Green and Bio Polyols Market by Raw Material (Natural Oils, Sucrose, Glycerin, Carbon Dioxide, and Others), Type (Polyester and Polyether), Application (Coatings, adhesives, sealants, and elastomers (CASE), Polyurethane Flexible Foam, Polyurethane Rigid Foam, and Others), End Use Industry (Packaging, Automotive, Construction, Furniture & Bedding, and Others): Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026241 | Pages: 100 | Chemicals and Materials | Sep 2022 | Type: Global | Status: Published

The market crossed US$ 4.7 billion mark in 2022 and is expected to hit US$ 7.3 billion by 2030, recording a CAGR of 9.5% during the forecast period.

Green and bio polyols have been significantly growing owing to their eco-friendliness and sustainability properties.

Rising demand for green and bio polyols in various industries due to stringent government regulation which aims to cut down the excessive use of polyols based on petroleum is bolstering the market growth. Green and bio polyols are important raw material used in the production of thermoplastic, elastomers, adhesives, etc. Green and bio polyols are eco friendly in nature. Due to its improved quality of hydrolytic stability and excellent tolerance level it is used by various end use industries such as packaging, automotive, construction, furniture, etc. Increase in construction and refurbishment activities in various countries is propelling the demand for green and bio polyols.

Within the report, the market is segmented into raw material, type, application, end use industry, and geography. By raw material, the market is further segmented into natural oils, sucrose, glycerin, carbon dioxide, and others. On the basis of type, the market is bifurcated into polyester and polyether. By application, the market is categorized into coatings, adhesives, sealants, and elastomers (CASE), polyurethane flexible foam, polyurethane rigid foam, and others. Based on end use industry, the market is divided into packaging, automotive, construction, furniture & bedding, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

The growing demand for PU flexible or rigid foams as insulating material in buildings, and in the furniture & bedding industry is driving the growth of the green and bio polyols market.

Green and bio polyols are eco-friendly alcoholic solutions made from recycled polyethylene terephthalate (PET) and polyurethanes. It is used as a raw material in coatings, adhesives, sealants, elastomers, polyurethane flexible foam, polyurethane rigid foam, etc. It contains multiple hydroxyl groups. It also has the property of being light, supportive, durable, and comfortable, which is surging its demand in various end use industry. Moreover, with increased focus on eco-friendly activities, the uses of green and bio polyols is surging, hence proliferating the market growth.

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for green and bio polyols market are the building and construction, automotive, furniture and bedding, packaging, etc.  Green and bio polyols are being used in automotive applications such as seat backrests, headrests, armrests, car interior parts, and insulation purposes. Construction applications include residential, commercial, infrastructure, and other industrial purposes. Furthermore, there is a vast usage of PU flexible foams in consumer and commercial products. These products include furniture, cushion, carpet transportation, bedding, packaging, textiles, and fibers. Therefore, application of green and bio polyols in various industries is boosting its market growth.

Recent strategic developments in green and bio polyols market

The green and bio polyols market has undergone several significant developments, and a few of these have been mentioned below:

  • In December 2021, Cargill acquired the majority of Croda's performance technologies and industrial chemicals business cash-free and debt-free. Cargill's bio-industrial footprint was significantly expanded as a result of the investment, allowing it to better serve industrial manufacturers looking for greener ingredient solutions.
  • In September 2021, Dow Polyurethanes, a Dow business division, and Orrion Chemicals Orgaform, in collaboration with Eco-mobilier, H&S Anlagentechnik, and The Vita Group, opened a pioneering mattress recycling plant as part of the RENUVA programme.
  • In June 2021, Cargill and HELM entered into a partnership to build the first commercial-scale, renewable BDO facility in the US to meet the rising customer demand. The new joint venture introduces QIRA, a bio-based 1,4-butanediol (BDO) that reduces greenhouse gas emissions by up to 93% compared to conventional BDO. QIRA can be used to make spandex and other polyester-based chemical fibers, as well as biodegradable plastics, polyurethane coatings, sealants, and synthetic leathers, reducing their environmental impact.

The green and bio polyols market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, The Dow Chemical Company, Cargill, Covestro AG, Emery Oleochemicals, Arkema S.A., Stepan Company, Bayer Material Science, Global Bio-Chem Technology Group, and BioBased Technologies LLC.

Total 25 major players covered. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Furniture and bedding manufacturers
  • Construction industry players
  • Construction -related service providers
  • Construction-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Automotive component suppliers
  • End users of CASE
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Raw Material:
    • Natural Oils
    • Sucrose
    • Glycerin
    • Carbon Dioxide
    • Others
  • Type
    • Polyester
    • Polyether
  • Application:
    • Coatings, adhesives, sealants, and elastomers (CASE)
    • Polyurethane Flexible Foam
    • Polyurethane Rigid Foam
    • Others
  • End Use Industry:
    • Packaging
    • Automotive
    • Construction
    • Furniture & Bedding
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • BASF SE
    • The Dow Chemical Company
    • Cargill
    • Covestro AG
    • Emery Oleochemicals
    • Arkema S.A.
    • Stepan Company
    • Bayer Material Science
    • Global Bio-Chem Technology Group
    • BioBased Technologies LLC.

Companies profiled


- The Dow Chemical Company

- Cargill

- Covestro AG

- Emery Oleochemicals

- Arkema S.A.

- Stepan Company

- Bayer Material Science

- Global Bio-Chem Technology Group

- BioBased Technologies LLC.

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