Global Green and Bio Polyols Market is valued approximately at USD 3.5 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.50% over the forecast period 2019-2026.
Green and Bio Polyols are bio-based high-quality polyols that are synthesized by raw materials such as rapeseed or tall oils. These bio polyols are used extensively in the manufacturing of rigid polyurethane foams. Further, these foams are used in bedding & furniture, construction, automotive industry and more. Growing demand for bio-based products coupled with growing demand for lightweight material, better material in manufacturing is key driving factors of market growth. Further, growing demand for bio-based polyols in packaging industries coupled with the recycling of bio polyols from foam-based waste is expected to create significant growth opportunities in the market over the forecast period. However, the higher cost of these bio polyols as compared to conventional polyols is expected to hamper the market growth over the forecast period.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Major market player included in this report are:
The DOW Chemical Company
Biobased Technologies LLC
Jayant Agro Organics Pvt. Ltd.
Global Bio-Chem Technology Group
E.I. Du Pont De Nemours & Co.
The regional analysis of the global Green and Bio Polyols market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing demand for aluminum alloy from the automotive industry coupled with government support. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing production capacity of automotive components coupled with demand for coating material would create lucrative growth prospects for the Green and Bio Polyols market across the Asia-Pacific region.
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