San Francisco 16 April 2019 Natural Oil Polyols (NOP) Market Analysis By Product (Soy Oil, Castor Oil, Palm
Oil, Canola Oil, Sunflower Oil) And Segment Forecasts To 2024
The global natural oil polyols (NOP) market is expected to reach USD 11.30 billion by 2024, according
to a new report by Grand View Research, Inc. Growing demand for
environment-friendly polymers on account of volatile prices of conventional
plastics/polymers is expected to drive global NOP market.
Regulatory support in the form of financial
incentives from European Commission for the adoption of environment-friendly
polymers is estimated to augment market growth. The growing use of NOP for
metallic & plastic coatings and door foams & headliners in the
transportation industry coupled with its increasing acceptance for cushioning
in footwear, and for concrete & wood coatings in the construction sector is
also projected to drive the NOP market growth over the forecast period.
Access Research Report of Natural Oil
Polyols Market @ http://www.grandviewresearch.com/industry-analysis/natural-oil-polyols-nop-market
Further key findings from the report suggest:
· Global natural oil polyols market demand
was 1.89 million tons in 2015 and is expected to reach 3.57 million tons by
2024, growing at a CAGR of 7.3% from 2016 to 2024
· Soy oil polyols emerged as the leading
product segment and accounted for 36.2% of total market volume in 2015. The
ease of processing and abundant availability of raw materials on account of
increasing soy acreage particularly in the U.S. and Brazil is expected to drive
this segment over the forecast period.
· Castor oil polyols and palm oil polyols are
expected to witness above average growth rates over the forecast period.
Increasing demand for high purity NOP at lower prices coupled with
advancements in extraction technologies is expected to lead to the development
of castor & palm oil-based polyols.
· North America was the leading regional
market and accounted for 44.4% of global demand in 2015. The growing demand for
bio-based polyurethane coupled with the availability of key raw materials such
as soy in the U.S. is expected to drive the regional market.
· Asia Pacific is projected to witness the
highest growth of 7.7% from 2016 to 2024. Increasing infrastructure spending in
China and India coupled with the abundant availability of raw materials such as
palm oil and castor oil in South East Asian countries is expected to have a
positive influence on the regional market growth.
· Some leading companies operating in the
global natural oil polyols market include BASF SE, The Dow Chemical Company,
Cargill Inc, Huntsman Corporation, Jayant Agro Organics Ltd, BioBased
Technologies LLC, Elevance Renewable Sciences Inc., Stepan Company, IFS
Chemicals Group, Bayer MaterialScience, and Emery Oleochemicals.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has
segmented the natural oil polyols market on the basis of product and region:
Global Natural Oil Polyols (NOP) Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Soy Oil Polyols
·
Castor Oil Polyols
·
Palm Oil Polyols
·
Canola Oil Polyols
·
Sunflower Oil Polyols
·
Others
Global Natural Oil Polyols (NOP) Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Central & South America
o
Brazil
·
Middle East and Africa
o
South Africa
Access
Press Release of Natural Oil Polyols Market@ https://www.grandviewresearch.com/press-release/global-natural-oil-polyols-nop-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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