• About us
  • Contact Us
  • Submit a Press Release
Sunday, January 29, 2023
South-Africana
No Result
View All Result
Submit a Press Release
  • Gambia

    Global Banking – Finance Awards® 2022

    Gambia mourns VP Joof! – The Point

    Africa and the Grand Diplomacy with Chinese characteristics comprehensively

    The Gambia, European Commission sign 18M Euro grant      

  • Ghana

    Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

    Alhaji Jawula: Former GFA Chairman dies aged 73

    Are Ghana and other developing countries embracing AI Governance?

    IMF’s Georgieva confirms Ghana seeking debt treatment under G20 Common Framework By Reuters

  • Niger

    Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

    BUSINESS ROUNDUP: Oil companies lose N803bn from sabotaged pipelines; Nigeria’s inflation rate hits 21.34%; other stories

    Niger State, firm to build N1.3b shopping complex in Suleja – The Nation Newspaper

    Tinubu Will Return Doctors Back In Nigeria – Sen. Abdullahi

  • Nigeria

    DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

    Don’t portray Nigeria Police in bad light, FPRO tasks Nigerians

    Week Ahead: Nigeria’s $11bn lawsuit comes to court in London

    Explained: Why Nigeria’s December inflation rate will be hotter

  • More Countries
    • Benin
    • Burkina Faso
    • Cape Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Ivory Coast
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
  • AFRICA
    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

  • Press releases
    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Trending Tags

    • Gambia

      Global Banking – Finance Awards® 2022

      Gambia mourns VP Joof! – The Point

      Africa and the Grand Diplomacy with Chinese characteristics comprehensively

      The Gambia, European Commission sign 18M Euro grant      

    • Ghana

      Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

      Alhaji Jawula: Former GFA Chairman dies aged 73

      Are Ghana and other developing countries embracing AI Governance?

      IMF’s Georgieva confirms Ghana seeking debt treatment under G20 Common Framework By Reuters

    • Niger

      Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

      BUSINESS ROUNDUP: Oil companies lose N803bn from sabotaged pipelines; Nigeria’s inflation rate hits 21.34%; other stories

      Niger State, firm to build N1.3b shopping complex in Suleja – The Nation Newspaper

      Tinubu Will Return Doctors Back In Nigeria – Sen. Abdullahi

    • Nigeria

      DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

      Don’t portray Nigeria Police in bad light, FPRO tasks Nigerians

      Week Ahead: Nigeria’s $11bn lawsuit comes to court in London

      Explained: Why Nigeria’s December inflation rate will be hotter

    • More Countries
      • Benin
      • Burkina Faso
      • Cape Verde
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Ivory Coast
      • Liberia
      • Mali
      • Mauritania
      • Niger
      • Nigeria
      • Senegal
      • Sierra Leone
      • Togo
    • AFRICA
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    • Press releases
      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Trending Tags

      Submit a Press Release
      No Result
      View All Result
      West-africana
      Submit PR
      Home Press Releases

      Bio Polyols Market Size Forecast to Reach $7.8 Billion by 2026

      admin by admin
      January 29, 2022
      in Press Releases
      Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, January 27, 2022 ) Bio Polyols market size is forecast to reach US$7.8 billion by 2026, after growing at a CAGR of 10.2% during 2021-2026. The increasing awareness about the environment and the rising prices of petroleum are the reasons for soaring demand of bio polyols. Bio polyols, also known as natural oil polyols, are polyols derived from vegetable oils. A polyol is an organic compound containing multiple hydroxyl groups. Bio polyols are extracted from natural oils like castor oil, soybean oil, canola oil, coconut oil and others. Out of these oils only castor oil is the only commercially available bio polyol that is produced directly from a plant source while the others require chemical modifications. The two types of bio polyols are polyether polyols and polyester polyols. The primary use of polyols is in the production of polyurethanes. Traditional polyols are petroleum based but growing environmental concerns and sustainability have led to the development of natural oil polyols from renewable resources. The eco-friendly and sustainable nature of bio polyols, supply of bio-based feedstock and fluctuations of crude oil prices are driving the global bio polyols market.

      COVID-19 Impact

      Owing to the pandemic, the core industries such as automotive and construction industry are impacted. Lockdowns and social distancing have caused many manufacturing plants to shut down. The construction industry has been majorly hit due to labor shortages and the lockdown imposed by governments during COVID-19, which is aggravated by the resulting supply chain issues and financing pressures due to the non-adherence to the completion times. According to a report by European Construction Industry Federation (FIEC), the total investment in construction declined by 5.8% in 2020 and amounted to $13.48 trillion, which equals 10.7% of EU GDP, the decrease was particularly dramatic in Spain, France, Italy, Czech Republic and Poland. This in turn has impacted the bio polyols market in 2020.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=11727

      Report Price: $4500 (Single User License)

      Bio Polyols Market Segment Analysis – By Raw Material

      The soy-based segment held the largest share in the bio polyols market in 2020 and is expected to grow at a CAGR of 8.9% during the forecast period. The bio polyols market continues to expand as manufacturers look for alternatives to high-priced petrochemicals. Soy polyols perform like their highly priced petrochemical counterparts and enable manufacturers to increase the sustainability of end products without compromising on performance. The products made with these natural oil polyols have lighter weight, more strength and better durability. Castor oil polyol is one of the cleanest natural oil polyols available commercially in the market. When compared to other bio polyols castor oil-based polyols require minimal modifications. Owing to their high purity and hydrolysis resistance properties, castor oil polyols are expected to witness lucrative growth over the forecast period. The cost-effective extraction of plant oils and their widespread use as polyols has increased the demand for other natural oils polyols including canola oil, corn oil and sunflower oil-based polyols.

      Bio Polyols Market Segment Analysis – By Type

      The polyether polyols segment held the largest share of more than 55% in the bio polyols market in 2020. Polyether polyols are the key components used in the production of polyurethanes. Polyether-based polyurethanes provide enhanced hydrolytic stability and excellent resistance to weak acids and bases compared to polyester-based polyurethanes. So, polyether polyols are used in coating, adhesive, sealant, and elastomer applications. To make polyurethanes more versatile, higher molecular weight polyol with molecular weights from 2000 to 10,000 are used, whereas lower molecular weight polyol is used to make more rigid products. The lower cost of polyether polyols in comparison to polyesters polyols further drives the growth of the market globally. Owing to the increasing use of polyether polyols in flexible foams for the production of cushioning applications such as furniture, bedding, and car seats, and in carpet underlay, the market is estimated to grow in the forecast period.

      Bio Polyols Market Segment Analysis – By Application

      The foam segment held the largest share in the bio polyols market in 2020 and is estimated to grow at a CAGR of 8.5% during 2021-2026. Polyether polyols are used as a raw material in the manufacturing polyurethane foams. Polyurethane (PU) foam is a highly flexible material that finds a wide range of applications in end-use industries such as automotive, furniture, construction, and packaging. Foam is widely used in high resilience flexible foam seating, rigid foam insulation panels, microcellular foam seals and gaskets, durable elastomeric wheels and tires, auto suspension bushings, electrical potting compounds, seals, gaskets, carpet underlay, and hard plastic components. PU foams provide good thermal and sound insulation which in turn increase their use in construction industries for soundproofing applications. In the automotive industry, PU foams provide cushioning as well as insulation against heat and noise of the engine. They also reduce the weight of the vehicle thus improving fuel efficiency and lowering emission levels. According to figures from the KBA federal motor transport authority, sales of fully-electric vehicles in Germany increased three-fold to 194,163 units in 2020. A total of 230,635 new passenger cars were registered in Germany, up 37 percent from May 2020. Thus, increase in electric vehicles also increases the use of PU foams for headrest, seats, armrest, etc. substantially boosting the growth of PU foam market and thereby, driving the bio polys market

      Bio Polyols Market Segment Analysis – By End-Use Industry

      The construction industry held the largest share of more than 22% in the bio polyols market in 2020. The increasing demand for foam used in the design and construction sector as a thermally insulating material is expected to stimulate the growth of the bio polyols market. Construction initiatives based on sustainable solutions are fueling the demand for advanced building materials encompassing superior energy efficiency and reduced carbon footprint. A relevant step within this trend is the use of bio polyols to replace polyols. The construction industry is one of the major consumers of plastics with pipe fittings and insulation among its major applications. Bio polyol-based polyurethane thus has major opportunity in this segment as a preferred alternative offering additional advantages such as reduced cost structures, long life span, corrosion resistance and light weight. Among the various properties offered, the thermal insulation value of the bio polyol-based polyurethane is the most preferred. According to the U.S. Department of Energy, heating and cooling account for about 56% of the energy use in a typical U.S. home, making it the largest energy expense for most homes. To maintain uniform temperature and lower noise levels in homes and commercial properties, rigid polyurethane foams are used. These foams are effective insulation materials that can be used in roof and wall insulation, insulated windows, doors and air barrier sealants. Owing to these myriad applications and benefits the bio polyols market is expected to show significant growth during the forecast period.

      Bio Polyol Market Segment Analysis – By Geography

      North America held the largest share in the bio polyol market in 2020 up to 35%. The US is North America’s largest market for bio polyols, which accounted for a major share of the industry in 2020. Growing end-use industries in US, Canada, and Mexico has a direct positive impact on the overall bio polyols market. This region is the largest market in the world for soy-based bio polyols, owing to the high availability of soy. The increasing awareness about the use of eco-friendly and sustainable materials for the production of polyurethane foams which are used in various end use industries such as construction, automotive, packaging, and others is expected to drive growth of bio polyols market. Government regulations like the Weatherization Assistance Program (WAP) that promote the use of thermal insulation will also foster the demand in the region. Thereby, impacting the market positively. Rigid polyurethane foam provides energy-efficient and versatile insulations and can effectively limit energy costs. According to the report, Financing Clean Energy Transitions in Emerging and Developing Economies, clean energy investment needs to increase by more than seven times – from less than $150 billion in 2020 to over $1 trillion in 2030 to put the world on track to reach net-zero emissions by 2050. The adoption of bio based polyurethane foam is one step closer to this goal. So, this is one of the major factors accelerating the market growth for bio polyols during the forecast period.

      Bio polyols Market Drivers

      Increasing environmental awareness and government regulations

      Bio polyol or natural oil polyol is synthesized from various vegetable oils making them renewable. Bio polyols offer increased bio-based carbon content, reduced CO2 emissions, new marketing opportunities, and several technical advantages. Polyols obtained from renewable and sustainable resources, for example canola oil, usually are CO2 negative. This means, that plants and trees have absorbed more CO2 than it was produced during the synthesis of the polyols. Therefore, bio polyols are a great way to reduce CO2 emissions that can be beneficial for many different industries where tax breaks can be applied. Reduction of carbon footprint also opens doors for new marketing opportunities, especially for end-user products foams for DIY construction projects, footwear, automotive industry and others. Traditional polyols are synthesized from crude oil. The volatile prices of crude oil also boosted the market for bio polyols. For instance, the price of a barrel of West Texas Intermediate (WTI), fell as low as minus $37.63 a barrel as of 21 April 2020. The following factors such as – Government and regulatory bodies such as EPA and REACH compliances regarding the promotion of eco-friendly products relating to eco system and health; Government initiatives to reduce greenhouse gases emissions; are expected to drive the market for the forecast period.

      Growth of construction industry

      Bio polyols are used in the manufacture of polyurethane. The construction industry is one of the main end-users of polyurethane foam. The construction sector is one of the biggest contributors to climate change and buildings are responsible for much of the world’s energy waste. A green or sustainable building is the concept of creating structures that are environmentally responsible. The advantages of a green building that reduced overall energy use, whether from energy-efficient appliances, passive heating and cooling, or sustainable architecture, can dramatically reduce the overall carbon footprint of a building or even make it a net environmentally positive. According to a report by World Green Building Council, savings in a sustainable building can be very significant 25-35% energy savings compared to a conventional building. The increasing demand for foam used in the construction sector as a thermally insulating material is expected to stimulate the growth bio polyols. Furthermore, construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ in India are influencing bio polyols demand.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=11727

      Bio Polyol Market Challenges

      Fluctuating prices

      The cost of bio polyols is much higher than the traditional petroleum-based polyols. The reason behind this is its production cost. The increasing demand for biodiesel has driven up natural oil prices and subsequently the cost of bio polyols. These factors may hinder the market. High hydrocarbon production in North America has helped in reducing petroleum related raw material prices for the conventional polyols.

      Bio Polyols Market Landscape

      Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the bio polyols market. Bio polyols market top companies are Arkema S.A., Global Bio Chem Technology Group Co. Ltd., The Dow Chemical Company, BASF S.E, Stepan Company, Bayer Material Science, Mitsui Chemicals Inc., Bio Based Technologies Llc, Johnson Controls Inc., Cargill Inc., Jayant Agro Organics Ltd., E.I. DuPont de Nemours & Co., Invista S.A.R.L., Polylabs and Emery Oleo Chemicals (M) Sdn Bhd.

      Acquisitions/Technology Launches

      In 2020 Mitsui Chemicals planned to hike its bio polyol capacity by almost four times by opening another systems house in India.

      Key Takeaways

      North America dominates the bio polyols market, owing to the increase in production of soy-based polyols which result in increased usage of bio polyols in the region.

      The escalating use of polyurethanes in the automotive industry consecutively increases the demand for bio polyols. Thus, driving the market growth.

      Increasing applications for environmentally friendly polyols in various end use industries notably in automobiles, technological advancements in the construction industry are expected to drive the demand for bio polyols through the years to come

      The major opportunity for this market is high research spending and growing environmental awareness about bio polyols. This has a positive impact on the market.

      Related Reports:

      A. Carbon Fiber Reinforced Plastic Market

      https://www.industryarc.com/Report/11646/carbon-fiber-reinforced-plastic-market.html

      B. Polyurethane (PU) Foam Market

      https://www.industryarc.com/Report/18239/polyurethane-pu-foam-market-research-report-analysis.html

      For more Chemicals and Materials Market related reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Radiography Test Equipment Market Size to Grow at a CAGR of 4.7% During the Forecast Period 2021-2026

      Next Post

      Potential Opportunities Worth ~USD 26 Bn Opening Up in E-Mobility Industry

      Related Posts

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.
      Press Releases

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      January 28, 2023
      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.
      Press Releases

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      January 28, 2023
      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period
      Press Releases

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      January 28, 2023
      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period
      Press Releases

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      January 27, 2023
      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.
      Press Releases

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      January 27, 2023
      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period
      Press Releases

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      January 27, 2023

      Discussion about this post

      LATEST NEWS

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      January 28, 2023
      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      January 28, 2023
      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      January 28, 2023
      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      January 27, 2023

      About

      West Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Western African countries.

      We provide press release distribution to media outlets in Africa including Gambia, Ghana, Niger, Nigeria and  Africa. To submit a press release today, contact us.

      Categories

      GAMBIA

      GHANA

      NIGER

      NIGERIA

      AFRICA

      PRESS RELEASES

      MORE COUNTRIES

      Recent Post

      Recent Posts
      • UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period
      • CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.
      • Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.
      • Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Subscribe to Our Newsletter

        Share Us

        Share Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

        No Result
        View All Result
        • Gambia
        • Ghana
        • Niger
        • Nigeria
        • More Countries
          • Benin
          • Burkina Faso
          • Cape Verde
          • Gambia
          • Ghana
          • Guinea
          • Guinea-Bissau
          • Ivory Coast
          • Liberia
          • Mali
          • Mauritania
          • Niger
          • Nigeria
          • Senegal
          • Sierra Leone
          • Togo
        • AFRICA
        • Press Releases
        • About us
          • Submit Press Release
          • Contact Us

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC