Bio Polyols Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Apr 2022 | Pages: 120 | SKU: IRTNTR73250 |
The bio polyols market share is expected to increase by USD 4.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.7%.
This bio polyols market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bio polyols market segmentations by application (foams and CASE) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The bio polyols market report also offers information on several market vendors, including Alberdingk Boley GmbH, Arkema SA, BASF SE, Bio Based Technologies LLC, Cargill Inc., Castor International BV, Covestro AG, Croda International Plc, Emery Oleochemicals LLC, Global Bio chem Technology Group Co. Ltd., Huntsman International LLC, Invista S.a.r.l, Jayant Agro Organics Ltd., Mitsui Chemicals Inc., Nivapol, Stahl Holdings BV, Stepan Co., The Dow Chemical Co., Vertellus Holdings LLC, and Xuchuan Chemical Suzhou Co. Ltd. among others.
What will the Bio Polyols Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Bio Polyols Market Size for the Forecast Period and Other Important Statistics
Bio Polyols Market: Key Drivers, Trends, and Challenges
The increasing demand for bio polyols in automotive and construction industries is notably driving the bio polyols market growth, although factors such as volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bio polyols industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bio Polyols Market Driver
The increasing demand for bio polyols in the automotive and construction industries is one of the key drivers supporting the bio polyols market growth. Polyurethane foams are extensively used for producing different automotive parts such as side skirts, wiper cowls, and others. Simultaneously, the demand for automotive vehicles has also increased, which will have a positive impact on the market growth. Meanwhile, polyurethane foams have numerous applications in the construction industry as well. They provide excellent weatherproof sealants and form a flawless layer of insulation. These cover irregular, hard-to-insulate shapes and fill gaps and seams. Growth in the construction industry has led to high demand for polyurethane foams. Thus, the rising demand for housing, hospitality, flooring material, and furnishing is expected to increase the consumption of polyurethane foams. This will have a positive influence on the global bio polyols market during the forecast period.
Key Bio Polyols Market Trend
Innovation in polyurethane foams is one of the key bio polyols market trends that is contributing to the market growth. Vendors in the market are developing new forms of polyurethane foams, such as photo cross-linkable polyurethane, which can be used in foams for various applications. They can be made by incorporating photo-responsive groups such as coumarin into the polyurethane foam backbone. The coumarin groups generally dimerize when irradiated with UV light of approximately 340nm and can be cleaved again when the light is reduced to approximately 250nm. These new types of polyurethane are significantly used for the manufacturing of paints and coating. These innovations will fuel the bio polyols market growth during the forecast period.
Key Bio Polyols Market Challenge
Volatile prices of raw materials is one of the factors hindering the bio polyols market growth. Polyols are used for manufacturing polyurethane foams that are formed by the reaction between diisocyanate and polyols. During the reaction, the foam expands to many times its size and then hardens. However, fluctuating raw prices can lead to volatility in polyol prices. The price range for bio polyols varied from $1,500 per ton to $4,000 in 2021. In the same year, the price of polyester polyols ranged from $2,100 per ton to $2,500 per ton. The price of polyether polyols ranged from $2,000 per ton to $3,500 per ton in 2021. Thus, the increasing price of raw materials will lead to a rise in the price of polyols and adversely impact the growth of the global bio polyols market during the forecast period.
This bio polyols market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global bio polyols market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bio polyols market during the forecast period.
Who are the Major Bio Polyols Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Alberdingk Boley GmbH
- Arkema SA
- BASF SE
- Bio Based Technologies LLC
- Cargill Inc.
- Castor International BV
- Covestro AG
- Croda International Plc
- Emery Oleochemicals LLC
- Global Bio chem Technology Group Co. Ltd.
- Huntsman International LLC
- Invista S.a.r.l
- Jayant Agro Organics Ltd.
- Mitsui Chemicals Inc.
- Nivapol
- Stahl Holdings BV
- Stepan Co.
- The Dow Chemical Co.
- Vertellus Holdings LLC
- Xuchuan Chemical Suzhou Co. Ltd.
This statistical study of the bio polyols market encompasses successful business strategies deployed by the key vendors. The bio polyols market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Arkema SA - Through the adhesive solutions segment, the company manufactures a variety of adhesives for several applications.
- Arkema SA - The company offers oleris which is a bio based seven carbon linear chain saturated fatty acid suitable for sustainable design.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The bio polyols market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Bio Polyols Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the bio polyols market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Bio Polyols Market?
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32% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for bio polyols market in North America. Market growth in this region will be faster than the growth of the market in South America and Europe.
The growing wound dressing market will facilitate the bio polyols market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic spread widely in North America, especially in the US leading to a negative impact on the regional market. However, the resumption of operations by commodity chemical companies post the first half of 2021 is expected to compensate for the demand-supply gap that occurred due to lockdowns in the second half of 2020 and the first half of 2021. Therefore, the demand for commodity chemicals, such as bio polyols, will be less disrupted during the forecast period. Moreover, the situation is expected to improve in the latter half of the forecast period, depending on the containment of the disease.
What are the Revenue-generating Application Segments in the Bio Polyols Market?
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The bio polyols market share growth by the foams segment will be significant during the forecast period. The foams application segment can be sub-segmented into polyurethane flexible foam and polyurethane rigid foam. Polyurethane rigid foams are also used in refrigerator applications that meet the standards set by the American Society of Heating, Refrigerating, and Air-Conditioning Engineers. Heating and cooling systems in houses contribute to the high consumption of energy worldwide. To help reduce the expenditure on electricity and maintain a uniform temperature, builders in different regions focus on adopting rigid polyurethane foams extensively. Such factors fuel the demand in the polyurethane rigid foam segment in the global bio polyols market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bio polyols market size and actionable market insights on post COVID-19 impact on each segment.
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Bio Polyols Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.7% |
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Market growth 2022-2026 |
$ 4.47 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.0 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Alberdingk Boley GmbH, Arkema SA, BASF SE, Bio Based Technologies LLC, Cargill Inc., Castor International BV, Covestro AG, Croda International Plc, Emery Oleochemicals LLC, Global Bio chem Technology Group Co. Ltd., Huntsman International LLC, Invista S.a.r.l, Jayant Agro Organics Ltd., Mitsui Chemicals Inc., Nivapol, Stahl Holdings BV, Stepan Co., The Dow Chemical Co., Vertellus Holdings LLC, and Xuchuan Chemical Suzhou Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Bio Polyols Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive bio polyols market growth during the next five years
- Precise estimation of the bio polyols market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the bio polyols industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bio polyols market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Foams - Market size and forecast 2021-2026
- Exhibit 28: Chart on Foams - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Foams - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Foams - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Foams - Year-over-year growth 2021-2026 (%)
- 5.4 CASE - Market size and forecast 2021-2026
- Exhibit 32: Chart on CASE - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on CASE - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on CASE - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on CASE - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Arkema SA
- Exhibit 93: Arkema SA - Overview
- Exhibit 94: Arkema SA - Business segments
- Exhibit 95: Arkema SA - Key news
- Exhibit 96: Arkema SA - Key offerings
- Exhibit 97: Arkema SA - Segment focus
- 10.4 BASF SE
- Exhibit 98: BASF SE - Overview
- Exhibit 99: BASF SE - Business segments
- Exhibit 100: BASF SE - Key news
- Exhibit 101: BASF SE - Key offerings
- Exhibit 102: BASF SE - Segment focus
- 10.5 Cargill Inc.
- Exhibit 103: Cargill Inc. - Overview
- Exhibit 104: Cargill Inc. - Product / Service
- Exhibit 105: Cargill Inc. - Key news
- Exhibit 106: Cargill Inc. - Key offerings
- 10.6 Castor International BV
- Exhibit 107: Castor International BV - Overview
- Exhibit 108: Castor International BV - Product / Service
- Exhibit 109: Castor International BV - Key offerings
- 10.7 Covestro AG
- Exhibit 110: Covestro AG - Overview
- Exhibit 111: Covestro AG - Business segments
- Exhibit 112: Covestro AG - Key news
- Exhibit 113: Covestro AG - Key offerings
- Exhibit 114: Covestro AG - Segment focus
- 10.8 Croda International Plc
- Exhibit 115: Croda International Plc - Overview
- Exhibit 116: Croda International Plc - Business segments
- Exhibit 117: Croda International Plc - Key offerings
- Exhibit 118: Croda International Plc - Segment focus
- 10.9 Emery Oleochemicals LLC
- Exhibit 119: Emery Oleochemicals LLC - Overview
- Exhibit 120: Emery Oleochemicals LLC - Product / Service
- Exhibit 121: Emery Oleochemicals LLC - Key offerings
- 10.10 Global Bio chem Technology Group Co. Ltd.
- Exhibit 122: Global Bio chem Technology Group Co. Ltd. - Overview
- Exhibit 123: Global Bio chem Technology Group Co. Ltd. - Business segments
- Exhibit 124: Global Bio chem Technology Group Co. Ltd. - Key offerings
- Exhibit 125: Global Bio chem Technology Group Co. Ltd. - Segment focus
- 10.11 Huntsman International LLC
- Exhibit 126: Huntsman International LLC - Overview
- Exhibit 127: Huntsman International LLC - Business segments
- Exhibit 128: Huntsman International LLC - Key news
- Exhibit 129: Huntsman International LLC - Key offerings
- Exhibit 130: Huntsman International LLC - Segment focus
- 10.12 The Dow Chemical Co.
- Exhibit 131: The Dow Chemical Co. - Overview
- Exhibit 132: The Dow Chemical Co. - Business segments
- Exhibit 133: The Dow Chemical Co. - Key news
- Exhibit 134: The Dow Chemical Co. - Key offerings
- Exhibit 135: The Dow Chemical Co. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
- o
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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bio polyols market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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