Press release
Future of Natural Oil Polyols (NOP) Market Along with Key Drivers, Major Manufacturers, Business Analysis by 2023
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Natural oil polyols are also known as biopolyols, which are derived from vegetable oils. Some of the major vegetable oil sources, such as sunflower oil, soy oil, castor oil and palm oil, are used as natural oil polyols feedstock.
Bio-derived materials such as soy-based polyols could offer significant advantages over conventional polyols in regard to sustainability, reduction of petroleum dependence and potential lower cost. Additionally, they are often characterized by higher thermal stability and less sensitivity to hydrolysis.
Environmental Protection Agency (EPA) set a policy to promote environment-friendly products pertaining to health and ecosystem safety.
Based on product, the soy oil polyols was the major revenue contributor to the global natural oil polyols market. The major reason behind the growth of the soy oil polyols segment is the ease of processing and abundant availability of raw materials on account of increasing soy acreage in the U.S. and Brazil.
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Some of the major competitors in the global natural oil polyols market include The Dow Chemical Company, Cargill Inc, BASF SE, Huntsman Corporation, Bayer Material Science AG, Emery Oleochemicals, BioBased Technologies LLC, Elevance Renewable Sciences Inc. and IFS Chemicals Group.
Global Natural Oil Polyols Market Segmentation
By Product
Soy oil polyols
Palm oil polyols
Castor oil polyols
Sunflower oil polyols
Canola oil polyols
Others
By Geography
North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K.
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East & Africa (MEA)
South Africa
Rest of MEA
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