North America to Dominate Eco-Friendly (Green) Polyols Market until 2025 - TechSci Research

According to TechSci Research report, “Global Eco-Friendly (Green) Polyols Market By Type (Polyether and Polyester), By Application (Rigid Polyols, Semi-Rigid Polyols, Flexible Polyols, Flexible Slabs, Molded Foams, Others), By End-Use (Furniture & Bedding, Automotive, Packaging, Carpet Backing, Others), By Raw Material (Natural Oils and Their Derivatives, Sucrose, Carbon Dioxide, Recycled Polymers), By Region, Competition, Forecast & Opportunities, 2025”, global eco-friendly (green) polyols market is estimated to witness a robust CAGR during the forecast period. Constant availability of bio-based feedstock is one of the key reasons driving the growth of global eco-friendly (green) polyols market. Moreover, volatility in the cost of crude oil is further expected to bode well for the growth of global eco-friendly (green) polyols through the forecast period. In addition to this, enactment of stringent environmental standards by the governing bodies is expected to positively influence the growth of global eco-friendly (green) polyols market in the years to come. The manufacturers operating in the market are encouraged to increase the green polyol content in their manufactured goods, which is anticipated to make headway for the growth of global eco-friendly (green) polyols market over the coming years. However, effect on the environment owing to rising focus towards commercial crop productivity is the major factor that might restrain the growth of global eco-friendly (green) polyols market through 2025.

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Global eco-friendly (green) polyols market can be segmented based on type, application, end-use, raw material, company and region. Considering the application, the market is fragmented into rigid polyols, semi-rigid polyols, flexible polyols, flexible slabs, molded foams and others. The flexible polyols segment dominated the global eco-friendly (green) polyols market until 2019 and is further anticipated to maintain its dominance during the forecast years owing to the use of flexible foams in the automotive industry for manufacturing cushions and seats. Additionally, surging demand for the product in bedding & furniture and construction industry on account of growing population and expanding construction activities in emerging countries is positively influencing the growth of the segment across the globe.

Cargill Inc., The DOW Chemical Company, BASF SE, Bayer AG, Stepan Company, Biobased Technologies LLC, Emery Oleochemicals, Jayant Agro Organics Pvt. Ltd., Global Bio-Chem Technology Group, E.I. Du Pont De Nemours & Co. are among others are the leading players operating in global eco-friendly (green) polyols market. The leading players are adopting several growth strategies to enhance the market scenario of eco-friendly (green) polyols. Other competitive strategies include new product launches and joint ventures to diverse their product portfolio in order to strengthen their market position. For instance, in February 2018, Huntsman Corporation acquired Nanocomp Technologies Inc, which manufactures carbon nanotube fiber products to be used in various industries such as automotive, aerospace and defense, energy, aviation and consumer industries.

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“North America dominated the global eco-friendly (green) polyols market until 2019 in terms of both value and volume and is further projected to hold its dominance in the next 5 years as well on account of increasing product demand for applications such as binders, furniture, sealants and adhesives. Moreover, availability of soybean in developing economies, predominantly in United States, enables the manufacturers to produce soy-based polyols, which ultimately leads to high consumption of eco-friendly polyols across the region, thereby expected to boost the growth of global eco-friendly (green) polyols market through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Eco-Friendly (Green) Polyols Market By Type (Polyether and Polyester), By Application (Rigid Polyols, Semi-Rigid Polyols, Flexible Polyols, Flexible Slabs, Molded Foams, Others), By End-Use (Furniture & Bedding, Automotive, Packaging, Carpet Backing, Others), By Raw Material (Natural Oils and Their Derivatives, Sucrose, Carbon Dioxide, Recycled Polymers), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global eco-friendly (green) polyols market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global eco-friendly (green) polyols market.

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