Green and Bio Polyols Market by Type (Polyether, Polyester), Application (Polyurethane Rigid Foam, Polyurethane Flexible Foam, Case), End Use Industry (Furniture & Bedding, Automotive, Packaging, Carpet Backing) and Region - Global Forecast to 2021

The global green and bio polyols market was valued at USD 2.63 Billion in 2015 and is projected to reach USD 4.71 Billion by 2021, at a CAGR of 9.5% from 2016 to 2021. The market size in terms of volume was 1.16 Million tons in 2015 and is projected to reach 1.74 Million tons by 2021, at a CAGR of 6.9% from 2016 to 2021. In this study, 2015 has been considered the base year and 2021 the forecast year to estimate the market size of green and bio polyols.

The objectives of the study are:

• To define and segment the global market of green and bio polyols by type, application, end-use industry and region
• To estimate and forecast the global green and bio polyols market by type, application, end-use industry at country-level in terms of value, in different regions, namely, North America, Asia-Pacific, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa
• To estimate and forecast the market size of green and bio polyols, in terms of value (USD million), and volume (kilotons), at global and regional level
• To estimate and forecast the market of green and bio polyols, in terms of value (USD million), and volume (kilotons), at country-level
• To identify and analyze the key growth drivers, restraints, opportunities, and challenges influencing the global green and bio polyols market
•  To analyze recent market developments and competitive strategies, such as expansions, product launches/developments, and mergers & acquisitions to draw the competitive landscape in the global green and bio polyols market
• To strategically identify and profile the key market players and analyze their core competencies in each type and application of the global green and bio polyols market

Different secondary sources such as company websites, encyclopedia, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive commercial study of the global green and bio polyols market. The primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess the future prospects of the market.  The top-down approach has been implemented to validate the market size in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

To know about the assumptions considered for the study, download the pdf brochure

The green and bio polyols market has a diversified and established ecosystem of its upstream players such as raw material suppliers, and downstream stakeholders such as manufacturers, vendors, end users, and government organizations.

This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include green and bio polyols manufacturers such as Bayer AG (Germany), BioBased Technologies LLC (U.S.), BASF SE (Germany), Cargill Inc. (U.S.), The Dow Chemical Company (U.S.), Stepan Company (U.S.), Emery Oleochemicals (M) Sdn Bhd (Malaysia), Jayant Agro-Organics Limited (India), Global Bio-chem Technology Group Company Limited (Hong Kong), and E. I. du Pont de Nemours and Company (U.S.).

Key Target Audience:

• Regional manufacturers’ associations and general green and bio polyols associations
• Raw material manufacturers
• Traders, distributors, and suppliers of green and bio polyols
• Government and regional agencies and research organizations

Scope of the Report:

This research report categorizes the global green and bio polyols market based on type, application, end-use industry and region, forecasts revenue growth, and provides an analysis of trends in each of the submarkets.

On the Basis of Type:

• Polyether Polyols
• Polyester Polyols

Each type is further described in detail in the report with volume forecasts until 2021

On the Basis of Application:

• Polyurethane Rigid Foam
• Polyurethane Flexible Foam
• CASE

Each application segment is further described in detail in the report, with value forecasts until 2021.

On the Basis of End-use Industry:

• Furniture and Bedding
• Construction/Insulation
• Automotive
• Packaging
• Carpet Backing
• Others(engineered components, industrial, sports, and textiles & clothing)

Each application segment is further described in detail in the report, with value forecasts until 2021.

On the Basis of Region:

• Asia-Pacific
• North America
• Europe
• Middle East & Africa
• South America

Each region is further segmented by key countries such as the U.S., Mexico, Canada, China, Japan, Malaysia, India, Germany, the U.K., Netherlands, France, Saudi Arabia, UAE, Argentina, and Brazil.

Available Customizations: The following customization options are available for the report:

1. Company Information

Analysis and profiles of additional global as well as regional market players (up to three)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Green and Bio Polyols Market: By Region
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Packaging
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities Ingreen and Bio Polyols Market
    4.2 Green and Bio Polyols Market Growth, By End-Use Industry
    4.3 North American Green and Bio Polyols Market Share, By Region and Application, 2015

5 Market Overview (Page No. - 35)
    5.2 Introduction
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Short-Term Driver
                               5.3.1.1.1 Eco-Friendliness and Sustainability of Green and Bio Polyols
                    5.3.1.2 Mid-Term Driver
                               5.3.1.2.1 Consistent and Adequate Supply of Feedstock
                    5.3.1.3 Long-Term Driver
                               5.3.1.3.1 Volatility of Oil Prices
           5.3.2 Restraints
                    5.3.2.1 Higher Costs Than Conventional Polyols
                    5.3.2.2 Increasing Focus on Commercial Crop Productivity has an Additional Environmental Impact
           5.3.3 Opportunities
                    5.3.3.1 Growing Use of Bio-Based Polyols in Automotive and Packaging Industries
                    5.3.3.2 Recycling of Bio Polyols From Foam-Based Waste
           5.3.4 Challenges
                    5.3.4.1 Increasing Demand for Raw Material Affects the Balance Between Commercial Crops and Food Crops

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Bargaining Power of Suppliers
           6.2.3 Threat of Substitutes
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry
    6.3 Macroeconomic Overview and Trends
           6.3.1 Introduction
           6.3.2 World Population Growth Trends

7 Green and By Bio Polyols : By Type of Raw Materials (Page No. - 46)
    7.1 Introduction
    7.2 Natural Oils and Their Derivatives
    7.3 Sucrose
    7.4 Carbon Dioxide
    7.5 Recycled Polymers

8 Green and Bio Polyols Market: By Type (Page No. - 48)
    8.1 Introduction
    8.2 Polyether Polyols
    8.3 Polyester Polyols

9 Green and Bio Polyols Market: By Application (Page No. - 53)
    9.1 Introduction
    9.2 Pu Flexible Foam
    9.3 Coatings, Adhesives, Sealants, and Elastomers
    9.4 Pu Rigid Foam

10 Green and Bio Polyols Market: By End-Use Industry (Page No. - 61)
     10.1 Introduction
     10.2 Furniture & Bedding
     10.3 Automotive
     10.4 Construction
     10.5 Packaging
     10.6 Carpet Backing
     10.7 Others

11 Green and Bio Polyols Market, By Region (Page No. - 74)
     11.1 Introduction
     11.2 North America
             11.2.1 U. S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 Netherlands
             11.3.3 U.K.
             11.3.4 France
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Malaysia
             11.4.3 India
             11.4.4 Japan
             11.4.5 Rest of Asia-Pacific
     11.5 Middle East & Africa
             11.5.1 Saudi Arabia
             11.5.2 UAE
             11.5.3 Rest of Middle East & Africa
     11.6 South America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Rest of South America

12 Competitive Landscape (Page No. - 114)
     12.1 Overview
     12.2 Market Ranking of the Key Players
     12.3 Joint Ventures and Partnerships: the Most Popular Growth Strategy
     12.4 Competitive Situation and Trends
             12.4.1 Joint Ventures and Partnerships
             12.4.2 New Product Launches
             12.4.3 Expansions
             12.4.4 Mergers & Acquisitions

13 Company Profiles (Page No. - 120)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     13.1 Cargill Inc.
     13.2 The DOW Chemical Company
     13.3 BASF SE
     13.4 Bayer AG
     13.5 Stepan Company
     13.6 Biobased Technologies LLC
     13.7 Emery Oleochemicals
     13.8 Jayant Agro Organics Pvt. Ltd.
     13.9 Global Bio-Chem Technology Group
     13.10 E.I. Du Pont De Nemours & Co.
     13.11 Additional Company Profiles
             13.11.1 Novomer
             13.11.2 Polygreen Chemicals
             13.11.3 Huntsman Corporation
             13.11.4 Roquette
             13.11.5 Mitsui Chemicals
             13.11.6 Koch Industries
             13.11.7 Arkema
             13.11.8 Johnson Controls Inc.
             13.11.9 Croda
             13.11.10 Piedmont Chemical Industries
             13.11.11 Polylabs
             13.11.12 Itoh Chemicals
             13.11.13 Repsol S.A.
             13.11.14 Ifs Chemicals
             13.11.15 Diester Industrie S.A.S

*Details Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 144)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (98 Tables)

Table 1 World Population Growth Trends, in Million (2011–2015)
Table 2 Green and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 3 Green and Bio Polyols Market Size, By Type, 2014–2021 (Kiloton)
Table 4 Green and Bio Polyether Polyols, Market Size, By Region, 2014–2021 (USD Million)
Table 5 Green and Bio Polyether Polyols, Market Size, By Region, 2014–2021 (Kiloton)
Table 6 Green and Bio Polyester Polyols, Market Size, By Region, 2014–2021 (USD Million)
Table 7 Green and Bio Polyester Polyols, Market Size, By Region, 2014–2021 (Kiloton)
Table 8 Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 9 Green and Bio Polyols Market Size, By Application, 2014–2021 (Kiloton)
Table 10 Green and Bio Polyols Market Size in Pu Flexible Foam Application, By Region, 2014–2021 (USD Million)
Table 11 Green and Bio Polyols Market Size in Pu Flexible Foam Application, By Region, 2014–2021 (Kiloton)
Table 12 Green and Bio Polyols Market Size in Case Application, By Region, 2014–2021, (USD Million)
Table 13 Green and Bio Polyols Market Size in Case Application, By Region, 2014–2021, (Kiloton)
Table 14 Green and Bio Polyols Market Size in Polyurethane Rigid Foam Application, By Region, 2014–2021 (USD Million)
Table 15 Green and Bio Polyols Market Size in Polyurethane Rigid Foam Application, By Region, 2014–2021 (Kiloton)
Table 16 Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 17 Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 18 Green and Bio Polyols Market Size in Furniture & Bedding Industry, By Region, 2014–2021 (USD Million)
Table 19 Green and Bio Polyols Market Size in Furniture & Bedding Industry, By Region, 2014–2021 (Kiloton)
Table 20 Green and Bio Polyols Market Size in Automotive Industry, By Region, 2014–2021 (USD Million)
Table 21 Green and Bio Polyols Market Size in Automotive Industry, By Region, 2014–2021 (Kiloton)
Table 22 Green and Bio Polyols Market Size in Construction Industry, By Region, 2014–2021 (USD Million)
Table 23 Green and Bio Polyols Market Size in Construction Industry, By Region, 2014–2021 (Kiloton)
Table 24 Green and Bio Polyols Market Size in Packaging Industry, By Region, 2014–2021 (USD Million)
Table 25 Green and Bio Polyols Market Size in Packaging Industry, By Region, 2014–2021 (Kiloton)
Table 26 Green and Bio Polyols Market Size in Carpet Backing Industry, By Region, 2014–2021 (USD Million)
Table 27 Green and Bio Polyols Market Size in Carpet Backing Industry, By Region, 2014–2021 (Kiloton)
Table 28 Green and Bio Polyols Market Size in Other End-Use Industries, By Region, 2014–2021 (USD Million)
Table 29 Green and Bio Polyols Market Size in Other End-Use Industries, By Region, 2014–2021 (Kiloton)
Table 30 Green and Bio Polyols Market Size, By Region, 2014–2021 (USD Million)
Table 31 Green and Bio Polyols Market Size, By Region, 2014–2021 (Kiloton)
Table 32 North America: Green and Bio Polyols Market Size, By Country, 2014–2021 (USD Million)
Table 33 North America: Green and Bio Polyols Market Size, By Country, 2014–2021 (Kiloton)
Table 34 North America: Green and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 35 North America: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 36 North America: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 37 U.S.: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 38 U.S.: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 39 Canada: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 40 Canada: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 41 Mexico: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 42 Mexico: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 43 Europe: Green and Bio Polyols Market Size, By Country, 2014–2021 (USD Million)
Table 44 Europe: Green and Bio Polyols Market Size, By Country, 2014–2021 (Kiloton)
Table 45 Europe: Green and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 46 Europe: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 47 Europe: Green and Bio Polyols Market Size, By End Use Industry, 2014–2021 (USD Million)
Table 48 Germany: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 49 Germany: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 Netherlands: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 51 Netherlands: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 52 U.K.: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 53 U.K.: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 54 France: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 55 France: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 56 Rest of Europe: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 57 Rest of Europe: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Green and Bio Polyols Market Size, By Country, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Green and Bio Polyols Market Size, By Country, 2014–2021 (Kiloton)
Table 60 Asia-Pacific: Green and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 63 China: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 64 China: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 65 Malaysia: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 66 Malaysia: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 67 India: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 68 India: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 69 Japan: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 70 Japan: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 71 Rest of Asia-Pacific: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 72 Rest of Asia-Pacific: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 73 Middle East & Africa: Green and Bio Polyols Market Size, By Country, 2014–2021 (USD Million)
Table 74 Middle East & Africa: Green and Bio Polyols Market Size, By Country, 2014–2021 (Kiloton)
Table 75 Middle East & Africa: Green and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 76 Middle East & Africa: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 77 Middle East & Africa: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 78 Saudi Arabia: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 79 Saudi Arabia: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 80 UAE: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 81 UAE: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 82 Rest of Middle East & Africa: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 83 Rest of Middle East & Africa: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 84 South America: Green and Bio Polyols Market Size, By Country, 2014–2021 (USD Million)
Table 85 South America: Green and Bio Polyols Market Size, By Country, 2014–2021 (Kilotons)
Table 86 South America Green: and Bio Polyols Market Size, By Type, 2014–2021 (USD Million)
Table 87 South America: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 88 South America: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 89 Brazil: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 90 Brazil: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 91 Argentina: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 92 Argentina: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 93 Rest of South America: Green and Bio Polyols Market Size, By Application, 2014–2021 (USD Million)
Table 94 Rest of South America: Green and Bio Polyols Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 95 Joint Ventures and Partnerships, 2011–2016
Table 96 New Product Launches, 2011–2016
Table 97 Expansions, 2011–2016
Table 98 Mergers & Acquisitions, 2011–2016

List of Figures (52 Figures)

Figure 1 Green and Bio Polyols Market Segmentation
Figure 2 Green and Bio Polyols Market: Research Design
Figure 3 Key Data From Secondary Sources
Figure 4 Key Data From Primary Sources
Figure 5 Key Industry Insights
Figure 6 Breakdown of Primary Interviews
Figure 7 Market Size Estimation: Top-Down Approach
Figure 8 Market Size Estimation: Bottom-Up Approach
Figure 9 Green and Bio Polyols: Data Triangulation
Figure 10 Polyether Polyols to Be the Largest Type of Green and Bio Polyols During Forecast Period
Figure 11 North America Dominates Pu Flexible Foam in the Green and Bio Polyols Market
Figure 12 Furniture & Bedding to Dominate Green and Bio Polyols Market During Forecast Period
Figure 13 North America Dominated the Green and Bio Polyols Market in 2016
Figure 14 Green and Bio Polyols Market to Witness High Growth During Forecast Period
Figure 15 Furniture & Bedding to Be the Fastest-Growing End-Use Industry Between 2016 and 2021
Figure 16 U.S. Accounted for the Largest Share of Pu Flexible Foam Market in 2015
Figure 17 Canada to Emerge as the Most Lucrative Market for Green and Bio Polyols Between 2016 and 2021
Figure 18 Drivers, Restraints, Opportunities, and Challenges for Green and Bio Polyols Market
Figure 19 Green and Bio Polyols Market: Impact Analysis, 2016–2021
Figure 20 Porter’s Five Forces Analysis
Figure 21 China Had the World’s Largest Population, in Million, (2014–2015)
Figure 22 Polyether Polyols to Be the Largest and Fastest-Growing Segment of Green and Bio Polyols Market, By Type, Between 2016 and 2021
Figure 23 North America to Be the Largest Market for Green and Bio Polyether Polyols Market Between 2016 and 2021
Figure 24 North America to Be the Largest Market for Green and Bio Polyester Polyols Between 2016 and 2021
Figure 25 Polyurethane Flexible Foam to Dominate Green and Bio Polyols Market Between 2016 and 2021
Figure 26 North America to Be the Largest Market for Green and Bio Polyols in Polyurethane Flexible Foam Application Between 2016 and 2021
Figure 27 North America to Be the Largest Market for Green and Bio Polyols in Case Application Between 2016 and 2021
Figure 28 North America to Be the Largest Market for Green and Bio Polyols in Polyurethane Rigid Foam Application Between 2016 and 2021
Figure 29 Furniture & Bedding End-Use Industry to Dominate Green and Bio Polyols Market Between 2016 and 2021
Figure 30 North America to Be the Largest Market for Green and Bio Polyols in Furniture & Bedding Industry Between 2016 and 2021
Figure 31 North America to Be the Fastest-Growing Market for Green and Bio Polyols in Automotive Industry Between 2016 and 2021
Figure 32 North America to Be the Largest Consumer for Green and Bio Polyols in Construction Industry Between 2016 and 2021
Figure 33 Europe to Be the Fastest-Growing Market for Green and Bio Polyols in Packaging Industry Between 2016 and 2021
Figure 34 North America to Be the Fastest Market for Green and Bio Polyols in Carpet Backing Between 2016 and 2021
Figure 35 Asia-Pacific to Be the Fastest-Growing Market for Green and Bio Polyols in Others Industries Between 2016 and 2021
Figure 36 North America to Be the Fastest-Growing Market for Green and Bio Polyols, 2016–2021
Figure 37 North American Market Snapshot: the U.S. Was the Largest Green and Bio Polyols Market in 2015
Figure 38 Europe Market Snapshot: Germany to Be Largest and the Fastest-Growing Market, 2016–2021
Figure 39 Asia-Pacific Market Snapshot: China to Be the Largest and Fastest-Growing Green and Bio Polyols Market, 2016–2021
Figure 40 Middle East & Africa Market Snapshot: Saudi Arabia to Be the Largest and Fastest-Growing Market, 2016–2021
Figure 41 South America Market Snapshot: Brazil to Be the Largest and Fastest-Growing Market, 2016–2021
Figure 42 Companies Adopted Joint Ventures and Partnerships as the Key Growth Strategy, 2011–2016
Figure 43 Green and Bio Polyols Market Ranking
Figure 44 Key Growth Strategies in Green and Bio Polyols Market, 2011–2016
Figure 45 Cargill Inc: SWOT Analysis
Figure 46 The DOW Chemical Company: SWOT Analysis
Figure 47 BASF SE: SWOT Analysis
Figure 48 Bayer AG: SWOT Analysis
Figure 49 Stepan Company: SWOT Analysis
Figure 50 Jayant Agro Organic Pvt. Ltd.: Company Snapshot
Figure 51 Global Bio-Chem Technology Group: Company Snapshot
Figure 52 E.I. Du Pont De Nemours & Co.: Company Snapshot

The global green and bio polyols market is projected to reach USD 4.71 Billion by 2021, at a CAGR of 9.5%. It is projected to reach 1.74 Million tons by 2021 at a CAGR of 6.9% from 2016 to 2021 by volume. The eco-friendly and sustainable nature of bio polyols, consistent supply of bio-based feedstock and crude oil price fluctuations, are the key factors driving the global green and bio polyols market.

Polyether polyols was the largest market for green and bio polyols in 2015.  Polyether polyols find extensive applications in the manufacture of flexible and rigid polyurethane foams. These foams are used in various end-use industries such as bedding and furniture, construction, and automotive. Thus, the increasing use of polyurethane foams in various end-use industries is driving the green and bio polyols market worldwide. Moreover, the lower cost of polyether polyols in comparison to polyesters further propels the growth of the polyether polyols market globally.

Globally, polyurethane flexible foam was estimated to be the largest application of green and bio polyols in 2015. Polyurethane flexible foams are in high demand from for the manufacture of furniture and bedding products, which is its largest end-use industry. This is due to the growing population and increasing construction activities in emerging economies and refurbishment activities in the developed regions of North America and Europe. Moreover, the growing automotive industry is highly focused on using sustainable products in vehicles. Hence the use of polyurethane flexible foam for the manufacture of seats and cushions is driving the bio-based polyurethane flexible foams market.

The North American region led the global green and bio polyols market, both, in terms of value and volume, in 2015.  The U.S. is the largest market for green and bio polyols in North America, and accounted for a major share of the market in terms of value, in 2015. Green and bio polyols usage in construction, transportation, and for applications such as furniture, adhesives, sealants, and binders is expected to drive market growth in the region. Availability of soybean in the U.S. enables manufacturers to produce soy-based polyols which is leading to the high consumption of green and bio polyols across North America.

The global green and bio polyols market is witnessing a high growth rate but a few factors that restrain and challenge the growth of the green and bio polyols market. These are, the higher costs of green and bio polyols than those of conventional polyols, increasing crop productivity by artificial means which causes negative environmental impacts such as increase in carbon footprint and depletion of nutrients from the soil, and increasing bio raw material demand that offsets the balance between commercial crops & food crops.

Bayer AG (Germany), BioBased Technologies LLC (U.S.), BASF SE (Germany), Cargill Inc. (U.S.), and The Dow Chemical Company (U.S.), led the global green and bio polyols market. The major players are increasing their market shares and global footprint in the green and bio polyols market by adopting strategies such as new product launches and joint ventures which are expected to help them strengthen their positions in the global green and bio polyols market.

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