Title: Bio Polyols Market - Forecast(2022 - 2027)
1Bio Polyols Market - Forecast(2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report (2022 - 2027)
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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.
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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.
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- By Distribution Channel- Segment Analysis
- Polyether polyols are the key components used in
the production of polyurethanes. Polyether-based
polyurethanes provide enhanced hydrolytic
stability and excellent resistance to weak acids
and bases compared to polyester-based
polyurethanes. - The polyether polyols segment held the largest
share of more than 55 in the bio polyols market
in 2020. - The foam segment held the largest share in the
bio polyols market in 2020 and is estimated to
grow at a CAGR of 8.5 during 2021-2026.
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- Bio Polyols Market 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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- Analyst Briefing
- Data Tables
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