Green Polyols Market By Type (Polyether Polyols , Polyester Polyols), By Application (Polyurethane Foam, Adhesives and Sealants, Coatings, Others), By End-use Industry (Furniture and Bedding, Construction, Packaging, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global green polyols market was valued at $7.3 billion in 2021, and is projected to reach $17.2 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.
Green polyols are most typically used as the primary component in the production of polyurethanes, the sixth most significant polymer family. Green polyols are used in bedding & upholstery, print rollers, fabric coatings, and footwear midsoles. Green polyol polyurethane enables the production of seating that is readily constructed, dismantled, and recycled while maintaining excellent performance criteria across a wide range of stiffness and weight. Polyurethane foams are used to make arm rests, head rests, cushioned instrument panels, and other components of the car's interior.
Green polyols are employed in practically any range of forms and hardness compared to substitute goods due to their light weight, durability, support, and comfortability. Alternative Latex lesser quality foams can break down quickly, producing sagging difficulties within a few months or years. Green polyols are utilized in the automobile sector to increase the tensile stability, impact resistance, and low and high-temperature properties of vehicle seats, bumpers, suspension insulators, and other interior components. Green polyols artificial leather is becoming more popular in applications such as textiles, footwear, outerwear, and furniture, among others, where a leather-like texture is desired. Thus, the increasing demand for end-use industry is expected to market growth.
Rising demand for bio-based polyols in car manufacturing will generate a lucrative opportunity during the forecast period. Green polyols are among the most versatile polymers, being used in rigid and flexible foams in coatings, films, and other products. Green polyols are made from a variety of basic materials, including thermoplastics, elastomers, and adhesives. Green polyols can increase load-bearing or hardness qualities in molded foams such as automobile seats and headrests when compared to traditional polyols, which are widely used in the automotive sector.
The green polyols market is segmented into type, application, end-use industry, and region. On the basis of type, the market is bifurcated into polyether polyols and polyester polyols. On the basis of application, the market is categorized into polyurethane foam, adhesives & sealants, coatings, and others. On the basis of the end-use industry, the market is classified into furniture & bedding, construction, packaging, automotive, and others. Region-wise, the green polyols market share is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global green polyols market include Synthesia Technology Group, UniSol, BASF SE, Cargill Incorporated, Arkema, Covestro AG, IQS Global, BioBased Technologies, Emery Oleochemicals LLC, and Roquette.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green polyols market analysis from 2021 to 2031 to identify the prevailing green polyols market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the green polyols market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global green polyols market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Polyether Polyols
Polyester Polyols
By Application
Polyurethane Foam
Adhesives and Sealants
Coatings
Others
By End-use Industry
Construction
Packaging
Automotive
Others
Furniture and Bedding
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
UniSol
BASF SE
Cargill Incorporated
Arkema
Covestro AG
BioBased Technologies
Emery Oleochemicals LLC
Synthesia Technology Group
IQS Global
Roquette
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