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Natural Oil Polyols industry outlook and forecast 2020-2027 | Grand View Research, Inc.

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Natural Oil Polyols industry outlook and forecast 2020-2027 | Grand View Research, Inc.

October 19
21:15 2021
Natural Oil Polyols industry outlook and forecast 2020-2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the market is driven by the growing focus of the manufacturers on the adoption of sustainable feedstock and the production of green polyurethane products.

The global natural oil polyols market size is expected to reach USD 13.7 billion by the end of 2027, expanding at a CAGR of 8.4% from 2020 to 2027, as per a new report by Grand View Research Inc. The market is expected to be majorly driven by growing demand for bio-based polyurethanes for sound and thermal insulation across the end-use industries.

The paradigm shift towards bio-based feedstock owing to growing government initiatives supporting bio-based feedstock is expected to create lucrative growth opportunities for the global market in the near future. Natural oils polyols (NOP) are considered to be an efficient replacement for petroleum-derived polyols that are widely used to produce rigid and flexible polyurethanes. They are cost-effective and as good as petroleum-based polyol polyurethane in terms of performance. These factors have significantly boosted product consumption amongst the manufacturers that are more focused on green and sustainable production.

Soy oil polyol is expected to be one of the prominently selling products, followed by palm oil polyols and others, due to its ease of availability, lightweight, durability, and efficient properties. The construction sector that consumes polyurethanes for excellent thermal and sound insulation applications is likely to create a significant demand for the product over the forecast period. Regionally, the product demand is expected to augment from the regions, such as North America and Europe, wherein manufacturers’ inclination towards bio-based feedstock is observed to be higher. Lucrative demand is expected to be witnessed from the Asia Pacific, where countries such as China, India, Indonesia, and Malaysia are transforming into global manufacturing hubs.

Technological innovation in terms of biorefineries and efficient ways of plant-oil extraction is one of the prime factors behind the market competition. R&D, coupled with patent filings, is expected to intensify this competition amongst the manufacturers. Long-term supply contracts with the raw material suppliers and end-users, positioning in markets with high raw material availability, supply chain optimization, and production in association with Agro-based and plant-based industries are some of the prominent operating strategies observed amongst the market players.

Natural calamities and climatic fluctuations that negatively impact plant cultivation are expected to pose a significant threat to the market. This threat is expected to be widened by the trade halts, supply chain disruptions, and industrial shutdowns caused by the impact of COVID-19 in some of the major economies, such as the U.S., the U.K., Italy, India, and China, which is further likely to project industry challenge in 2020. The uncertainties in the global market are likely to be further intensified by the changing trade policies of some of the leading economies, such as the U.S., the U.K., the European Union, India, and China post-COVID-19 impact across the geographies.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/natural-oil-polyols-nop-market

Natural Oil Polyols Market Report Highlights

• Soy oil polyol was the largest product segment with a revenue share of 36.02% in 2019 owing to its wide usage in polyurethane applications

• The construction end-use segment emerged as the largest segment with a revenue share of 32.8% in 2019 owing to mounting demand from the industry for thermal and sound insulation applications

• The furniture and interiors end-use segment is likely to expand at a lucrative CAGR of 8.5% from 2020 and 2027 owing to the growing demand for bio-based polyurethanes for cushioning applications

• In 2019, North America emerged as the largest regional market in terms of revenue, holding a share of 45.0%

• R&D, technological innovation, and application diversification are some factors expected to drive the market in the near future.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/natural-oil-polyols-nop-market/request/rs1

Natural Oil Polyols Market Segmentation

Grand View Research has segmented the global natural oil polyols market on the basis of product, end-use, and region:

Natural Oil Polyols Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

    • Soy Oil Polyols                                     

    • Castor Oil Polyols

    • Palm Oil Polyols

    • Canola Oil Polyols      

    • Healthcare        

    • Retail

    • Others

Natural Oil Polyols End Use Outlook (Revenue, USD Million, 2014 – 2025)

    • Furniture & Interiors

    • Construction

    • Electronics & Appliances

    • Automotive

    • Footwear

    • Packaging

    • Others (Industrial Insulation, CASE, and Others)

Natural Oil Polyols Regional Outlook (Revenue, USD Million, 2014 – 2025)

     • North America       

        • U.S.

        • Canada

     • Europe

        • Germany

        • U.K.

        • France

     • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

     • Central And South America

        • Brazil

     • Middle East & Africa

        • South Africa

List of Key Players of Natural Oil Polyols Market                                                        

    • BASF SE

    • Cargill Incorporation

    • The Dow Chemical Company

    • IFS Chemicals Group  

    • Emery Oleochemicals

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/717/ibb

Browse More Related Report:

Polyols Market Size, Share & Trends Analysis Report By Product (Polyether, Polyester), By Application (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants), And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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Website: https://www.grandviewresearch.com/industry-analysis/natural-oil-polyols-nop-market