Green and Bio Polyols Market is to grow at a 9.3 % CAGR, with the United States leading the market through 2030

The Global Green and Bio Polyols Market is expected to reach USD 9.34 Bn by 2030. The Global Green and Bio Polyols Market is driven by the rise in the number of individuals affected by rare diseases.

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Global Green and Bio Polyols Market to Hit USD 9.34 Bn by 2030

The Global Green and Bio Polyols Market was USD 5.01 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.3 % from 2023 to 2030, reaching USD 9.34 Bn by 2030. Eco-friendly and sustainable nature of bio polyols, consistent supply of bio-based feedstock, and crude oil price fluctuations are driving the global green and bio polyols market. Varied development in different regions is hampering the growth of the market. Increased recycling of foam-based waste for the manufacturing of bio polyols has helped to dampen raw material prices for conventional polyols. Governments and regulatory organizations, such as the Environmental Protection Agency (EPA) and REACH, have implemented several guidelines encouraging the use of bio-based polyols. Hazardous volatile organic compounds (VOCs) are used in the production of conventional polyols.

Global Green and Bio Polyols Market Segmentation

By Raw Material: The natural oil and its derivative segment held the largest market share of 26 % in 2023. Respecting both the value and volume the natural oil and their derivative raise the raw material segment. key component in polyester polyol production, improving foam durability, and natural oils like soybean, castor, and palm oil provide eco-friendly, cost-effective substitutes for petroleum-based polyols. The natural oils and their derivatives segment led the raw material segment of the market with respect to value. Bio-polyols which are made from natural oils are known as natural oil polyols.

By Type: The polyether polyols segment held the largest market share with 28 % in 2023. Through the catalysis reaction of epoxides, the regular manufacturing of polyether polyols is going on. Polyester polyols are known for their strength, hydrolysis resistance, and use in coatings, adhesives, and rigid foams, whereas polyether polyols offer greater flexibility and reactivity, making them ideal for soft foams, sealants, and elastomers.

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Global Green and Bio Polyols Market Regional Analysis

In North America, The North American green and bio polyols market is experiencing significant growth, driven by increasing demand for sustainable materials across various industries. The compound annual growth rate (CAGR) for the North American market is projected at 8.9% through the forecast period. Specifically, the U.S. market is anticipated to grow from USD 262.80 million in 2024 to USD 440.50 million by 2032, reflecting a CAGR of 6.8% during this period.

The European In Europe green and bio polyols market is projected to grow from USD 200.64 million in 2024 to USD 332.28 million by 2032, at a compound annual growth rate (CAGR) of 6.6% during this period. Key countries contributing to this growth include Germany, France, Italy, the Netherlands, and the United Kingdom. However, specific CAGR values and market sizes for these individual countries are not detailed in the available sources.

APAC, Key countries driving this growth include China, India, Japan, South Korea, Australia. The Asia-Pacific (APAC) region is poised for significant growth in the green and bio polyols market. The market is projected to expand from USD 342.34 million in 2024 to USD 597.66 million by 2032, reflecting a compound annual growth rate (CAGR) of 7.30% during this period.

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Global Green and Bio Polyols Market Competitive Landscape

ADNOC and OMV's: March 2025, the Abu Dhabi National Oil Company (ADNOC) and Austria's OMV announced plans to merge their polyolefin businesses, forming Borouge Group International, valued at approximately $60 billion. This merger combines Borealis-jointly owned by OMV (75%) and ADNOC (25%)-and Borouge, owned by ADNOC (54%) and Borealis (36%). Additionally, Borouge Group International intends to acquire Canada's Nova Chemicals Corp for $13.4 billion, aiming to expand into the North American market.

Fortum's Divestment: In September 2024, Finnish energy group Fortum agreed to sell its 37.4% stake in Chempolis, a Finnish biorefining technology firm, along with its share in a company owning 40.3% of Assam Bio Ethanol in India. The buyer, India's AM Green Technology & Solutions, acquired these stakes as part of Fortum's strategic review. This divestment aligns with Fortum's focus on its core operations and is not expected to significantly impact its financial results.

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Conclusion

The market is expanding due to increasing demand for eco-friendly polyols, regulatory support, and advancements in bio-based feedstocks.
Companies are investing in research, technology, and strategic partnerships to enhance product efficiency, sustainability, and global market reach.
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