A recently released report from Transparency Market Research (TMR)
forecasts that the global natural oil polyol market will grow at a
CAGR of 9.3% from 2014 to 2020. TMR, a market intelligence firm based
in the U.S., states that by 2020, the global natural oil polyol
market will reach a market value of US$7.22 billion from US$3.88
billion in 2013. The report, titled ‘Natural Oil Polyol Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2014 - 2020’, is available for sale on the company website.
According to this market research report, greater focus on lessening
the excessive reliance on petroleum derived polyurethane and
increasing prices of petroleum drive the global market for natural
oil polyol. Polyols refer to the most vital components that are
required for producing polyurea and polyurethane. Substantial demand
for natural oil polyol comes from the following markets: furnishings,
coatings and paints, construction, and automotive.
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Natural oil polyols enhance the bio-content in polyurethane, which in
turn leads to higher levels of renewable carbon in the product.
Polyols are generally derived from petroleum feedstock, however owing
to heightened environmental concerns, the trend of deriving polyols
from renewable sources is gaining momentum. This TMR report segments
the global natural oil polyol market on the basis of type of product
and region. On the basis of product type, this market is categorized
into sunflower oil, canola oil, palm oil, castor oil, soy oil, and
others.
The other types of oils are peanut oil, mustard oil, and olive oil.
In addition to plant oils, natural oil polyols are also derived from
animal oils. However, the demand for animal based polyols is quite
less as compared to plant based polyols.
Flexible, slabstock, and rigid are the different types of
polyurethane that are derived from polyols varying in molecular
weight and chemical structures. Surfactants, blowing agents, cross
linkers, and chain extenders are the key components that are added to
polyurethane foams for changing or controlling their flexibility or
rigidity.Geographically, this research study segments the global
natural oil polyol market into Asia Pacific, Europe, North America,
and Rest of the World.
Europe and North America are the largest consumers of soy oil polyol
whereas Asia Pacific is the largest consumer of palm oil and castor
oil polyols. In terms of consumption, North America holds the highest
share in the global natural oil polyol market and is expected to
retain its dominant position in the forthcoming years.
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Factors supporting the robust growth of the North America natural oil
polyol market are high purchasing power of the masses and greater
government initiatives, supporting the use of sustainable products.
Asia Pacific is anticipated to be the fastest growing regional player
in the global natural oil polyol market during the forecast period.
The report identifies the following key companies operating in the
global natural oil polyol market: Vertellus Specialties, Bayer
Material Science AG, Emery Oleochemicals, IFS Chemicals Group, and
Dow Chemical Company amongst others.
Natural
Oil Polyol Market - Product Segment Analysis
- Soy oil polyol
- Castor oil polyol
- Palm oil polyol
- Canola oil polyol
- Sunflower oil polyol
- Others (Including olive oil polyol, corn oil polyol, mustard oil polyol, etc.)
Natural
Oil Polyol Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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