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Bio Polyol and Green Polyol Market Outlook (2022 - 2032)

A CAGR of 9% is expected of the global bio polyol and green polyol market due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 10.61 Bn by 2032, up from US$ 4.48 Bn in 2022.

Manufacturers are providing polyester polyols that can primarily be used in a “2k system” coupled with isocyanates like MDI and/or TDI to make polyurethane which surges the demand for bio polyol and green polyol. Other uses are in amalgamation with melamine, epoxy, acrylates, etc. Their standard polyester polyols are based on different types of acids and glycols and tailored-made grades to develop the end user’s needs.

The use of few raw materials and no danger are basically targeted advantages with these technologies owing to 98% solvent-free products. As sealants, these polyols are tough and waterproof and can be used for window sealants, joints, and electrical and electronic components.

Moreover, as elastomers, the polyols have durability, abrasion, chemical and oil resistance properties and are used for rollers, belts for carrying operations, wheels for rollerblades, hospital trolleys, rollers for printing processes, and under-the-hood automotive.

The polyester polyols range provided by top market players has several characteristics, such as modern coatings containing polyurethane for durability and glossy aspect purposes. It can be used in water dispersion for coating and in a 2K system for wood and metal application (primer and top coat).

Although, there has been a technological change from solvent-based systems to solvent-free technologies in terms of adhesives, such as polyurethane dispersions (PUD) and polyurethane hotmelt adhesives. All these factors collectively contribute to the global bio-polyol and green polyol market growth.

Market players are focusing their research efforts on renewable raw materials to produce bioplastics and green chemicals, which are more environmentally friendly. Their innovative solutions acknowledge perfectly the UN’s sustainable development goal (SGD 12) “ensure sustainable consumption and production patterns”.

The demand for bio polyol and green polyol is estimated to surge when it comes to plant chemistry, owing to the market players having unique know-how in the chemistry of the castor plant, a non-edible plant, from which a wide range of high-performance long-chain bio-sourced polyamides and linear oleochemical building blocks are produced.

These bio polyols can be used to make several finished products such as soles of sports shoes, eyeglasses, auto parts, the casing of cell phones, etc. and carbon-neutral oleochemicals are widely used in the synthesis of high-performance lubricants, bio-based plasticizers, pharmaceuticals and agrochemicals, fragrances and flavours, natural ingredients for cosmetics, etc. These various applications are likely to secure the adoption of bio-polyol and green polyol across various sectors.

Using high-quality bio-based polyols, key market players are launching a new polyol that makes indoor floorings, for instance, in industrial warehouses or sports halls, more resistant. The resin greatly contributes to the production of more sustainable coatings with particularly high levels of stability and stability, as it is produced from renewable raw materials and contains no volatile organic compounds.

Mattress manufacturers are able to meet consumer demands or performance and pricing through the use of foams created with bio polyols. Additionally, bio polyols can further help furniture foam manufacturers reduce their environmental footprint and hence, lead to the expansion of the bio polyol and green polyol market share.

A wide range of polyols has been offered by leading market players, such as sorbitol, mannitol, maltitol, glycerin, xylitol, isomalt, erythritol, etc., to be used in many different industrial applications.

The uses of polyols include providing the building blocks for sorbitan ester surfactants, an emulsion stabilizer, acting as a plasticizer/cross-linker for resins, functional fluids, component for polyurethane and alkyd resins, providing viscosity control for glass etching, etc. and are expected to propel the global bio polyol and green polyol market growth.

Attributes Details
Bio Polyol and Green Polyol Market Size (2022) US$ 4.48 Billion
Bio Polyol and Green Polyol Market Size (2032) US$ 10.61 Billion
Bio Polyol and Green Polyol Market CAGR 9%

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Bio Polyol and Green Polyol Market Overview

Green polyols and bio polyols are eco-friendly alcohol solutions containing multiple hydroxyl groups. Green polyol is derived from recycled polyethylene terepthalate (PET) and polyurethanes, while bio polyol is extracted from different vegetable oils such as canola, castor and corn.

Polyether polyols and polyester polyols are the two primary types of green polyols and bio poyols which are commonly used. These products are used in series of applications such as adhesives, sealants, coatings, and polyurethane foams (flexible & rigid). Different end-user consumers of these polyols include packaging, construction, transportation, furniture and carpet among others.

The demand for green & bio polyols market has been majorly growing from certain end user industries such as transportation and construction. Several growth factors such as availability of raw materials and increasing prices of crude oil leading to price rise in conventional polyols have contributed to the growth of the market.

Other factors such as the lower carbon footprint have also lead to a higher sustainability for green polyols and bio polyols. However, lack of technology and desired effects as compared to conventionally used polyols is expected to slow down the growth of the green polyol and bio polyol market.

North America is the largest consumer of green polyols and bio polyols where soybean and corn are the commonly used raw materials to manufacture bio polyols.

Future market growth is expected to be from emerging regions such as Asia Pacific with growth of the end-user industries such as automotive and packaging, which are also expected to provide growth opportunities to the market.

Arkema S.A., BASF SE, Biobased Technologies LLC, Bayer MaterialScience, Cargill Inc., Global Bio-Chem Technology Group Co. Ltd., Emery Oleochemicals (M) Sdn Bhd, Johnson Controls Inc, and Jayant Agro Organics Ltd. are some of the key industry manufacturers dominating the green polyol and bio polyol market.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include 

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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This report provides comprehensive analysis of 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players.

The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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