The global green/biopolyols market is expected to reach USD 4.4 billion in 2021 and USD 6.9 billion by 2027.
It is also expected to grow at a CAGR of 9.5% between 2022 and 2027. The main driving force of the market is the increasing use of green/biopolyols in construction, automotive/transport machinery, furniture/bedding and other industries. Stringent regulations on excessive use of petroleum-based polyols and increasing demand for CASE applications are also contributing to market growth.
The largest segments are natural oils and derivatives by raw material, polyether polyols by type, flexible PU foams by application, and furniture and bedding by end-use industry. By region, North America is the largest market.
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Post time: Nov-03-2022