Natural Oil Polyols Market (By Product: Soy Oil Polyols, Castor Oil Polyols, Palm Oil Polyols, Canola Oil Polyols, Sunflower Oil Polyols; By End-use: Furniture & Interiors, Construction, Electrical & Electronic Appliances, Automotive, Footwear, Packaging) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Nov 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global Natural Oil Polyols market size is expected to be worth around US$ 15.10 billion by 2030, according to a new report by Vision Research Reports.

The global Natural Oil Polyols market size was valued at US$ 7.80 billion in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

Natural Oil Polyols Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 15.10 Billion by 2030
Growth Rate CAGR of 7.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Cargill, Inc.; BASF SE; Stepan Company; Emery Oleochemicals; Vertellus

Growth Factors

The market growth is attributed to the increasing demand for lightweight and highly durable products in industries including automotive, construction, and electronics, especially in emerging economies such as China, India, and Indonesia. The growth of the market is likely to be propelled by the increasing consumption of bio-based polyurethane foams in automotive, construction, electrical and electronics, and other sectors. Regular efforts to reduce vehicle weight to enhance fuel efficiency and reduce carbon emissions have propelled the automotive OEMs to embrace the use of polyurethane foams obtained from natural oils polyol in different automotive components, such as seat covers and interiors.

By Product Analysis

The soy oil polyols segment dominated the market with a revenue share of over 35.0% in 2020. The surging demand for soy oil polyols for use in food and animal feed is estimated to fuel the growth of this segment.

Castor oil is one of the commercially available products produced directly from oilseeds. It is used to manufacture a variety of polyurethane products such as foams and coatings. 

Palm oil is one of the most economical oil crops in the world. It is a readily available renewable and crucial bio-based polyol raw material suitable for the production of semi-rigid or rigid polyurethane foams, polyurethane adhesives and coatings, composites, and elastomers used in various industrial applications. 

By End-use Analysis

The construction segment dominated the market with a revenue share of more than 30.0% in 2020. This is attributed to the growing use of polyurethanes in the construction of roofs and walls of buildings. 

The furniture and interiors segment held the second-largest revenue share in 2020. Natural oil polyols are primarily used for manufacturing polyurethane products. Polyurethane, inflexible form, is a popular material used for developing carpet underlays, bedding, and furniture.

Polyurethanes are used in the automotive industry to develop numerous parts of automobiles, including bumpers, spoilers, vehicle bodies, interior ceiling sections, windows, and doors. 

Non-foam polyurethanes, also known as potting compounds, are most commonly used in the electrical and electronics industries to seal, encapsulate, and insulate microelectronic components, pressure-sensitive systems, fragile devices, underwater systems, and printed circuit boards.

By Regional Analysis

North America dominated the market with a revenue share of over 40.0% in 2020. This is attributed to the increasing biofuel demand due to the rising energy costs associated with volatile petrochemical prices.

Germany is one of the most prominent automotive markets in Europe. The country is a prominent producer of passenger cars among all the member countries of the European Union and accounts for more than 29.0% share in the European automotive market

The growing manufacturing sector in the region on account of cheap raw material costs, the availability of skilled labor, and low manufacturing costs are expected to drive natural oils polyol production in the region. 

The growing utilization of soy-based, palm-based, and other oilseed-based polyurethane in appliances, along with the developments in the electronics industry, is creating a strong growth potential for the market in Central and South America. 

Key Players

  • Stepan Company

  • BASF SE

  • Emery Oleochemicals

  • Cargill Inc.

  • Biobased Technologies

  • Vertellus

Market Segmentation

  • By Product

    • Soy Oil Polyols

    • Castor Oil Polyols

    • Palm Oil Polyols

    • Canola Oil Polyols

    • Sunflower Oil Polyols

  • By End-use

    • Furniture & Interiors

    • Construction

    • Electrical & Electronic Appliances

    • Automotive

    • Footwear

    • Packaging

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

The Natural Oil Polyols market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Natural Oil Polyols market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Natural Oil Polyols market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Natural Oil Polyols market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Natural Oil Polyols market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Natural Oil Polyols capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Natural Oil Polyols by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Natural Oil Polyols market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Natural Oil Polyols market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Natural Oil Polyols market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Natural Oil Polyols industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Natural Oil Polyols market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Natural Oil Polyols market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Natural Oil Polyols market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Natural Oil Polyols market. These factors have benefited the growth of the global market for Natural Oil Polyols. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Natural Oil Polyols. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Natural Oil Polyols are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:


- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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