Bio-based Polyols - Worldwide

Bio-based Polyols Market Definition

The bio-based polyols market refers to the production, distribution, and application of these polyols resulting from an increase in the number of OH by transesterification with polyols of sorbitol, glycerol, pentaerythritol type, etc. These types of polyols have high bio-based content, low VOC, low odor, environmental protection, and low carbon. These polyols are used in the automotive and furniture applications. These are used to create polyurethane coatings and foams. There is a high demand for these polyols in polyurethane foams, coatings, sealants, and adhesives, which is driving the growth of the bio-based polyols market.

The risk factors of the market include limited infrastructure, lack of skilled professionals, limited technology, cost competitiveness, changing prices of raw materials, market saturation, and high production costs that can be barriers to the growth of the market. The future scope of the market includes a focus on sustainable packaging and green building practices, expansion of the automotive sector, increasing adoption of technology, and development of infrastructure that will help the growth of the bio-based polyols market. North America holds a leading position in the growth of the market during the forecast period.