Bio Polyols Market - Forecast (2021 - 2026)

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Bio Polyols Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Bio Polyols market size is forecast to reach
  US7.8 billion by 2026, after growing at a CAGR
  of 10.2 during 2021-2026.
• The increasing awareness about the environment
  and the rising prices of petroleum are the
  reasons for soaring demand of bio polyols.
•  Bio polyols, also known as natural oil polyols,
  are polyols derived from vegetable oils.
•  A polyol is an organic compound containing
  multiple hydroxyl groups.
•  Bio polyols are extracted from natural oils like
  castor oil, soybean oil, canola oil, coconut oil
  and others. Out of these oils only castor oil is
  the only commercially available bio polyol that
  is produced directly from a plant source while
  the others require chemical modifications.

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• Key Takeaways
• North America dominates the bio polyols market,
  owing to the increase in production of soy-based
  polyols which result in increased usage of bio
  polyols in the region.
• The escalating use of polyurethanes in the
  automotive industry consecutively increases the
  demand for bio polyols. Thus, driving the market
  growth.
• Increasing applications for environmentally
  friendly polyols in various end use industries
  notably in automobiles, technological
  advancements in the construction industry are
  expected to drive the demand for bio polyols
  through the years to come

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By Distribution Channel- Segment Analysis The
soy-based segment held the largest share in the
bio polyols market in 2020 and is expected to
grow at a CAGR of 8.9 during the forecast
period. The bio polyols market continues to
expand as manufacturers look for alternatives to
high-priced petrochemicals. Soy polyols perform
like their highly priced petrochemical
counterparts and enable manufacturers to increase
the sustainability of end products without
compromising on performance.
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• Bio Polyols Market Industry Outlook 
• Arkema S.A
• Global Bio Chem Technology Group Co. Ltd
• The Dow Chemical Company
• BASF S.E
• Stepan Company
• Bayer Material Science
• Mitsui Chemicals Inc
• Bio Based Technologies Llc
• Johnson Controls Inc

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Bio Polyols Market Forecast (2021 -
2026) Learn More About the Report _at_
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ols-market.html
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• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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