The natural oil polyols market is driven by increasing polyurethane demand from automobile and infrastructure industries. For instance, the Ford Motor Company implemented polyurethane foam made by using soy oil in the seats of its 2008 Ford Mustang. Ford Motor Company has since placed soy foam seating in all its North American vehicle platforms. The different governments and international organizations are framing stringent environmental regulations to reduce the emission of greenhouse gases emission that is expected to fuel the growth of the global natural oil polyols market.
Natural oil polyols are also known as biopolyols, which are derived from vegetable oils. Some of the major vegetable oil sources, such as sunflower oil, soy oil, castor oil and palm oil, are used as natural oil polyols feedstock. Many vegetable-based oils have structures that lend themselves well as a base for these products, leading to the production of bio-based polyols.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/natural-oil-polyols-market
Environmental Protection Agency (EPA) set a policy to promote environment-friendly products pertaining to health and ecosystem safety. In North America, Environmental Protection Agency (EPA) introduced emission standards for cars and light trucks. According to the target set by EPA, the permissible emission from a passenger car should not exceed 225 grams per miles (g/mi) in 2016. The planned permissible emission limits for passenger cars is 143 g/mi for 2025 in the region. Similarly, the permissible combined fuel economy for cars and trucks was 35.5 miles per gallon (mpg) for 2016, which is expected to increase further and reach 54.5 mpg by 2025 in North America. According to government regulation in Europe, the average emission level of new cars was reduced by 160 grams per kilometer (g/km) during 2006 – 2012. The regulation requires reducing the emission levels from new cars to 95 g/km by 2020. These emissions are highly affected by the overall vehicle weight, which may be reduced by using bio-based materials to build the chassis of the vehicle.
Based on product, the soy oil polyols was the major revenue contributor to the global natural oil polyols market. The major reason behind the growth of the soy oil polyols segment is the ease of processing and abundant availability of raw materials on account of increasing soy acreage in the U.S. and Brazil.
Browse For Related Research Click here: https://www.psmarketresearch.com/industry-report/chemicals-and-materials
In 2015, North America was the largest natural oil polyols market, followed by Northern Europe and Asia-Pacific. The increasing demand for bio-based polyurethane coupled with the availability of major raw materials, such as soy, in the U.S. is expected to drive the North American natural oil polyols market. Asia-Pacific is expected to be the fastest growing market for natural oil polyols, during the forecast period, due to the increasing spending on infrastructure in countries such as China and India, coupled with the availability of raw materials, such as castor oil and palm oil.
Some of the major competitors in the global natural oil polyols market include The Dow Chemical Company, Cargill Inc, BASF SE, Huntsman Corporation, Bayer Material Science AG, Emery Oleochemicals, BioBased Technologies LLC, Elevance Renewable Sciences Inc. and IFS Chemicals Group.
Global Natural Oil Polyols Market Segmentation
- Soy oil polyols
- Palm oil polyols
- Castor oil polyols
- Sunflower oil polyols
- Canola oil polyols
- North America
- The U.S.
- The U.K.
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)