Green Polyols Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

According to a new report published by , titled, "green polyols," The green polyols market was valued at $7.3 billion in 2021, and is estimated to reach $17.2 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.

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Green polyols have abrasion, chemical, and oil resistance and are used in rollers, hauling belts, rollerblade wheels, hospital trolleys, printing rollers, and under-the-hood car applications. Green polyols have a wide range of qualities, including modern coatings made of polyurethane for durability and a glossy look. Green polyols can be used to make a variety of finished products such as sports shoe soles, eyeglasses, auto parts, cell and phone casings, and so on, whereas carbon-neutral oleochemicals, a polyester polyol, are widely used in the synthesis of high-performance lubricants, bio-based plasticizers, pharmaceuticals and herbicides and pesticides, perfumes and flavors, and organic skincare ingredients.

Rising use of bio-based polyols in automobile production is among the key drivers driving the growth of the green polyols market. Also. green polyols are among the most versatile polymers, being employed in stiff and flexible foams in coatings, films, and other goods. Green polyols are derived from a range of basic materials such as thermoplastics, elastomers, and adhesives. When compared to traditional polyols, which are commonly utilized in the automotive industry, green polyols can improve load-bearing or hardness properties in moulded foams such as vehicle seats and headrests.

The green polyols market is segmented into type, application, end-use industry, and region. On the basis of type, the market is bifurcated into polyether polyols and polyester polyols. On the basis of application, the market is categorized into polyurethane foam, adhesives & sealants, coatings, and others. On the basis of the end-use industry, the market is classified into furniture & bedding, construction, packaging, automotive, and others. Automotive segment is the fastest-growing segment with the highest CAGR. Green polyols foam is popular in the automobile sector due to its lightweight, durability, versatility, recycling, and great sound absorption and vibration-dampening capabilities. Low-emission methylene diphenyl isocyanate (MDI)-based foam systems for automotive interiors which is one of the innovative technologies that allow global automotive formulators and foam manufacturers to produce high-performance polyurethane foams. Passenger automobiles are the dominant sector, and the benefits of green polyol-based polyurethanes are fully utilized in this industry. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the study include Synthesia Technology Group, UniSol, BASF SE, Cargill Incorporated, Arkema, Covestro AG, IQS Global, BioBased Technologies, Emery Oleochemicals LLC, and Roquette. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market.

Key Market Insights:

On the basis of type, the polyether polyols segment is the fastest growing segment, growing with a CAGR of 9.2%

By application, the polyurethane foam segment held the highest share of the market in 2021.

On the basis of end-use industry, the automotive segment is the fastest growing segment, growing with a CAGR of 9.5%

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Green Polyols Market By Type (Polyether Polyols , Polyester Polyols), By Application (Polyurethane Foam, Adhesives and Sealants, Coatings, Others), By End-use Industry (Furniture and Bedding, Construction, Packaging, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

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This release was published on openPR.