Green and Bio Polyol market has evolved since the beginning due to its vast number of applications. Polyols are important to both polymer chemistry and science related to food. Green polyols are made by recycling of PET and polyurethane waste products. On the other hand, natural oils play a role in bio polyols.
Green and Bio Polyol market has an important place globally as both these Green and Bio Polyols are used as raw materials for making several important products like polyurethane, thermoplastic elastomers, adhesives, sealants, coatings and artificial leather.
Talking about Green and Bio Polyol market drivers, strict environmental norms by various governments to save the existing global resources is a major driver that is encouraging many manufacturers to switch to Green and Bio Polyol made products. The need and awareness to save the natural resources is going to increase with time and Government will impose stricter rules to follow certain norms for the manufacturers. Thus, in terms of global revenue and Global presence, Green and Bio Polyol market is sure to grow at a fast pace. Also, raw materials required for these products, like natural oils and polyurethane waste and are easily available. The end- products of Green and Bio Polyol market provide solution to the rising cost of crude oil and also helps reduce carbon footprints. As a result of all these advantages, the global green & bio polyols market is growing at a remarkable rate.
The global green and bio polyol market size crossed USD 2 Billion in 2015 and is projected to be worth more than USD 4 Billion by 2021, at a CAGR of approx. 9% from 2016 to 2021.
Its increasing global presence can be understood by the fact that these Green and Bio Polyol products are increasingly being used not just in developing countries but also in emerging markets of Asia Pacific, Latin America and rest of the world owing to its wide range applications in construction, transportation, furniture or bedding, packaging, carpet backing, and other industries. Currently, North America is the leading green and bio polyol market, regionally, and is expected to grow exponentially by 2021. In North America, the U.S. embraces the largest market share in the market while Asia Pacific is the fastest growing market for green and bio polyol market.
Thus, it is evident that growing economy of many countries across the globe, rapid industrialization, rising disposable income level, strict government norms and growth of end-user industries are all going to help in the fast growth of this Green and Bio Polyol market. If you want to more about the current scenario and future prospects of this Green and Bio Polyol market, eMarketOrg has accumulated a research report compiled by industry experts:
Global Green And Bio Polyol Market Research Report 2018 @ https://emarketorg.com/pro/global-green-and-bio-polyol-market-research-report-2018/