Natural Oil Polyols (NOP) Market Analysis By Product (Soy Oil Polyols, Castor Oil Polyols, Palm Oil Polyols, Canola Oil Polyols, Sunflower Oil Polyols) And Segment Forecasts To 2020
Global Natural Oil Polyols (NOP) market is anticipated to reach USD 7.92 billion by 2020. Shift in industry preference towards developing sustainable products owing to depleting fossil fuel reserves is expected to remain a key driving factor for global NOP market. Increasing polyurethane (PU) demand from automobile and infrastructure industries is also expected to fuel NOP growth over the forecast period. Volatile prices of petrochemicals coupled with growing environmental concerns regarding their production and usage is also expected to have a positive influence on the market growth. High extraction cost from sustainable resources is expected remain key challenge for market growth. Increasing investments for developing products targeting niche applications is anticipated to yield future opportunities for NOP manufacturers.
Soy oil polyols dominated the global market and accounted for 36.7% of total volume in 2013. Increasing demand for bio-based polyurethane from major end-use industries is expected to remain a key driving factor for this segment. Palm oil polyols are expected to witness the highest growth rate over the forecast period. The segment is expected to grow at an estimated CAGR of 7.4% from 2014 to 2020. Availability of palm oil in abundance particularly in South East Asia is expected to drive the demand for palm oil polyols over the next five years.
Further key findings from the study suggest:
Global NOP demand was 1,647.8 kilo tons in 2013 and is expected to reach 2,685.8 kilo tons by 2020, growing at a CAGR of 7.2% from 2014 to 2020.
North America emerged as a leading regional market for NOP and accounted for 44.5% of total market volume in 2013. The region is expected to continue its dominance over the forecast period on account of favorable government legislations. Asia Pacific is expected to witness the highest growth rate over the forecast period owing to growth of automobile and infrastructure industry. Asia Pacific is expected to grow at an estimated CAGR of 7.7% from 2014 to 2020.
Asia Pacific enjoys the advantage of abundant natural oil availability. Major South East Asian counties such as Malaysia and Indonesia are the leading producers of natural oils. In addition, growth of major end-use industries particularly in emerging markets of China and India is also expected to complement the regional market growth.
Moderately consolidated NOP industry participants compete on basis of technology. Key industry participants for NOP market include BASF SE, Cargill Inc., Huntsman Corporation, Biobased Technologies, Jayant Agro Organics Limited and Bayer Material Science AG.
For the purpose of this study, Grand View Research has segmented the natural oil polyols (NOP) market on the basis of product and region.
Global Natural Oil Polyols (NOP) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
Soy oil polyols dominated the global market and accounted for 36.7% of total volume in 2013. Increasing demand for bio-based polyurethane from major end-use industries is expected to remain a key driving factor for this segment. Palm oil polyols are expected to witness the highest growth rate over the forecast period. The segment is expected to grow at an estimated CAGR of 7.4% from 2014 to 2020. Availability of palm oil in abundance particularly in South East Asia is expected to drive the demand for palm oil polyols over the next five years.
Further key findings from the study suggest:
Global NOP demand was 1,647.8 kilo tons in 2013 and is expected to reach 2,685.8 kilo tons by 2020, growing at a CAGR of 7.2% from 2014 to 2020.
North America emerged as a leading regional market for NOP and accounted for 44.5% of total market volume in 2013. The region is expected to continue its dominance over the forecast period on account of favorable government legislations. Asia Pacific is expected to witness the highest growth rate over the forecast period owing to growth of automobile and infrastructure industry. Asia Pacific is expected to grow at an estimated CAGR of 7.7% from 2014 to 2020.
Asia Pacific enjoys the advantage of abundant natural oil availability. Major South East Asian counties such as Malaysia and Indonesia are the leading producers of natural oils. In addition, growth of major end-use industries particularly in emerging markets of China and India is also expected to complement the regional market growth.
Moderately consolidated NOP industry participants compete on basis of technology. Key industry participants for NOP market include BASF SE, Cargill Inc., Huntsman Corporation, Biobased Technologies, Jayant Agro Organics Limited and Bayer Material Science AG.
For the purpose of this study, Grand View Research has segmented the natural oil polyols (NOP) market on the basis of product and region.
Global Natural Oil Polyols (NOP) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
- Soy Oil Polyols
- Castor Oil Polyols
- Palm Oil Polyols
- Canola Oil Polyols
- Sunflower Oil Polyols
- Other NOP
- North America
- Europe
- Asia Pacific
- RoW
CHAPTER 1 EXECUTIVE SUMMARY
1.1 Natural Oil Polyols (NOPs) – Industry Summary & Critical Success Factors (CSFs)
CHAPTER 2 NATURAL OIL POLYOLS (NOP) INDUSTRY OUTLOOK
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 NOP Value Chain Analysis
2.4 NOP Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Growing polyurethane demand
2.4.1.2 Shift in trend towards using bio based products
2.4.1.3 Favorable government policies
2.4.2 Market restraint analysis
2.4.2.1 Low Natural Oil Annual Output
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 NOP - PESTEL Analysis
CHAPTER 3 NATURAL OIL POLYOLS (NOP) PRODUCT OUTLOOK
3.1 Global NOP market volume share by product, 2013 & 2020
3.2 Soy Oil Polyols
3.2.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.2.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.3 Castor Oil Polyols
3.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.3.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.4 Palm Oil Polyols
3.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.4.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.5 Canola Oil Polyols
3.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.5.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.6 Sunflower Oil Polyols
3.6.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.6.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.7 Other
3.7.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.7.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
CHAPTER 4 NATURAL OIL POLYOLS (NOP) REGIONAL OUTLOOK
4.1 Global NOP market volume share by region, 2013 & 2020
4.2 North America
4.2.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.3 Europe
4.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.4 Asia Pacific
4.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.5 RoW
4.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Cargill Inc
5.1.1 Company Overview
5.1.2 Financial Performance
5.1.3 Product Benchmarking
5.1.4 Strategic Initiatives
5.2 BASF SE
5.2.1 Company Overview
5.2.2 Financial Performance
5.2.3 Product Benchmarking
5.2.4 Strategic Initiatives
5.3 Bayer Material Science AG
5.3.1 Company Overview
5.3.2 Financial Performance
5.3.3 Product Benchmarking
5.3.4 Strategic Initiatives
5.4 Jayant Agro Organics Limited
5.4.1 Company Overview
5.4.2 Financial Performance
5.4.3 Product Benchmarking
5.4.4 Strategic Initiatives
5.5 Biobased Technologies
5.5.1 Company Overview
5.5.2 Financial Performance
5.5.3 Product Benchmarking
5.5.4 Strategic Initiatives
5.6 Huntsman Corporation
5.6.1 Company Overview
5.6.2 Financial Performance
5.6.3 Product Benchmarking
5.6.4 Strategic Initiatives
CHAPTER 6 METHODOLOGY & SCOPE
6.1 Research Methodology
6.2 Research Scope & Assumptions
6.3 List of Data Sources
1.1 Natural Oil Polyols (NOPs) – Industry Summary & Critical Success Factors (CSFs)
CHAPTER 2 NATURAL OIL POLYOLS (NOP) INDUSTRY OUTLOOK
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 NOP Value Chain Analysis
2.4 NOP Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Growing polyurethane demand
2.4.1.2 Shift in trend towards using bio based products
2.4.1.3 Favorable government policies
2.4.2 Market restraint analysis
2.4.2.1 Low Natural Oil Annual Output
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 NOP - PESTEL Analysis
CHAPTER 3 NATURAL OIL POLYOLS (NOP) PRODUCT OUTLOOK
3.1 Global NOP market volume share by product, 2013 & 2020
3.2 Soy Oil Polyols
3.2.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.2.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.3 Castor Oil Polyols
3.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.3.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.4 Palm Oil Polyols
3.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.4.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.5 Canola Oil Polyols
3.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.5.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.6 Sunflower Oil Polyols
3.6.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.6.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
3.7 Other
3.7.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
3.7.2 Market estimates and forecast by region, 2012-2020, (Kilo Tons) (USD Million)
CHAPTER 4 NATURAL OIL POLYOLS (NOP) REGIONAL OUTLOOK
4.1 Global NOP market volume share by region, 2013 & 2020
4.2 North America
4.2.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.3 Europe
4.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.4 Asia Pacific
4.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
4.5 RoW
4.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast by product, 2012-2020, (Kilo Tons) (USD Million)
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Cargill Inc
5.1.1 Company Overview
5.1.2 Financial Performance
5.1.3 Product Benchmarking
5.1.4 Strategic Initiatives
5.2 BASF SE
5.2.1 Company Overview
5.2.2 Financial Performance
5.2.3 Product Benchmarking
5.2.4 Strategic Initiatives
5.3 Bayer Material Science AG
5.3.1 Company Overview
5.3.2 Financial Performance
5.3.3 Product Benchmarking
5.3.4 Strategic Initiatives
5.4 Jayant Agro Organics Limited
5.4.1 Company Overview
5.4.2 Financial Performance
5.4.3 Product Benchmarking
5.4.4 Strategic Initiatives
5.5 Biobased Technologies
5.5.1 Company Overview
5.5.2 Financial Performance
5.5.3 Product Benchmarking
5.5.4 Strategic Initiatives
5.6 Huntsman Corporation
5.6.1 Company Overview
5.6.2 Financial Performance
5.6.3 Product Benchmarking
5.6.4 Strategic Initiatives
CHAPTER 6 METHODOLOGY & SCOPE
6.1 Research Methodology
6.2 Research Scope & Assumptions
6.3 List of Data Sources
LIST OF TABLES
1. Global NOP market volume and revenue, 2012 - 2020
2. Global NOP market volume by region, (Kilo Tons), 2012 - 2020
3. Global NOP market revenue by region, (USD million), 2012 - 2020
4. Global NOP market volume by product, (Kilo Tons), 2012 - 2020
5. Global NOP market revenue by product, (USD million), 2012 - 2020
6. Global soy oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
7. Global soy oil polyols market estimates and forecast, 2012 - 2020 (USD million)
8. Global castor oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
9. Global castor oil polyols market estimates and forecast, 2012 - 2020 (USD million)
10. Global palm oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
11. Global palm oil polyols market estimates and forecast, 2012 - 2020 (USD million)
12. Global canola oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
13. Global canola oil polyols market estimates and forecast, 2012 - 2020 (USD million)
14. Global sunflower oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
15. Global sunflower oil polyols market estimates and forecast, 2012 - 2020 (USD million)
16. Global other natural oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
17. Global other natural oil polyols market estimates and forecast, 2012 - 2020 (USD million)
18. North America NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
19. North America NOP market volume by product, (Kilo Tons), 2012 - 2020
20. North America NOP market revenue by product, (USD million), 2012 – 2020
21. Europe NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
22. Europe NOP market volume by product, (Kilo Tons), 2012 – 2020
23. Europe NOP market revenue by product, (USD million), 2012 – 2020
24. Asia Pacific NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
25. Asia Pacific NOP market volume by product, (Kilo Tons), 2012 – 2020
26. Asia Pacific NOP market revenue by product, (USD million), 2012 – 2020
27. RoW NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
28. RoW NOP market volume by product, (Kilo Tons), 2012 - 2020
29. RoW NOP market revenue by product, (USD million), 2012 - 2020
1. Global NOP market volume and revenue, 2012 - 2020
2. Global NOP market volume by region, (Kilo Tons), 2012 - 2020
3. Global NOP market revenue by region, (USD million), 2012 - 2020
4. Global NOP market volume by product, (Kilo Tons), 2012 - 2020
5. Global NOP market revenue by product, (USD million), 2012 - 2020
6. Global soy oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
7. Global soy oil polyols market estimates and forecast, 2012 - 2020 (USD million)
8. Global castor oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
9. Global castor oil polyols market estimates and forecast, 2012 - 2020 (USD million)
10. Global palm oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
11. Global palm oil polyols market estimates and forecast, 2012 - 2020 (USD million)
12. Global canola oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
13. Global canola oil polyols market estimates and forecast, 2012 - 2020 (USD million)
14. Global sunflower oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
15. Global sunflower oil polyols market estimates and forecast, 2012 - 2020 (USD million)
16. Global other natural oil polyols market estimates and forecast, 2012 - 2020 (Kilo Tons)
17. Global other natural oil polyols market estimates and forecast, 2012 - 2020 (USD million)
18. North America NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
19. North America NOP market volume by product, (Kilo Tons), 2012 - 2020
20. North America NOP market revenue by product, (USD million), 2012 – 2020
21. Europe NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
22. Europe NOP market volume by product, (Kilo Tons), 2012 – 2020
23. Europe NOP market revenue by product, (USD million), 2012 – 2020
24. Asia Pacific NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
25. Asia Pacific NOP market volume by product, (Kilo Tons), 2012 – 2020
26. Asia Pacific NOP market revenue by product, (USD million), 2012 – 2020
27. RoW NOP market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
28. RoW NOP market volume by product, (Kilo Tons), 2012 - 2020
29. RoW NOP market revenue by product, (USD million), 2012 - 2020
LIST OF FIGURES
1. NOP market segmentation
2. Global NOP market estimates and forecast, 2012 – 2020 (USD Million)
3. NOP- Value chain analysis
4. NOP- Market dynamics
5. NOP- Company market share analysis, 2013
6. Key opportunities prioritized
7. Industry analysis - Porter's
8. NOP PESTEL analysis, 2013
9. Global NOP market volume share, by product 2013 & 2020
10. Global soy oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
11. Global castor oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
12. Global palm oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
13. Global canola oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
14. Global sunflower oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
15. Global other natural oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
16. North America NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
17. Europe NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
18. Asia Pacific NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
19. RoW NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
1. NOP market segmentation
2. Global NOP market estimates and forecast, 2012 – 2020 (USD Million)
3. NOP- Value chain analysis
4. NOP- Market dynamics
5. NOP- Company market share analysis, 2013
6. Key opportunities prioritized
7. Industry analysis - Porter's
8. NOP PESTEL analysis, 2013
9. Global NOP market volume share, by product 2013 & 2020
10. Global soy oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
11. Global castor oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
12. Global palm oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
13. Global canola oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
14. Global sunflower oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
15. Global other natural oil polyols market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
16. North America NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
17. Europe NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
18. Asia Pacific NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
19. RoW NOP market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million)
