- Polyether Polyols,
- Polyester Polyols
Bio-based Polyols Market size was valued at USD 3,472.9 million in 2022 and is poised to grow at a CAGR of 8.9% from 2023 to 2029. The global market provides a detailed overview of the Bio-based Polyols Market, which has been segmented by type, application, and end user. By type, the Bio-based Polyols market has been segmented into Polyether Polyols, Polyester Polyols. The Polyether Polyols segment is likely the most significant and fastest-growing in terms of type. By application, the Bio-based Polyols market has been segmented into Polyurethane Rigid Foam, Polyurethane Flexible Foam, and CASE. The Polyurethane Flexible Foam segment holds a significant revenue share in the market. Based on the end user, the Bio-based Polyols are segmented into Furniture & Bedding, Automotive, Packaging, Carpet Backing, and Others. According to precision business insights, the Furniture & Bedding segment is predicted to register the fastest growth rate during the forecast period.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
One of the main factors propelling the growth of the bio polyols market is the rising demand for these materials in the construction and automotive sectors. Many vehicle parts, including side skirts, wiper cowls, and others, are made using polyurethane foams. The demand for automobile cars has also expanded concurrently, benefiting market expansion.
The CAGR of the bio-based polyols market is 8.9% over the forecast period (2022 - 2028)
The major players in the global Bio-based Polyols market are Novomer, BASF SE, Bayer AG, Cargill, Inc., Koch Industries, Mitsui Chemicals, Emery Oleochemicals, Huntsman Corporation, DOW Chemical Company, Biobased Technologies LLC, Harima Chemicals Group, Inc., and Global Bio-Chem Technology Group.
??The North American market is expected to witness the largest market share during the forecast period.
1. Executive Summary |
2. Global Bio-based Polyols Market Introduction |
2.1. Global Bio-based Polyols Market - Taxonomy |
2.2. Global Bio-based Polyols Market -Definitions |
2.2.1. By Type |
2.2.2. By Application |
2.2.3. By End User |
2.2.4. By Region |
3. Global Bio-based Polyols Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Bio-based Polyols Market Dynamic Factors - Impact Analysis |
3.6. Global Bio-based Polyols Market - Competition Landscape |
4. Global Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Bio-based Polyols Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Polyether Polyols |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Polyester Polyols |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Bio-based Polyols Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1. Polyurethane Rigid Foam |
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Polyurethane Flexible Foam |
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. CASE |
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Bio-based Polyols Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1. Furniture & Bedding |
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Automotive |
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Packaging |
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Carpet Backing |
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Bio-based Polyols Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User, and Region, 2023 - 2029 |
9. North America Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Polyether Polyols |
9.1.2. Polyester Polyols |
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Polyurethane Rigid Foam |
9.2.2. Polyurethane Flexible Foam |
9.2.3. CASE |
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Furniture & Bedding |
9.3.2. Automotive |
9.3.3. Packaging |
9.3.4. Carpet Backing |
9.3.5. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User and Country, 2023 - 2029 |
9.6. North America Bio-based Polyols Market Dynamics - Trends |
10. Europe Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Polyether Polyols |
10.1.2. Polyester Polyols |
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Polyurethane Rigid Foam |
10.2.2. Polyurethane Flexible Foam |
10.2.3. CASE |
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Furniture & Bedding |
10.3.2. Automotive |
10.3.3. Packaging |
10.3.4. Carpet Backing |
10.3.5. Others |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Benelux |
10.4.8. Rest of Europe |
10.5. Europe Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User and Country, 2023 - 2029 |
10.6. Europe Bio-based Polyols Market Dynamics - Trends |
11. Asia-Pacific Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Polyether Polyols |
11.1.2. Polyester Polyols |
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Polyurethane Rigid Foam |
11.2.2. Polyurethane Flexible Foam |
11.2.3. CASE |
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Furniture & Bedding |
11.3.2. Automotive |
11.3.3. Packaging |
11.3.4. Carpet Backing |
11.3.5. Others |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. China |
11.4.2. India |
11.4.3. Japan |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User and Country, 2023 - 2029 |
11.6. Asia-Pacific Bio-based Polyols Market Dynamics - Trends |
12. Latin America Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Polyether Polyols |
12.1.2. Polyester Polyols |
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Polyurethane Rigid Foam |
12.2.2. Polyurethane Flexible Foam |
12.2.3. CASE |
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Furniture & Bedding |
12.3.2. Automotive |
12.3.3. Packaging |
12.3.4. Carpet Backing |
12.3.5. Others |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User and Country, 2023 - 2029 |
12.6. Latin America Bio-based Polyols Market Dynamics - Trends |
13. Middle East and Africa Bio-based Polyols Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Polyether Polyols |
13.1.2. Polyester Polyols |
13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Polyurethane Rigid Foam |
13.2.2. Polyurethane Flexible Foam |
13.2.3. CASE |
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Furniture & Bedding |
13.3.2. Automotive |
13.3.3. Packaging |
13.3.4. Carpet Backing |
13.3.5. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Bio-based Polyols Market - Opportunity Analysis Index, By Type, By Application, By End User and Country, 2023 - 2029 |
13.6. MEA Bio-based Polyols Market Dynamics - Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. BASF SE |
14.2.2. Bayer AG |
14.2.3. Biobased Technologies LLC |
14.2.4. Cargill, Inc. |
14.2.5. DOW Chemical Company |
14.2.6. Harima Chemicals Group, Inc. |
14.2.7. Emery Oleochemicals |
14.2.8. Global Bio-Chem Technology Group |
14.2.9. Huntsman Corporation |
14.2.10. Koch Industries |
14.2.11. Mitsui Chemicals |
14.2.12. Novomer |
15. Research Methodology |
16. Key Assumptions and Acronyms |