Green & Bio Polyols Market - Forecast(2025 - 2031)

Report Code: CMR 62656 Report Format: PDF + Excel

Green & Bio Polyols Market Overview

Green & Bio Polyols Market Size is forecast to reach $ 17940 Million by 2030, at a CAGR of 10.20% during forecast period 2024-2030. The eco-friendly and sustainable nature of bio polyols, consistent supply of bio-based feedstock, and fluctuations in the price of crude oil are the factors driving the global market for green & bio polyols. Also, the implementation of strict environmental norms by various governments and favorable regulations which encourage manufacturers to increase the green polyol & bio polyol content in their products will boost the green & bio polyols industry in the forecast period.

Report Coverage

The “Green & Bio Polyols Market Report– Forecast (2019-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Green & Bio Polyols Industry.
By Type: Polyether Polyols and Polyester Polyols.
By Application: Foam, Coatings, Adhesives, Sealants, Elastomers, and Others.
By End Use: Furniture & Bedding, Automotive, Construction, Packaging, Carpet Backing, and Others.
By Geography: North America, South America, Europe, Asia-Pacific, and Middle East & Africa.

Key Takeaways

  • North America drives the market due to the increasing demand for green & bio polyols majorly growing from certain end-user industries such as transportation and construction.
  • Many products such as polyurethane, thermoplastic elastomers, coatings, adhesives, sealants, artificial leather are used in the manufacture of green & bio polyols.
  • The use of bio polyols in manufacturing foams has gained momentum as demand for raw materials such as recyclable bio polyols obtained from less polluting sources is gaining traction in developed countries. 
  • Due to the COVID-19 palindrome, the construction industry is expected to take a major hit due to labor shortages and the lockdown imposed by the government during COVID-19, which is expected to be aggravated by the resulting supply chain issues and financing pressures due to the non-adherence to the completion times. 

Type-Segment Analysis

Polyether polyols are widely used in the Green & Bio Polyols Market. Polyether-based polyurethanes provide improved hydrolytic stability and excellent tolerance and are used in coating, adhesive, sealant, and elastomer applications. In making PUs more versatile, higher molecular weight polyol with molecular weights from 2000 to 10,000 are used, whereas lower molecular weight polyol is used to make more rigid products. Owing to the increasing use of polyether polyols in flexible foams for the production of cushioning applications such as furniture, bedding, and car seats, and in carpet underlay, the market is estimated to grow in the forecast period.

Application- Segment Analysis

Foams held the largest share in the Green & Bio Polyols Market in 2019. Foam is widely used in high resilience flexible foam seating, rigid foam insulation panels, microcellular foam seals and gaskets, durable elastomeric wheels and tires, auto suspension bushings, electrical potting compounds, seals, gaskets, carpet underlay, and hard plastic components. Due to light, durable, supportive, and comfortable flexible foam can be created in almost any variety of shapes and firmness. Also, the rigid foam produces energy-efficient and flexible insulating systems in the world. According to the U.S. Department of Energy, heating and cooling account for about 56 percent of a typical U.S. home's energy consumption, making it the biggest energy expense for most homes. To maintain uniform temperature and lower noise levels in homes and commercial properties, builders turn to rigid polyurethane foam. These foams are effective insulating materials that can be used in isolating roof and wall, isolated windows, doors, and sealants for air barriers.

End Use- Segment Analysis

Construction industry held the largest share in the Green & Bio Polyols Market in 2019 and is projected to grow at a CAGR of 11% during the forecast period 2020-2025. The increasing demand for foam used in the design and manufacturing sector as a thermally insulating material is expected to stimulate the growth of green & bio polyols used in the manufacture of construction grade foams. The emergence of green and energy-efficient buildings has generated substantial demand for environmentally friendly raw materials, such as green & bio polyols used in construction. Therefore, the advantage of a green building that uses less energy is obvious: reduced overall energy use, whether from energy-efficient appliances, passive heating, and cooling, or sustainable architecture, can dramatically reduce the overall carbon footprint of a building or even make it a net environmental positive. Hence these factors are expected to be major drivers of growth for the green & bio polyols market.

Geography- Segment Analysis

North America held the largest share of 38% in 2019 in the Green & Bio Polyols Market. The U.S is North America's largest market for green & bio polyols, which accounted for a major volume share of the industry in 2019. The use of green & bio polyols in construction, transport, and for applications such as furniture, adhesives, sealants, and binders is expected to drive regional market growth. According to the US Department of Energy (DOE), Building America Program has been a source of innovation in energy performance, durability, quality, affordability, and comfort in residential buildings for more than 20 years. This world-class research program is partnering with industry to bring cutting-edge innovations and resources to the market including many of the top U.S. homebuilders. Also, according to Statista, with expenditures reaching more than US$ 1.293 billion, the United States is one of the world's largest construction markets.

Green & Bio Polyols Market Drivers

Increasing demand for green & bio polyols from the automotive industry

The importance of a sustainability agenda is paramount in the automotive. Polyols are used for the production of polyurethanes. Reducing VOC's and needing more durable coatings, particularly in the automotive industry, has made water-based polyurethanes the standard for high-performance leather finishing. Polyurethane films are both durable and versatile and protect the leather against staining, abrasive damage, and long-term weathering effects. Also, polyurethane is widely used in automobile manufacturing, offering real benefits in terms of comfort, protection, and energy conservation. Polyurethane foams can be used in most car seats, armrests, and headrests where their cushioning properties help minimize the exhaustion and tension that driving often entails. Also, green & bio polyols provide the characteristic touch, appearance on the surface, and durability owing to which it will drive the market in the projected period.

Increasing the use of polyurethane foam in packaging

Polyurethane foam is primarily used to protect and sustain lighter weight, highly fragile delicate products. This foam delivers excellent cushioning and can be manufactured to suit your specifications. Convoluted cut foam can be used in other sizes, too. Polyurethane foam is expendable packaging that uses clamped cut foam such as the egg container, saw cut pads and blocks, and water jet cutting pads. The foam can be injected into open containers or molded forms with dispensing equipment or hand-poured. It is widely used in packaging to help safeguard and transport a variety of items, from electronic and medical diagnostic equipment to delicate glassware to large parts of the industry. A flexible on-site solution for many packaging problems, polyurethane foam can save both time and money by providing a personalized solution.

Green & Bio Polyols Market Challenges

Health hazards from polyols

The major ingredient in polyol resin blends is a polyol or a mixture of several polyols. Although polyols differ in molecular weight, and somewhat in chemical structure, all are very large alcohol-type molecules. Polyols typically make up about 90% by weight of a polyol resin blend. While some polyols may be slightly irritating to the eyes and skin, most are not. In addition to the relatively non-toxic polyol, polyol resin blends contain several additives that may be more hazardous (see below). This makes it important to avoid skin and eye contact with the blend.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Green & Bio Polyols Market. In 2019, the market of Green & Bio Polyols has been consolidated by the top five players accounting for xx% of the share. Major players in the Green & Bio Polyols Market are Arkema, Biobased Technologies LLC, Cargill, Incorporated, Dow, BASF SE, Bayer AG, Stepan Company, BioBased Technologies LLC, Emery Oleochemicals, and Jayant Agro-Organics Limited among others. 
 
 

Key Market Players:

The Top 5 companies in the Green & Bio Polyols Market are:
1 Arkema S.A.
2 Cargill, Incorporated
3. Dow Inc.
4 AlCarbon
5 BASF SE
 
1. Green & Bio Polyols Market - Market Overview
    1.1 Definitions and Scope
2. Green & Bio Polyols Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End Use
    2.5 Key Trends by Geography
3. Green & Bio Polyols Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Green & Bio Polyols Market - Startup companies Scenario Premium
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Green & Bio Polyols Market – Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Green & Bio Polyols Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Green & Bio Polyols Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Green & Bio Polyols Market – By Type (Market Size -$Million)
    8.1 Polyether Polyols
    8.2 Polyester Polyols
9. Green & Bio Polyols Market – By Application (Market Size -$Million)
    9.1 Foam
        9.1.1 Polyurethane Rigid Foam
        9.1.2 Polyurethane Flexible Foam
    9.2 Coatings
    9.3 Adhesives
    9.4 Sealants
    9.5 Elastomers
    9.6 Others
10. Green & Bio Polyols Market – By End Use (Market Size -$Million)
    10.1 Furniture & Bedding
    10.2 Automotive
    10.3 Construction
    10.4 Packaging
    10.5 Carpet Backing
    10.6 Others 
11. Green & Bio Polyols Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy 
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 ANZ
        11.4.4 Japan
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.1.1.1 South Africa
            11.1.1.2 Nigeria
            11.1.1.3 Rest of South Africa
12. Green & Bio Polyols Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Green & Bio Polyols Market - List of Key Companies by Country 
15. Green & Bio Polyols Market - Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Arkema S.A.
   15.3Cargill, Incorporated
    15.4 Dow Inc.
    15.5 AlCarbon
    15.6 BASF SE
 
"*Financials would be provided on a best efforts basis for private companies

LIST OF TABLES

1.Global Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
1.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Global Industry Research
1.2 Sucrose Market 2023-2030 ($M) - Global Industry Research
1.3 Carbon Dioxide Market 2023-2030 ($M) - Global Industry Research
1.4 Recycled Polymers Market 2023-2030 ($M) - Global Industry Research
2.Global Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
3.Global Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
3.1 Pu Flexible Foam Market 2023-2030 ($M) - Global Industry Research
3.2 Pu Rigid Foam Market 2023-2030 ($M) - Global Industry Research
4.Global Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
4.1 Furniture & Bedding Market 2023-2030 ($M) - Global Industry Research
4.2 Automotive Market 2023-2030 ($M) - Global Industry Research
4.3 Construction Market 2023-2030 ($M) - Global Industry Research
4.4 Packaging Market 2023-2030 ($M) - Global Industry Research
4.5 Carpet Backing Market 2023-2030 ($M) - Global Industry Research
5.Global Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 (Volume/Units)
5.1 Natural Oils & Their Derivatives Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Sucrose Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Carbon Dioxide Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Recycled Polymers Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Green & Bio Polyols MarketBy Type Market 2023-2030 (Volume/Units)
7.Global Green & Bio Polyols MarketBy Application Market 2023-2030 (Volume/Units)
7.1 Pu Flexible Foam Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Pu Rigid Foam Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 (Volume/Units)
8.1 Furniture & Bedding Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Construction Market 2023-2030 (Volume/Units) - Global Industry Research
8.4 Packaging Market 2023-2030 (Volume/Units) - Global Industry Research
8.5 Carpet Backing Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
9.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Regional Industry Research
9.2 Sucrose Market 2023-2030 ($M) - Regional Industry Research
9.3 Carbon Dioxide Market 2023-2030 ($M) - Regional Industry Research
9.4 Recycled Polymers Market 2023-2030 ($M) - Regional Industry Research
10.North America Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
11.North America Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
11.1 Pu Flexible Foam Market 2023-2030 ($M) - Regional Industry Research
11.2 Pu Rigid Foam Market 2023-2030 ($M) - Regional Industry Research
12.North America Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
12.1 Furniture & Bedding Market 2023-2030 ($M) - Regional Industry Research
12.2 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.3 Construction Market 2023-2030 ($M) - Regional Industry Research
12.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
12.5 Carpet Backing Market 2023-2030 ($M) - Regional Industry Research
13.South America Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
13.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Regional Industry Research
13.2 Sucrose Market 2023-2030 ($M) - Regional Industry Research
13.3 Carbon Dioxide Market 2023-2030 ($M) - Regional Industry Research
13.4 Recycled Polymers Market 2023-2030 ($M) - Regional Industry Research
14.South America Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
15.South America Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
15.1 Pu Flexible Foam Market 2023-2030 ($M) - Regional Industry Research
15.2 Pu Rigid Foam Market 2023-2030 ($M) - Regional Industry Research
16.South America Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
16.1 Furniture & Bedding Market 2023-2030 ($M) - Regional Industry Research
16.2 Automotive Market 2023-2030 ($M) - Regional Industry Research
16.3 Construction Market 2023-2030 ($M) - Regional Industry Research
16.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
16.5 Carpet Backing Market 2023-2030 ($M) - Regional Industry Research
17.Europe Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
17.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Regional Industry Research
17.2 Sucrose Market 2023-2030 ($M) - Regional Industry Research
17.3 Carbon Dioxide Market 2023-2030 ($M) - Regional Industry Research
17.4 Recycled Polymers Market 2023-2030 ($M) - Regional Industry Research
18.Europe Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
19.Europe Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
19.1 Pu Flexible Foam Market 2023-2030 ($M) - Regional Industry Research
19.2 Pu Rigid Foam Market 2023-2030 ($M) - Regional Industry Research
20.Europe Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
20.1 Furniture & Bedding Market 2023-2030 ($M) - Regional Industry Research
20.2 Automotive Market 2023-2030 ($M) - Regional Industry Research
20.3 Construction Market 2023-2030 ($M) - Regional Industry Research
20.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
20.5 Carpet Backing Market 2023-2030 ($M) - Regional Industry Research
21.APAC Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
21.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Regional Industry Research
21.2 Sucrose Market 2023-2030 ($M) - Regional Industry Research
21.3 Carbon Dioxide Market 2023-2030 ($M) - Regional Industry Research
21.4 Recycled Polymers Market 2023-2030 ($M) - Regional Industry Research
22.APAC Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
23.APAC Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
23.1 Pu Flexible Foam Market 2023-2030 ($M) - Regional Industry Research
23.2 Pu Rigid Foam Market 2023-2030 ($M) - Regional Industry Research
24.APAC Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
24.1 Furniture & Bedding Market 2023-2030 ($M) - Regional Industry Research
24.2 Automotive Market 2023-2030 ($M) - Regional Industry Research
24.3 Construction Market 2023-2030 ($M) - Regional Industry Research
24.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
24.5 Carpet Backing Market 2023-2030 ($M) - Regional Industry Research
25.MENA Green & By Bio Polyols By Type of Raw Materials Market 2023-2030 ($M)
25.1 Natural Oils & Their Derivatives Market 2023-2030 ($M) - Regional Industry Research
25.2 Sucrose Market 2023-2030 ($M) - Regional Industry Research
25.3 Carbon Dioxide Market 2023-2030 ($M) - Regional Industry Research
25.4 Recycled Polymers Market 2023-2030 ($M) - Regional Industry Research
26.MENA Green & Bio Polyols MarketBy Type Market 2023-2030 ($M)
27.MENA Green & Bio Polyols MarketBy Application Market 2023-2030 ($M)
27.1 Pu Flexible Foam Market 2023-2030 ($M) - Regional Industry Research
27.2 Pu Rigid Foam Market 2023-2030 ($M) - Regional Industry Research
28.MENA Green & Bio Polyols MarketBy End-Use Industry Market 2023-2030 ($M)
28.1 Furniture & Bedding Market 2023-2030 ($M) - Regional Industry Research
28.2 Automotive Market 2023-2030 ($M) - Regional Industry Research
28.3 Construction Market 2023-2030 ($M) - Regional Industry Research
28.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
28.5 Carpet Backing Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Green And Bio Polyols Market Revenue, 2023-2030 ($M)
2.Canada Green And Bio Polyols Market Revenue, 2023-2030 ($M)
3.Mexico Green And Bio Polyols Market Revenue, 2023-2030 ($M)
4.Brazil Green And Bio Polyols Market Revenue, 2023-2030 ($M)
5.Argentina Green And Bio Polyols Market Revenue, 2023-2030 ($M)
6.Peru Green And Bio Polyols Market Revenue, 2023-2030 ($M)
7.Colombia Green And Bio Polyols Market Revenue, 2023-2030 ($M)
8.Chile Green And Bio Polyols Market Revenue, 2023-2030 ($M)
9.Rest of South America Green And Bio Polyols Market Revenue, 2023-2030 ($M)
10.UK Green And Bio Polyols Market Revenue, 2023-2030 ($M)
11.Germany Green And Bio Polyols Market Revenue, 2023-2030 ($M)
12.France Green And Bio Polyols Market Revenue, 2023-2030 ($M)
13.Italy Green And Bio Polyols Market Revenue, 2023-2030 ($M)
14.Spain Green And Bio Polyols Market Revenue, 2023-2030 ($M)
15.Rest of Europe Green And Bio Polyols Market Revenue, 2023-2030 ($M)
16.China Green And Bio Polyols Market Revenue, 2023-2030 ($M)
17.India Green And Bio Polyols Market Revenue, 2023-2030 ($M)
18.Japan Green And Bio Polyols Market Revenue, 2023-2030 ($M)
19.South Korea Green And Bio Polyols Market Revenue, 2023-2030 ($M)
20.South Africa Green And Bio Polyols Market Revenue, 2023-2030 ($M)
21.North America Green And Bio Polyols By Application
22.South America Green And Bio Polyols By Application
23.Europe Green And Bio Polyols By Application
24.APAC Green And Bio Polyols By Application
25.MENA Green And Bio Polyols By Application
26.Cargill Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Bayer AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Stepan Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Biobased Technologies LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Emery Oleochemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Jayant Agro Organics Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.E.I. Du Pont De Nemours & Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Additional Company Profiles, Sales /Revenue, 2015-2018 ($Mn/$Bn)