Carbon Footprint are the Major Growth Drivers of Green and Bio Polyols Market

 

Green and Bio Polyols Market
Green and Bio Polyols Market

Polyol is a type of alcohol with numerous hydroxyl groups. Polyurethanes and polyethylene terepthalate are used to make green polyols. Bio polyols (NOPs) are derived from oils like canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil. The rising cost of petrochemical feedstock, as well as public and regulatory demand for environmentally friendly products that reduce carbon footprint, are the primary growth drivers in the green and bio polyols market.

Green and biological Polyols are polyurethane (PU) derivatives derived from renewable sources. The new generation bio-based PU is produced by chemical synthesis from natural or plant-based raw materials, reducing the reliance on fossil fuels for the production of traditional petroleum-derived products. They are environmentally friendly chemical compounds. They are available in a variety of forms, allowing them to be used as substitutes for petroleum-based products such as plastics, paints, waxes, and fuels.

The Green and Bio Polyols Market is divided into five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America was the largest market for Green and Bio Polyols in 2018, and it is expected to grow rapidly during the forecast period. Europe was the second-largest market for Green and Bio Polyols in 2018 and is expected to grow rapidly. However, due to increased investments by major corporations, Asia Pacific is expected to be a promising market during the forecast period.

Dataintelo has released a new report titled "Green and Bio Polyols Market Research Report," which is divided into Types (Polyether Polyols, Polyester Polyols), Applications (Furniture and Bedding, Construction/Insulation, Automotive, Packaging, Carpet Backing, Engineered components, Industrial, Sports, Textiles & Clothing), and Players/Companies Bayer, BioBased Technologies, BASF, Cargill, DowDuPont, Stepan.

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