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Geographical Growth of Green and Bio Polyols in Industry


Green & bio polyols are a rapidly growing substitute for conventional polyols. Green & bio polyols is growing at a rapid pace with most of the major markets in a phase of active growth. The demand for green & bio polyols is driven by end-user industries such as construction, transportation, furniture/bedding, carpet, packaging, etc. Currently, the content of green & bio polyols in polyurethanes and CASE products ranges from 5.0% to 15.0%. The governments across major manufacturing countries especially in Europe have rolled out policies to encourage use of green & bio based polyols.

Green & Bio Polyol Market by Geography

Green & Bio Polyol Market

Source: MarketsandMarkets Analysis

Asia-Pacific with a CAGR of 12.2% is currently the fastest growing market for green & bio polyols.

Revenue pockets

Favorable regulations and availability of raw materials makes Asia-Pacific an attractive venue for capacity expansion. Asia-Pacific has an abundant supply of raw materials. India is the world’s largest producer of castor, Indonesia & Malaysia are leading producers of palm oil and China is a leading producer of corn. Moreover, Asia-Pacific enjoys a higher investor confidence due to favorable government policies that encourage capacity expansion in this region. Mitsui Chemicals (Japan), Hairma Chemicals (China), Emery Oleochemicals (H) SDN BHD (Malaysia), Maskimi Polyol SDN BHD (Malaysia), Global Global BioChem Technology Corporation(Hong Kong), etc, are major manufacturers of green & bio polyols in Asia-Pacific.

Recycled polyols present an opportunity for manufacturing green polyols at competitive prices. Green/recycled polyols are manufactured from polyurethane foam waste and waste PET bottles & containers. Currently, there is an oversupply of these materials. An advantage of using such feedstock would be availability of inexpensive feedstock and higher sustainability of end product as waste materials will be consumed during the manufacturing process. Petopur GmBH (Germany) and Rampf Ecosystems (Germany) are leading manufacturers of green polyols

Related Reports:

Green Polyol & Bio Polyol Market by Type (Polyester & Polyether), Application (Rigid/flexible PU Foam, Coating, Adhesive & Sealant), End-user (Construction, Transportation, Packaging, Furniture & Carpet) & Geography - Global Trends & Forecasts 2018

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