(MENAFN- America News Hour) In a recently published report, Global Green and Bio Polyols Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Green and Bio Polyols Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Green and Bio Polyols Market is valued approximately at USD 3.5 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.50% over the forecast period 2019-2026.
Green and Bio Polyols are bio based high quality polyols those are synthesized by raw materials such as rapeseed or tall oils. These bio polyols are used extensively in the manufacturing of rigid polyurethane foams. Further, these foams are used in bedding & furniture, construction, automotive industry and more. Growing demand for bio-based products coupled with growing demand for lightweight material, better material in manufacturing are key driving factors of market growth. Further, growing demand for bio-based polyols in packaging industries coupled with recycling of bio polyols from foam-based waste is expected to create significant growth opportunity in the market over the forecast period. However, higher cost of these bio polyols as compared to conventional polyols is expected to hamper the market growth over the forecast period.
The regional analysis of global Green and Bio Polyols market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing demand for aluminum alloy from the automotive industry coupled with government support. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing production capacity of automotive components coupled with demand for coating material would create lucrative growth prospects for the Green and Bio Polyols market across Asia-Pacific region.
Major market player included in this report are:
Cargill Inc.
The DOW Chemical Company
BASF SE
Bayer AG
Stepan Company
Biobased Technologies LLC
Emery Oleochemicals
Jayant Agro Organics Pvt. Ltd.
Global Bio-Chem Technology Group
E.I. Du Pont De Nemours & Co.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type of Raw Materials:
Natural Oils and Their Derivatives
Sucrose
Carbon Dioxide
Recycled Polymers
By Type:
Polyether Polyols
Polyester Polyols
By Application:
Pu Flexible Foam
Coatings, Adhesives, Sealants, and Elastomers
Pu Rigid Foam
By End-use Industries:
Furniture & Bedding
Automotive
Construction
Packaging
Carpet Backing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Green and Bio Polyols Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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