 47 Russia market estimates and forecasts, 2018-2030
Fig. 48 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 49 Japan market estimates and forecasts, 2018-2030
Fig. 50 China market estimates and forecasts, 2018-2030
Fig. 51 India market estimates and forecasts, 2018-2030
Fig. 52 Southeast Asia market estimates and forecasts, 2018-2030
Fig. 53 South Korea market estimates and forecasts, 2018-2030
Fig. 54 Central & South America market estimates and forecasts, 2018-2030
Fig. 55 Brazil market estimates and forecasts, 2018-2030
Fig. 56 Argentina market estimates and forecasts, 2018-2030
Fig. 57 Middle East and Africa. market estimates and forecasts, 2018-2030
Fig. 58 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 59 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

Cargill, Incorporated
Basf SE
Jayant Agro Organics Ltd.
Stepan Company
Elevance Renewable Sciences Inc.
Biobased Technologies
Emery Oleochemicals
Mitsui Chemicals, Inc.
Vertellus

Methodology

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Table Information

Report Attribute	Details
No. of Pages	90
Published	October 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 6.23 Billion
Forecasted Market Value ( USD ) by 2030	$ 11.4 Billion
Compound Annual Growth Rate	7.8%
Regions Covered	Global
No. of Companies Mentioned	9

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Natural Oil Polyols Market Size , Share & Trends Analysis Report By Product (Soy oil, Castor oil, Palm oil, Canola oil, Sunflower oil, Others), By Application (Furniture and Interiors, Construction, Electronics & Appliances, Others), By Region, And Segment Forecasts, 2023 - 2030

Natural Oil Polyols Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

Natural Oil Polyols Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

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