PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831635
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831635
The green and bio polyols market size is expected to reach USD 14.17 billion by 2034, according to a new study by Polaris Market Research. The report "Green and Bio Polyols Market Size, Share, Trends, Industry Analysis Report By Polyurethane (Flexible Polyurethane Foams, Rigid Polyurethane Foams), By Bio polyol, By Source Materials, By End Use Industry, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Green and bio polyols are environmentally friendly alternatives to traditional petroleum-based polyols, used primarily in the production of polyurethanes. They are derived from renewable sources such as vegetable oils, castor oil, and recycled materials.
Green and bio polyols are major ingredients in making polyurethane products such as flexible foams, rigid foams, adhesives, coatings, and sealants. The use of bio-based polyols is increasing with growing demand for these products in industries such as automotive, packaging, furniture, and construction. Bio polyols offer similar or even improved performance compared to conventional polyols while being more environmentally friendly. Their versatility and compatibility with existing production processes make them a preferred choice. This rising demand across various applications is significantly driving market growth as industries seek sustainable yet high-performing alternatives.
Governments around the world are enforcing stricter environmental regulations to reduce greenhouse gas emissions and promote the use of renewable materials. These rules are encouraging industries to switch from fossil-based raw materials to bio-based alternatives like green polyols. Regulations in Europe and North America support the use of sustainable raw materials in manufacturing. These policies support environmental goals and offer tax incentives or subsidies to companies that adopt green practices. Consequently, many manufacturers are investing in bio-based polyols to comply with regulations while maintaining their market presence.
In 2024, the insulation materials segment held the largest market share, fueled by growing demand for energy-efficient and sustainable building solutions.
The algae-based segment is anticipated to witness robust growth during the forecast period, supported by the rising interest in next-generation renewable feedstocks for greener manufacturing.
North America led the green and bio polyols market in 2024, driven by strict environmental regulations, well-developed manufacturing capabilities, and strong consumer preference for eco-friendly products.
The Asia Pacific market is projected to expand rapidly in the coming years, driven by swift industrial growth, accelerating urbanization, and growing environmental consciousness among industries and consumers
A few global key players in the green and bio polyols market are Arkema, BASF SE, Bayer AG, Cargill, Covestro AG, Emery Oleochemicals, Huntsman International LLC, Jayant Agro-Organics Limited, Koch Industries Inc, Mitsui Chemicals Inc, Novomer Inc, PolyGreen, Roquette Freres, Stepan Company, and The Dow Chemical Company Inc.
Polaris Market Research has segmented the green and bio polyols market report based on polyurethane, bio polyols, source material, end-use industry, and region:
By Polyurethane (Volume Kilotons, Revenue - USD Billion, 2020-2034)
Flexible Polyurethane Foams
Rigid Polyurethane Foams
Coatings, Adhesives, Sealants, and Elastomers (CASE)
Insulation Materials
By Bio Polyols (Volume Kilotons, Revenue - USD Billion, 2020-2034)
Sugar-Based Polyols
Vegetable Oil-Based Polyols
Glycerin-Based Polyols
Lignin-Based Polyols
By Source Materials (Volume Kilotons, Revenue - USD Billion, 2020-2034)
Plant-Based
Algae-Based
Animal-Based
Waste-Based
By End-Use Industry (Volume Kilotons, Revenue - USD Billion, 2020-2034)
Automotive
Construction
Furniture & Bedding
Footwear
Electronics
By Regional Outlook (Volume Kilotons, Revenue - USD Billion, 2020-2034)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa