Bio-Based Polyols Market - Forecasts from 2019 to 2024
Bio-based polyols are increasingly being used in replacement of existing petrochemical based polyols as they have similar structure and properties. Bio-based materials like soy-based polyols can offer many advantages over the conventional polyols in the regard of reduction in petroleum dependence, sustainability, and reduction in potential cost and they are also often characterized by less sensitivity to hydrolysis and high thermal stability. Burgeoning need to derive products from renewable resources is driving the bio-based polyols market.
The growing need for polyurethane foams in a number of industries such as construction and automotive is boosting the demand for bio-based polyols. Manufacturers are introducing bio-based polyols and investing in this technology to gain a competitive edge in the market. These polyols help in meeting the growing market demand for high performance and 100% renewable building blocks for coating & adhesives. Furthermore, the bio-based polyols are being used because they reflect a positive light of environment protection, along with the lightweight targets in the transportation industry and renewability. Geographically, Asia Pacific holds a significant share in the market due to the growing automotive industry and construction activities in the region. However, the rising demand for the biodiesel has driven up the subsequent cost of the bio-based polyols.
DRIVERS
Increase in the demand for environment-freindly materials
Rise in the demand for bio-based polyols from end-user industries such as automobile, packaging, and furniture.
RESTRAINTS
Availability of Substitutes
The major players profiled in the global bio-based polyols market are BASF SE, The Dow Chemical Company, Lanxess Aktiengesellschaft, Shell International, Convestro, Stepan Company, Repsol, Lonza Group, Cargill, Incorporated and Vithal Castor Bio-based polyols Pvt. Ltd.
Segmentation
The global bio-based polyols market has been analyzed through the following segments:
By Raw Material
Vegetable Oils and Derivates
Soya
Castor
Sugar
Others
By Application
Foams
Rigid
Flexible
CASE (Coatings, Adhesives, Sealants, and Elastomers)
Casting and Molding
Others
By End-User
Building and Construction
Automotive
Food and Beverages
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
The growing need for polyurethane foams in a number of industries such as construction and automotive is boosting the demand for bio-based polyols. Manufacturers are introducing bio-based polyols and investing in this technology to gain a competitive edge in the market. These polyols help in meeting the growing market demand for high performance and 100% renewable building blocks for coating & adhesives. Furthermore, the bio-based polyols are being used because they reflect a positive light of environment protection, along with the lightweight targets in the transportation industry and renewability. Geographically, Asia Pacific holds a significant share in the market due to the growing automotive industry and construction activities in the region. However, the rising demand for the biodiesel has driven up the subsequent cost of the bio-based polyols.
DRIVERS
Increase in the demand for environment-freindly materials
Rise in the demand for bio-based polyols from end-user industries such as automobile, packaging, and furniture.
RESTRAINTS
Availability of Substitutes
The major players profiled in the global bio-based polyols market are BASF SE, The Dow Chemical Company, Lanxess Aktiengesellschaft, Shell International, Convestro, Stepan Company, Repsol, Lonza Group, Cargill, Incorporated and Vithal Castor Bio-based polyols Pvt. Ltd.
Segmentation
The global bio-based polyols market has been analyzed through the following segments:
By Raw Material
Vegetable Oils and Derivates
Soya
Castor
Sugar
Others
By Application
Foams
Rigid
Flexible
CASE (Coatings, Adhesives, Sealants, and Elastomers)
Casting and Molding
Others
By End-User
Building and Construction
Automotive
Food and Beverages
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL BIO-BASED POLYOLS MARKET BY RAW MATERIAL
5.1. Vegetable Oils and Derivates
5.2. Soy
5.3. Castor
5.4. Sugar
5.5. Others
6. GLOBAL BIO-BASED POLYOLS MARKET BY APPLICATION
6.1. Form
6.1.1. Rigid
6.1.2. Flexible
6.2. CASE
6.3. Casting and Molding
6.4. Others
7. GLOBAL BIO-BASED POLYOLS MARKET BY END-USER
7.1. Building and Construction
7.2. Automotive
7.3. Food and Beverages
7.4. Others
8. GLOBAL BIO-BASED POLYOLS MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. BASF SE
10.2. The Dow Chemical Company
10.3. Lanxess Aktiengesellschaft
10.4. Shell International
10.5. Convestro
10.6. Stepan Company
10.7. Repsol
10.8. Lonza Group
10.9. Cargill Incorporated
10.10. Vithal Castor Bio-based polyols Pvt. Ltd.
LIST OF FIGURES
LIST OF TABLES
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL BIO-BASED POLYOLS MARKET BY RAW MATERIAL
5.1. Vegetable Oils and Derivates
5.2. Soy
5.3. Castor
5.4. Sugar
5.5. Others
6. GLOBAL BIO-BASED POLYOLS MARKET BY APPLICATION
6.1. Form
6.1.1. Rigid
6.1.2. Flexible
6.2. CASE
6.3. Casting and Molding
6.4. Others
7. GLOBAL BIO-BASED POLYOLS MARKET BY END-USER
7.1. Building and Construction
7.2. Automotive
7.3. Food and Beverages
7.4. Others
8. GLOBAL BIO-BASED POLYOLS MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. BASF SE
10.2. The Dow Chemical Company
10.3. Lanxess Aktiengesellschaft
10.4. Shell International
10.5. Convestro
10.6. Stepan Company
10.7. Repsol
10.8. Lonza Group
10.9. Cargill Incorporated
10.10. Vithal Castor Bio-based polyols Pvt. Ltd.
LIST OF FIGURES
LIST OF TABLES
