The Green & Bio Polyol Market Projected to Soar by 2018
DALLAS, TX – January 21, 2013 – The report, "Green Polyol & Bio Polyol Market by Type (Polyester & Polyether), Application (Rigid/flexible PU Foam, Coating, Adhesive & Sealant), End-user (Construction, Transportation, Packaging, Furniture & Carpet) & Geography - Global Trends & Forecasts 2018", defines and segments the global Green & bio polyol market with analysis and forecasting of the market by revenue & volume.
North America–biggest market of green & bio polyols
North America is currently the largest consumer of green & bio polyols. The U.S. is the largest consumer of green & bio polyols in North America. Corn and Soybean are primarily used as feedstock to produce bio-based polyols in North America. The demand for green & bio polyols in this market is driven from end user industries such as automotive, packaging and furniture. The automotive industry in North America is the largest consumer of green & bio polyols. Almost 70.0% vehicles manufactured by Ford Motor Company in North America contained seat components that use green & bio polyols. Cargill Inc. (U.S.), The DOW Chemical Company (U.S.), Johnson Controls Inc. (U.S.), etc are among the largest manufacturers of green & bio polyols in North America.
Polyurethane rigid foams–biggest application of Green & bio polyols
Polyurethane rigid foams are currently the biggest application for green & bio polyols. Its consumption is expected to increase from 456.8 kilotons by 2018. Polyurethane rigid foams have insulating properties; thus, making them appropriate for use in applications such as refrigeration, packaging, construction, etc. The environmental benefits of rigid polyurethane foam are significant, and include increasing energy efficiency and reductions in construction costs, and reducing overall project costs. The better insulation typically results in lower energy use. In some cases, mechanical heating and cooling equipment can be downsized, further increasing space utilization. Less complicated and lightweight products are usually produced using fewer manufacturing steps, less energy in manufacturing, and less energy consumption during transportation. Asia-Pacific is currently the fastest growing consumer of green & bio polyol based polyurethane rigid foams.
Construction industry: the largest end-user industry for green & bio polyols
An estimated annual consumption of 145.8 kilotons 2012 makes construction industry a leading consumer of green & bio polyols. Green & bio polyols are used to manufacture insulating materials, foams, and sealants as well as admixtures for anti fire and corrosion products, facade systems, refurbishment products, and concrete additives. It is also used to make decorative paints & flooring systems, coil coatings for exteriors & roof elements, venetian blinds and doors.
Cargill Inc. (U.S.), BASF SE (Germany), Emery Oleochemicals (H) SDN BHD (Malaysia) etc are major manufacturers of bio-based polyols. Petopur GmBH (Germany), Rampf Ecosystems (Germany), etc are major manufacturers of green/recycled polyols.
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