Press release
Natural Oil Polyols Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Natural Oil Polyols
What Is the Expected Natural Oil Polyols Market Size During the Forecast Period?
The natural oil polyols market has expanded significantly. It will grow from $7.55 billion in 2024 to $8.17 billion in 2025 at a CAGR of 8.2%, due to increased disposable incomes, intensified R&D, diverse applications, automotive sector demand, and a shift toward environmentally friendly materials.
The natural oil polyols market is set to grow steadily, with a projected value of $11.12 billion by 2029 and a compound annual growth rate (CAGR) of 8.0%. The growth is driven by the increased consumption of bio-based polyurethane foams, demand for lightweight and durable products, environmental concerns, and a shift towards natural polyols. Key trends include the growing demand for eco-friendly products, the preference for bio-based solutions, advancements in extraction techniques, and research into sustainable materials.
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What Are the High-Growth Segments in the Natural Oil Polyols Market?
The natural oil polyols market covered in this report is segmented -
1) By Type: Polyester Oil, Polyether Oil
2) By Application: Polyurethane Foams, Metallic Coatings, Cushioning, Feed Stocks, Bakery Products, Other Applications
3) By End-User: Construction, Automobile, Food, Transportation, Other End-Users
Subsegments:
1) By Polyester Oil: Vegetable Oil-Based Polyester Polyols, Animal Fat-Based Polyester Polyols, Other Polyester Oils
2) By Polyether Oil: Propylene Oxide-Based Polyether Polyols, Ethylene Oxide-Based Polyether Polyols, Other Polyether Oils
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What Key Drivers Are Expected to Influence Future Natural Oil Polyols Market Growth?
The growing demand within the automotive industry is anticipated to accelerate the natural oil polyols market. The automotive industry refers to the increasing global demand for vehicles and related products, driven by factors like rising income levels, rapid urbanization, technological advancements, and expanding populations. Natural oil polyols play a crucial role by offering eco-friendly alternatives in the production of polyurethane foams, adhesives, and coatings. These sustainable materials contribute to improved fuel efficiency and a reduced carbon footprint in vehicle manufacturing. For instance, the European Automobile Manufacturers Association, a Belgium-based organization, reported in February 2023 that over 68 million passenger vehicles were produced globally in 2022, reflecting a 7.9% rise from the previous year. Thus, the rising demand in the automotive sector supports the growth of the natural oil polyols market.
Which Companies Hold the Largest Share Across Different Natural Oil Polyols Market Segments?
Major companies operating in the natural oil polyols market are Shell Chemicals, Cargill Incorporated, Mitsui Chemicals Inc., BASF SE, Repsol S.A, The Dow Chemical Company, Wanhua Chemical Group, Covestro AG, Evonik Industries AG, Arkema, Huntsman International LLC., Chevron Phillips Chemical Company LLC, Stepan Company, Croda International Plc, Ingevity Corp., Perstorp Holding AB, Sanyo Chemical Industries Ltd., Kukdo Chemical Co. Ltd., Jayant Agro Organics Ltd., Oleon NV, Emery Oleochemicals, Elevance Renewable Sciences Inc., Inolex Inc., Novomer Inc., DAICEL ChemTech Inc
What Are the Major Trends Shaping the Natural Oil Polyols Market?
Major companies in the natural oil polyols market are producing materials from bio-circular raw sources to support sustainability. In September 2022, Germany-based Covestro AG launched polyether polyols made from bio-circular resources. Using the mass balance approach, renewable content from biowaste is mathematically allocated to the final product, reducing reliance on fossil-based inputs and lowering carbon impact.
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What Are the Emerging Geographies for The Natural Oil Polyols Market Growth?
North America was the largest region in the natural oil polyols market in 2023. The regions covered in the natural oil polyols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Natural Oil Polyols Market?
2. What is the CAGR expected in the Natural Oil Polyols Market?
3. What Are the Key Innovations Transforming the Natural Oil Polyols Industry?
4. Which Region Is Leading the Natural Oil Polyols Market?
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