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SOURCE Research and Markets
DUBLIN, Feb. 7, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/cdj9t7/green_polyol_and) has announced the addition of the "Green Polyol & Bio Polyol Market by Type, Application, End-user & Geography - Global Trends & Forecasts 2018" report to their offering.
The green & bio polyol market growing at a CAGR of 10.8% is expected to generate global revenue of $3,077.0 million by 2018. The demand for these polyols is driven by factors such as availability of raw materials (Natural oils, recycled PET/polyurethanes), increasing prices of crude oil leading to price rise in conventional polyols and lower carbon footprint leading to a higher sustainability for green & bio polyols.
The report considers two types green & bio polyols that are commonly used. These are polyester polyols and polyether polyols. Green polyols are those that are synthesized from recycled polyurethanes and PET (polyethylene terepthalate). Bio-based polyols are those that are synthesized from natural oils such as corn, castor, canola, rapeseed, palm, soybean, etc. The major applications for these polyols include polyurethane foams (flexible & rigid), coatings, adhesives and sealants. Important end-user industries consuming Green & bio polyols include construction, transportation, packaging, furniture/bedding, carpet, etc.
North America is currently the largest consumer of green & bio polyols. It is expected to grow at a CAGR of 10.0% in the next five years. Corn and soybean are the most commonly used feedstock to manufacture bio polyols in North America. Asia-Pacific is currently the fastest growing market for green & bio polyols. Its market revenue is forecasted at $1,023.8 million by 2018.
Polyurethane flexible foams are the fastest growing applications for green & bio polyols. The market for the same is estimated to generate revenue of $1,104.2 million by 2018. Polyurethane flexible foams are widely used in automotive industry to manufacture auto seat backrests, headrests, armrests, etc. The foam is also used for household applications such as cushions in furniture. Transportation industry with a CAGR of 12.2% is the fastest growing end-user consumer of green & bio polyols. A major proportion of this demand is attributed to green & bio polyol consumption by the automotive industry.
Cargill Inc. (U.S.), BASF SE (Germany), Emery Oleochemicals (H) SDN BHD, etc. are major manufacturers of bio-based polyols. Petopur GmBH (Germany), Rampf Ecosystems (Germany), etc. are major manufacturers of green/recycled polyols.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Green & Bio Polyol Market, By Type
6 Green & Bio Polyol Market, By Application
7 Green & Bio Polyol Market, By End-User Industry
8 Green & Bio Polyol Market, By Geography
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cdj9t7/green_polyol_and
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
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