Eco-Friendly (Green) Polyols Market to Grow with a CAGR of 5.28% through 2028
Growth in research and development activities is expected
to drive the Global Eco-Friendly (Green) Polyols Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Eco-Friendly
(Green) Polyols Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Eco-Friendly (Green)
Polyols Market stood at USD4.48 billion in 2022 and is anticipated to grow with
a CAGR of 5.28% in the forecast period, 2023-2028. The initiatives taken by
government based on eco-friendly (green) polyols has led to favorable market
conditions for the Global Eco-Friendly (Green) Polyols Market. Several factors
contribute to the growth of various eco-friendly (green) polyols market products.
The United States Environmental Protection Agency
(EPA) is dedicated to implementing various programs that aim to promote the use
of safer and more environmentally friendly products. One such program is the
Design for the Environment (DfE) initiative, which actively collaborates with
manufacturers to develop and enhance the safety of their products for both
human health and the environment. Under the DfE program, eco-friendly polyol
products meet the eligibility criteria and can be recognized for their
commitment to sustainability and responsible production practices. By
encouraging the adoption of these products, the EPA strives to create a greener
and healthier future for all.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Eco-Friendly
(Green) Polyols Market”
The Global Eco-Friendly (Green) Polyols Market is
segmented into type, end user, regional distribution, and company
Based on its type, the polyether segment held the
largest share in the market. In the regular manufacturing process of polyether polyols,
the catalysis reaction of epoxides plays a crucial role. These polyols are
widely used in the production of PU flexible foam. What makes polyether polyols
unique is their molecular structure, which consists of multiple hydroxyl groups
and ether linkages. These features contribute to the versatility and desirable
properties of polyether polyols, making them an essential component in various
industries.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
During the forecast period, the market is expected to
witness significant growth in developing regions, particularly in the Asia
Pacific. This growth can be attributed to the rapid development of end-user
industries such as automotive and packaging, which are poised to offer
lucrative growth opportunities in the green and bio polyols market. Notably,
China stands out as a prominent producer and exporter in the furniture
industry. Green and bio polyols find extensive application in the preparation
of artificial leathers, bedding, carpet backing, and furniture, further driving
the demand for these sustainable alternatives.
Major companies operating in Global Eco-Friendly
(Green) Polyols Market are:
- Synthesia Technology Europe SL
- Unisol India Pvt Ltd
- BASF SE
- Cargill Incorporated
- Arkema SA
- Covestro AG
- IQS Inc
- BioBased Technologies LLC
- Emery Oleochemicals LLC
- Roquette GmbH
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“Growing application of eco-friendly (green) polyols
in various end user industries are key drivers of the eco-friendly (green) polyols
market. Growth in competitive landscape and presence of well-established companies
in the market who are dedicated to enhance their productivity of eco-friendly (green)
polyols with every passing year are anticipated to register an impressive
growth to Global Eco-Friendly (Green) Polyols Market in the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Eco-Friendly (Green) Polyols Market By Type (Polyether,
Polyester), By End User (Furniture, Automotive, Packaging, Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Eco-Friendly (Green) Polyols Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Global
Eco-Friendly (Green) Polyols Market.
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