Natural Oil Polyols Market Size, Share & Trends Analysis Report By Product (Soy Oil, Castor Oil), By End-use (Construction, Electronics & Appliances), By Region, And Segment Forecasts, 2020 - 2027

Natural Oil Polyols Market Size, Share & Trends Analysis Report By Product (Soy Oil, Castor Oil), By End-use (Construction, Electronics & Appliances), By Region, And Segment Forecasts, 2020 - 2027

Natural Oil Polyols Market Growth & Trends

The global natural oil polyols market size is expected to reach USD 13.7 billion by the end of 2027, expanding at a CAGR of 8.4% from 2020 to 2027, as per a new report by Grand View Research Inc. The market is expected to be majorly driven by growing demand for bio-based polyurethanes for sound and thermal insulation across the end-use industries.

The paradigm shift towards bio-based feedstock owing to growing government initiatives supporting bio-based feedstock is expected to create lucrative growth opportunities for the global market in the near future. Natural oils polyols (NOP) are considered to be an efficient replacement for petroleum-derived polyols that are widely used to produce rigid and flexible polyurethanes. They are cost-effective and as good as petroleum-based polyol polyurethane in terms of performance. These factors have significantly boosted product consumption amongst the manufacturers that are more focused on green and sustainable production.

Soy oil polyol is expected to be one of the prominently selling products, followed by palm oil polyols and others, due to its ease of availability, lightweight, durability, and efficient properties. The construction sector that consumes polyurethanes for excellent thermal and sound insulation applications is likely to create a significant demand for the product over the forecast period. Regionally, the product demand is expected to augment from the regions, such as North America and Europe, wherein manufacturers’ inclination towards bio-based feedstock is observed to be higher. Lucrative demand is expected to be witnessed from the Asia Pacific, where countries such as China, India, Indonesia, and Malaysia are transforming into global manufacturing hubs.

Technological innovation in terms of biorefineries and efficient ways of plant-oil extraction is one of the prime factors behind the market competition. R&D, coupled with patent filings, is expected to intensify this competition amongst the manufacturers. Long-term supply contracts with the raw material suppliers and end-users, positioning in markets with high raw material availability, supply chain optimization, and production in association with Agro-based and plant-based industries are some of the prominent operating strategies observed amongst the market players.

Natural calamities and climatic fluctuations that negatively impact plant cultivation are expected to pose a significant threat to the market. This threat is expected to be widened by the trade halts, supply chain disruptions, and industrial shutdowns caused by the impact of COVID-19 in some of the major economies, such as the U.S., the U.K., Italy, India, and China, which is further likely to project industry challenge in 2020. The uncertainties in the global market are likely to be further intensified by the changing trade policies of some of the leading economies, such as the U.S., the U.K., the European Union, India, and China post-COVID-19 impact across the geographies.

Natural Oil Polyols Market Report Highlights

Soy oil polyol was the largest product segment with a revenue share of 36.02% in 2019 owing to its wide usage in polyurethane applications

The construction end-use segment emerged as the largest segment with a revenue share of 32.8% in 2019 owing to mounting demand from the industry for thermal and sound insulation applications

The furniture and interiors end-use segment is likely to expand at a lucrative CAGR of 8.5% from 2020 and 2027 owing to the growing demand for bio-based polyurethanes for cushioning applications

In 2019, North America emerged as the largest regional market in terms of revenue, holding a share of 45.0%

R&D, technological innovation, and application diversification are some factors expected to drive the market in the near future.

Please note: The report will be updated with the latest data and delivered to you within 2-3 business days.


Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.3.6 Primary Sources
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Research Scope and Assumptions
Chapter 2 Executive Summary
2.2 Market Snapshot
2.3 Segmental Outlook
2.4 Competitive Insights
Chapter 3 Natural Oil Polyols Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trends
3.3.3 List of Potential End Users
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Impact Analysis
3.5.2 Market Restraint Analysis
3.5.3 Industry Challenges
3.8 Business Environment Analysis
3.8.1 Industry Analysis – Porter’s
3.8.2 PESTEL Analysis
Chapter 4 Natural Oil Polyols Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2019 & 2027 (Kilotons) (USD Million)
4.2 Natural Oil Polyols market Size & Forecasts and Trend Analysis, By Product, 2016-2027 (Kilotons) (USD Million)
4.2.1 Soy Oil Polyol
4.2.2 Castor Oil Polyol
2.2.3 Palm Oil Polyol
4.2.4 Canola Oil Polyol
4.2.5 Sunflower Oil Polyol
4.2.6 Others
Chapter 5 Natural Oil Polyols market: End-use Estimates & Trend Analysis
5.1 End-use Movement Analysis & Market Share, 2019 & 2027 (Kilotons) (USD Million)
5.2 Natural Oil Polyols Market Size & Forecasts and Trend Analysis, By End Use, 2016-2027 (Kilotons) (USD Million)
5.2.1 Furniture and Interiors
5.2.2 Construction
5.2.3 Electronics and Appliances
5.2.4 Automotive
5.2.5 Footwear
5.2.6 Packaging
5.2.7 Others (Industrial, CASE)
Chapter 6 Natural Oil Polyols Market: Regional Estimates & Trend Analysis
6.1 Natural Oil Polyols Regional Movement Analysis & Market Share, 2019 & 2027 (Kilotons) (USD Million)
6.2 Natural Oil Polyols market Size & Forecasts and Trend Analysis, By Region, 2016-2027 (Kilotons) (USD Million)
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Central & South America
6.2.5 Middle East & Africa
Chapter 7 Competitive Landscape
7.1 Strategy Framework
7.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
Chapter 8 Company Profiles
8.1 Cargill Incorporation
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.3 Jayant Agro Organics Ltd.
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.4 The Dow Chemical Company
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.5 BioBased Technologies LLC
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.6 IFS Chemicals Group
8.6.1 Company Overview
8.6.2 Product Benchmarking
8.6.3 Strategic Initiatives
8.7 Emery Oleochemicals
8.7.1 Company Overview
8.7.2 Product Benchmarking
8.7.3 Strategic Initiatives
8.8 Bayer Material Science AG
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.9 Vertellus Specialties
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Elevance Renewable Sciences, Inc.
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
List of Tables
Table 1 Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 2 Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 3 Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 4 Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 5 Global Natural Oil Polyols market volume estimates & forecasts, by region, 2016 - 2027 (Kilotons)
Table 6 Global Natural Oil Polyols market revenue estimates & forecasts, by region, 2016 - 2027 (USD Million)
Table 7 North America Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 8 North America Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 9 North America Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 10 North America Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 11 U.S. Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 12 U.S. Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 13 U.S. Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 14 U.S. Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 15 Canada Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 16 Canada Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 17 Canada Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 18 Canada Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 19 Europe Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 20 Europe Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 21 Europe Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 22 Europe Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 23 U.K. Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 24 U.K. Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 25 U.K. Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 26 U.K. Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 27 Germany Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 28 Germany Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 29 Germany Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 30 Germany Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 31 France Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 32 France Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 33 France Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 34 France Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 35 Asia Pacific Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 36 Asia Pacific Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 37 Asia Pacific Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 38 Asia Pacific Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 39 China Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 40 China Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 41 China Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 42 China Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 43 India Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 44 India Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 45 India Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 46 India Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 47 Japan Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 48 Japan Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 49 Japan Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 50 Japan Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 51 South Korea Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 52 South Korea Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 53 South Korea Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (kilotons)
Table 54 South Korea Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 55 Central & South America Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 56 Central & South America Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 57 Central & South America Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 58 Central & South America Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 59 Brazil Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 60 Brazil Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 61 Brazil Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 62 Brazil Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 63 Middle East & Africa Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 64 Middle East & Africa Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 65 Middle East & Africa Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 66 Middle East & Africa Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 67 South Africa Natural Oil Polyols market volume estimates & forecasts, by product, 2016 - 2027 (Kilotons)
Table 68 South Africa Natural Oil Polyols market revenue estimates & forecasts, by product, 2016 - 2027 (USD Million)
Table 69 South Africa Natural Oil Polyols market volume estimates & forecasts, by End-use, 2016 - 2027 (Kilotons)
Table 70 South Africa Natural Oil Polyols market revenue estimates & forecasts, by End-use, 2016 - 2027 (USD Million)
Table 71 Vendor Landscape

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