Polyol is a type of alcohol which contains multiple hydroxyl groups. Green polyols are derived from polyurethanes and polyethylene terepthalate. Bio polyols or Natural oil polyols (NOPs) are derived from oils such as canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil. Increasing cost of petrochemical feedstock, public desire, and regulatory pressure for environment friendly products, which reduce the carbon footprint are the major growth drivers of green and bio polyols market. The demand for green and bio polyols is majorly due to its requirement in several industries such as packaging, construction, automotive, furniture, and bedding. Green and bio polyols are mainly utilized for the synthesis of polyurethane, which is further used for making coatings and foam. Furniture and construction industry is expected to increase the growth of green and bio polyols.

Green and Bio Polyols-Market Taxonomy

Based on Raw Materials, the green and bio polyols market is segmented into:

Natural Oils and Their Derivatives

Sucrose

Carbon Dioxide

Recycled Polymers

Based on Product type, green and bio polyols market is segmented into:

Polyether Polyols

Polyester Polyols

Based on Application, green and bio polyols market is segmented into:

Foam

Polyurethane Rigid Foam

Polyurethane Flexible Foam

Coatings

Adhesives

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Major Keyplayers: Arkema S.A., Bayer AG, BioBased Technologies LLC, BASF SE, Cargill Inc., The Dow Chemical Company, Stepan Company, Emery Oleochemicals (M) Sdn Bhd

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