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Green Polyols Market by Type (Polyether Polyols, Polyester Polyols, and Others), Application (Adhesives, Sealants, Coating, Polyurethane Flexible Foam, Polyurethane Rigid Foam, and Others), and End Use (Automobile, Packaging, Carpet, Construction, Insulation, Furniture, Bedding, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11898
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Sep 2021 | 170 Views
   
Author(s) : Eswara Prasad
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COVID-19

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Green polyol is an important raw material used in the production of thermoplastic, elastomers, adhesives, artificial leather, and coatings. It contains multiple hydroxyl groups. It is derived from polyurethane and polyethylene terephthalates. The increasing application of bio friendly organic compounds and growing demand of construction industry is driving the market. Due to its eco-friendly nature, automobile and construction sectors are actively employing the material in various applications. Continuous investments are made in the sector mainly in the Asia-Pacific region for continuous and enhanced investment opportunities. China being a prominent exporter and producers of furniture and adding to that these green polyols are used in carpet backing, furniture, and for bedding applications, therefore has a great demand in China. However, its extraction is based on the availability of crude oil, which is subject to changing prices, which is the only factor that hinders the market.

Market scope and Structure Analysis

Report Metric

Detail

Market size available for years

  2020-2030

  Base year considered

  2020

  Forecast period

  2021-2030

  Forecast unit

  Value(USD)

  Segments Covered

  Type, Application, End Use, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

BASF SE, The Dow Chemical Company, Arkema S.A, Bayer Material Science, BioBased Technologies LLC, E.I. du Pont de Nemours and Company, Global Bio-Chem Technology Group, INVISTA S.A.R.L, Jayant Agro-Organics Limited. Stepan Company, Emery Oleochemicals Ltd., Cargill Incorporated Ltd.

 

Covid-19 Impact Analysis

  • The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the green polyols market in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Due to the outbreak of COVID-19, imports and exports are heavily affected along with the demand in the automobile and end-user industries, which has negatively affected the market of green polyols.

Top Impacting Factors

In recent market developments, the green polyols have quite a following because of its eco-friendly nature. Due to its improved quality of hydrolytic stability and excellent tolerance level it is used as coating, sealant, and an elastomer. Foam is widely used in high resilience, flexible foam, seating, insulation panels, gaskets, and microcellular foams seals. It also has the property of being light, supportive, durability, and comfortable and can be created in almost any shapes and sizes with desired firmness. The demand of polyurethane flexible foam is high in dense population regions where the population is increasing along with increase in construction activities in the emerging economies and refurbishment activities in the developed regions in North America and Europe. Moreover, since the automobile industry is being highly focused on in the recent times, their demand has also led to the surge experienced in the market.

Market trends

  • The growing trends for eco-friendly parts instead of the traditional parts.
  • With increased focus on eco-friendly activities, the uses of green polyols is at an all-time high because of the construction, transportation activities and its application in furniture, adhesives and binders.
     
  • The growth of developing economies like India and China.
  • In the developing economies such as China and India, where the government is investing enough money for development, the demand for coating, adhesives, and thermoplastic elastomer is rising in various end-user industries in the recent years. Construction and automobiles are the fastest growing end user segments in terms of the demand for green polyols.
     
  • Increased consciousness about one's safety.
  • Due to the recent trend of being more cautious about one’s safety, the demand for safe transportation along with top features is very high. This is where green polyols come in handy. Not only they are eco-friendly but because of their multiple properties they can be used in the designing safe seats of the vehicles and can also be used for designing various parts of the automobiles.

Key Segments Covered

Type

  • Polyether Polyols
  • Polyester Polyols
  • Others

Application

  • Adhesives
  • Sealants
  • Coating
  • Polyurethane Flexible Foam
  • Polyurethane Rigid Foam
  • Others

End-Use

  • Automobile
  • Packaging
  • Carpet
  • Construction
  • Insulation
  • Furniture
  • Bedding
  • Others

Key Players

  • BASF SE
  • The Dow Chemical Company
  • Arkema S.A, Bayer Material Science
  • BioBased Technologies LLC
  • E.I. du Pont de Nemours and Company
  • Global Bio-Chem Technology Group
  • INVISTA S.A.R.L
  • Jayant Agro-Organics Limited.
  • Stepan Company
  • Emery Oleochemicals Ltd.
  • Cargill Incorporated Ltd.

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

This study presents the analytical depiction of the green polyols industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the green polyols market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the green polyols market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed green polyol market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Green Polyols Market Report

  • Who are the leading market players active in the Green Polyols market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
      • What are “Green Polyols “?
      • What does “Green Polyols " allow organizations to achieve?
      • Which technologies combine to make “Green Polyols “a critical organizational asset?
      • What is " Green Polyols” Market prediction in the future?
      • Who are the leading global players in the “Green Polyols” market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the “Green Polyols” Market?
      • What are the key benefits of the “Green Polyols “Market report?
      • What will be the anticipated growth rates for your own Green Polyols Market economy altogether and for every segment inside?
      • What are the driving factors and opportunities in the market?                                                                                                                                                                    
 
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