Market Overview:
The global biobased polyols market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of XX% during the forecast period. The growth of the market can be attributed to the increasing demand for bio-based products across various applications. Based on type, corn oil is expected to account for a major share of the global biobased polyols market in 2018. Soybean oil is also anticipated to witness significant growth during the forecast period owing to its growing demand from end-use industries such as foam, coating and leather. Regionally, North America dominates the global biobased polyols market followed by Europe and Asia Pacific.
Product Definition:
A biobased polyol is a polymer that is derived from renewable resources. These materials can be used to make products such as adhesives, coatings, and plastics. Biobased polyols are important because they reduce the dependence on fossil fuels and help to conserve natural resources.
Corn Oil:
Corn oil is a by-product obtained during the processing of corn grain. It is also known as maize oil or sweet sorghum oil and has been used in various food products such as bakery, confectionery, dairy & frozen foods and meat & poultry feed over the past few years. Corn oils contains fatty acids which are required for biobased polyols production.
Soybean Oil:
Soybean oil is a vegetable oil that is extracted from soybeans. It has become one of the most popular vegetable oils in the world due to its high nutritional value and low saturated fat content. The U.S., Brazil, Argentina, Canada, China, and India are some of the largest consumers of soybean oil in the world owing to its health benefits such as lowering blood pressure levels and preventing breast cancer among other diseases (1).
Application Insights:
Foam was the largest application segment and accounted for over 40% of the global biobased polyols market in 2017. The growing demand for lightweight foams, which are used as cushioning materials in automobiles is expected to drive product demand over the forecast period.
Coating is anticipated to be one of the fastest-growing segments owing to increasing product utilization as plasticizers and solvents in coatings industry. Plasticizers are used extensively across various end-use industries including automotive, construction and medical devices on account of their high molecular weight, low toxicity towards humans & environment along with few other advantages such as transparency & flexibility offered by them. These factors are likely to increase product consumption across various end-use industries thereby driving growth during the forecast period.
Other applications include adhesives & sealants, leather finishing products.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 40% of the global revenue share. The region is anticipated to witness a significant CAGR from 2018 to 2030 owing to increasing product demand from various application industries, especially coatings and automotive. Increasing consumer disposable income levels coupled with rapid urbanization in emerging economies such as China, India, Indonesia, Malaysia has resulted in an increased demand for automobiles which will further boost product consumption.
The growth of key end-use industries including paints & coatings; automotive; building & construction materials; adhesives & sealants is expected to drive the biobased polyols market across Asia Pacific during the forecast period. In addition, rising awareness regarding environment protection along with stringent government regulations are projected to propel industry growth over next eight years.
Europe was estimated as second largest regional segment followed by North America on account of high consumption volume generated by major countries such as Germany and U.K.
Growth Factors:
- Increasing demand for biobased polyols in the automotive and construction industries due to their environmental benefits over petrochemical-based polyols.
- Growing awareness about the health and environmental benefits of biobased polyols among consumers.
- Rising demand for sustainable products across all industries.
- Technological advancements that have led to the development of more efficient and cost-effective biobased polyols products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Biobased Polyols Market Research Report
By Type
Corn Oil, Soybean Oil, Canola Oil, Castor Oil, Palm Oil, Others
By Application
Foam, Coating, Leather, Others
By Companies
BASF, Huntsman, Dow, Stahl, Croda, Cargill, Mitsui Chemicals, Polylabs, Emery Oleochemicals, BioBased Technologies, Xuchuan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Biobased Polyols Market Report Segments:
The global Biobased Polyols market is segmented on the basis of:
Types
Corn Oil, Soybean Oil, Canola Oil, Castor Oil, Palm Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Foam, Coating, Leather, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Huntsman
- Dow
- Stahl
- Croda
- Cargill
- Mitsui Chemicals
- Polylabs
- Emery Oleochemicals
- BioBased Technologies
- Xuchuan
Highlights of The Biobased Polyols Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Corn Oil
- Soybean Oil
- Canola Oil
- Castor Oil
- Palm Oil
- Others
- By Application:
- Foam
- Coating
- Leather
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biobased Polyols Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biobased polyols are a class of renewable chemicals that are derived from biomass. Biobased polyols can be used as replacements for traditional petroleum-based plastics and other materials.
Some of the major companies in the biobased polyols market are BASF, Huntsman, Dow, Stahl, Croda, Cargill, Mitsui Chemicals, Polylabs, Emery Oleochemicals, BioBased Technologies, Xuchuan.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biobased Polyols Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biobased Polyols Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biobased Polyols Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biobased Polyols Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biobased Polyols Market Size & Forecast, 2020-2028
4.5.1 Biobased Polyols Market Size and Y-o-Y Growth
4.5.2 Biobased Polyols Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Corn Oil
5.2.2 Soybean Oil
5.2.3 Canola Oil
5.2.4 Castor Oil
5.2.5 Palm Oil
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Foam
6.2.2 Coating
6.2.3 Leather
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biobased Polyols Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biobased Polyols Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Corn Oil
9.6.2 Soybean Oil
9.6.3 Canola Oil
9.6.4 Castor Oil
9.6.5 Palm Oil
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Foam
9.10.2 Coating
9.10.3 Leather
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Corn Oil
10.6.2 Soybean Oil
10.6.3 Canola Oil
10.6.4 Castor Oil
10.6.5 Palm Oil
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Foam
10.10.2 Coating
10.10.3 Leather
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Corn Oil
11.6.2 Soybean Oil
11.6.3 Canola Oil
11.6.4 Castor Oil
11.6.5 Palm Oil
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Foam
11.10.2 Coating
11.10.3 Leather
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Corn Oil
12.6.2 Soybean Oil
12.6.3 Canola Oil
12.6.4 Castor Oil
12.6.5 Palm Oil
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Foam
12.10.2 Coating
12.10.3 Leather
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Corn Oil
13.6.2 Soybean Oil
13.6.3 Canola Oil
13.6.4 Castor Oil
13.6.5 Palm Oil
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Foam
13.10.2 Coating
13.10.3 Leather
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biobased Polyols Market: Competitive Dashboard
14.2 Global Biobased Polyols Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Huntsman
14.3.3 Dow
14.3.4 Stahl
14.3.5 Croda
14.3.6 Cargill
14.3.7 Mitsui Chemicals
14.3.8 Polylabs
14.3.9 Emery Oleochemicals
14.3.10 BioBased Technologies
14.3.11 Xuchuan
