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Published Date: 2014-08-26Number of Pages: 84

Natural Oil Polyol Market (NOP) (Soy Oil Polyol, Castor Oil Polyol, Palm Oil Polyol, Canola Oil Polyol, Sunflower Oil Polyol and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Polyols are the most important raw material for the production of polyurethane and polyurea, which find extensive applications in a variety of industries including automotive, construction, paints & coatings and furnishing industry. Traditionally, polyols are derived from petroleum and petroleum-derived feedstock. However, the rising prices of crude oil and environmental concerns resulting from the use of petroleum derived polyol have paved way for natural oil polyols. Natural oil polyols are derived from renewable sources and are environment friendly Different chemical structures and molecular weight of polyols produce different varieties and grades of polyurethane such as rigid polyurethane, slabstock polyurethane and flexible polyurethane. These types of polyurethanes are employed in different applications as per the requirement and suitability of the particular application segment. The rigidity or flexibility of polyurethane foams can be controlled and altered by adding chain extenders, cross linkers, blowing agents and surfactants. Natural oil polyol are obtained from plant oils as well as animal oils. Soy oil, castor oil, palm oil, canola oil and sunflower oil are the major plant oils that are used as feedstock for natural oil polyol. Apart from these, other types of plant oils such as olive oil, mustard oil and peanut oils are also used in smaller volumes as feedstock for the production of polyol. Animal oil based polyol are derived from lard and tallow. However, the demand for animal oil polyol is very less as compared to their plant based versions.

The natural oil polyol market has been boosted by the demand for alternative and environmentally sustainable raw materials for manufacturing polyurethanes. Technology development has rendered natural oil polyols fit for a wide range of applications and match its petroleum derived counterpart in terms of performance and longevity. Environmental benefits include lesser emission of carbon dioxide and methane during the production process and increased content of recyclable bio-based content in the final product. The sharp rise in crude oil prices over the last decade has narrowed the gap between the raw material costs for petroleum derived polyols and natural oil polyols. The price rise of crude oil has benefitted the natural oil polyol market and commercialization on large scales. Natural oil production is specific to certain regions and the popularity of different natural oil polyols depends on the raw material availability. Soy oil polyol is more common in North America and Europe while castor oil polyol and palm oil polyol is the preferred natural oil polyol type in Asia Pacific. The global natural oil polyol market is expected to exhibit a higher growth rate compared to conventional polyols. The market is expected to grow at a CAGR of 7.1% by volume between 2014 and 2020.

Natural oil polyol has enormous opportunity in automotive and home furnishing applications as several OEMs focus on sourcing polyurethanes made of natural oil polyols. North America is by far the largest consumer of natural oil polyol in the world. North America accounted for about 45% of the global demand for natural oil polyols in 2013 and is expected to continue to garner a large portion of the market share in the foreseeable future. The high demand for natural oil polyol in this region is due to government initiatives to promote use of sustainable products and higher purchasing power among people. Asia Pacific accounted for the second largest demand for natural oil polyol in 2013, followed by Europe. Asia Pacific is likely to be the fastest growing region in terms of volume demand for natural oil polyol in the coming years.

The global natural oil polyol market is moderately consolidated with the top few companies accounting for considerable market share. Some of the major companies dominating the market are Cargill Incorporation, BASF SE, Jayant Agro Organics Ltd., Bayer Material Science AG, Huntsman Corporation and Biobased Technologies LLC.  

global-natural-oil-polyol-market

Chapter 1 Preface
1.1 Research description
1.2 Market segmentation
      1.2.1 Global natural oil polyol market segmentation by product segment and region
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology
      1.4.1 Abbreviations

Chapter 2 Executive Summary
2.1 Global natural oil polyol market, 2013 – 2020 (Kilo Tons) (USD Million)

Chapter 3 Natural Oil Polyol (NOP) Market - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Increasing global demand for reduction of dependency on petroleum-derived polyurethane
      3.3.2 Rising petroleum prices provide incentive to natural oil polyol
3.4 Market restraints
      3.4.1 Increasing prices of natural oil coupled with agricultural uncertainty
3.5 Opportunities
      3.5.1 Application of bio-based polyurethanes in automotive sector
      3.5.2 Application in spray polyurethane foams used in residential and commercial building insulationnatural oil polyol
3.6 Porter’s Five Forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Natural oil polyol: Market attractiveness analysis
      3.7.1 Global natural oil polyol: Market attractiveness analysis
3.8 Natural oil polyol: Company market share analysis
      3.8.1 Global natural oil polyol market: Company market share analysis, 2013
3.9 Global natural oil polyol market: Reactive agents and additives overview
      3.9.1 Chain Extenders
      3.9.2 Cross-linking agents
      3.9.3 Blowing agents
      3.9.4 Surfactants

Chapter 4 Natural Oil Polyol (NOP) Market – Product Segment Analysis
4.1 Global Natural oil polyol market: Product segment overview
      4.1.1 Global natural oil polyol market share, by product segment, 2013 & 2020
4.2 Soy oil
      4.2.1 .Global demand for soy oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
4.3 Castor oil
      4.3.1 Global demand for castor oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
4.4 Palm oil
      4.4.1 Global demand for palm oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
4.5 Canola oil
      4.5.1 Global demand for canola oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
4.6 Sunflower oil
      4.6.1 Global demand for sunflower oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
4.7 Others
      4.7.1 Global demand for other oils polyol, 2013 - 2020 (Kilo Tons) (USD Million)

Chapter 5 Natural Oil Polyol (NOP) Market - Regional Analysis
5.1 Global natural oil polyol market: Regional overview
      5.1.1 Global natural oil polyol market volume share, by region, 2013 and 2020
5.2 North America
      5.2.1 North America natural oil polyol market volume, by product segment, 2013 – 2020 (Kilo Tons)
      5.2.2 North America natural oil polyol market revenue, by product segment, 2013 – 2020 (USD Million)
5.3 Europe
      5.3.1 Europe natural oil polyol market volume, by product segment, 2013 – 2020 (Kilo Tons)
      5.3.2 Europe natural oil polyol market revenue, by product segment, 2013 – 2020 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific natural oil polyolmarket volume, by product segment, 2013 – 2020 (Kilo Tons)
      5.4.2 Asia Pacific natural oil polyol market revenue, by product segment, 2013 – 2020 (USD Million)
5.5 RoW
      5.5.1 RoW natural oil polyol market volume, by product segment, 2013 – 2020 (Kilo Tons)
      5.5.2 RoW natural oil polyol market revenue, by product segment, 2013 – 2020 (USD Million)

Chapter 6 Company Profiles
6.1 Cargill Incorporation
      6.1.1 Company overview
      6.1.2 Product Portfolio
      6.1.3 Financial overview
      6.1.4 Business strategy
      6.1.5 SWOT analysis
      6.1.6 Recent developments
6.2 BASF SE
      6.2.1 Company overview
      6.2.2 Product Portfolio
      6.2.3 Financial overview
      6.2.4 Business strategy
      6.2.5 SWOT analysis
      6.2.6 Recent developments
6.3 Huntsman Corporation
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategy
      6.3.5 SWOT analysis
      6.3.6 Recent developments
6.4 Jayant Agro Organics Ltd.
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Financial overview
      6.4.4 Business strategy
      6.4.5 SWOT analysis
      6.4.6 Recent development
6.5 Dow Chemical Company
      6.5.1 Company overview
      6.5.2 Product portfolio
      6.5.3 Financial overview
      6.5.4 Business strategy
      6.5.5 SWOT analysis
      6.5.6 Recent developments
6.6 BioBased Technologies LLC
      6.6.1 Company overview
      6.6.2 Product portfolio
      6.6.3 Business strategy
      6.6.4 SWOT analysis
      6.6.5 Recent developments
6.7 IFS Chemicals Group
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Business strategy
      6.7.4 SWOT analysis
      6.7.5 Recent developments
6.8 Emery Oleochemicals
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Financial overview
      6.8.4 Business strategy
      6.8.5 SWOT analysis
      6.8.6 Recent developments
6.9 Bayer Material Science AG
      6.9.1 Company overview
      6.9.2 Product portfolio
      6.9.3 Financial overview
      6.9.4 Business strategy
      6.9.5 SWOT analysis
      6.9.6 Recent developments
6.10 Vertellus Specialties
      6.10.1 Company overview
      6.10.2 Product portfolio
      6.10.3 Business strategy
      6.10.4 SWOT analysis
      6.10.5 Recent developments

List of Figures 

FIG. 1 Global natural oil polyol market segmentation by product segment and region
FIG. 2 Global natural oil polyol market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 3 Value chain analysis: Natural oil polyol market
FIG. 4 Crude oil price trend (USD/ Barrel), 2001 – 2013
FIG. 5 Edible plant oil price trend (USD/Ton), 2001 - 2012
FIG. 6 Porter’s Five Forces analysis
FIG. 7 Global natural oil polyol market: Market attractiveness analysis, 2013
FIG. 8 Global natural oil polyol market: Company market share analysis, 2013
FIG. 9 Global natural oil polyol market share, by product segment, 2013 & 2020
FIG. 10 Global demand for soy oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 11 Global demand for castor oil, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 12 Global demand for palm oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 13 Global demand for canola oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 14 Global demand for sunflower oil polyol, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 15 Global demand for other oils polyol, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 16 Global natural oil polyol market volume share, by region, 2013 and 2020

List of Tables

TABLE 1 Global natural oil polyol market snapshot
TABLE 2 Drivers for natural oil polyol market: Impact analysis
TABLE 3 Potential CO2 emission savings through partial replacement of petroleum-based polyols by NOP
TABLE 4 Restraints for natural oil polyol market: Impact Analysis
TABLE 5 Estimated demand generation of natural oil polyol through partial replacement of petroleum-derived polyol
TABLE 6 North America natural oil polyol market volume, by product segment, 2013 – 2020 (Kilo Tons)
TABLE 7 North America natural oil polyol market revenue, by product segment, 2013 – 2020 (USD Million)
TABLE 8 Europe natural oil polyol market volume, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 9 Europe natural oil polyol market revenue, by product segment, 2013 - 2020 (USD Million)
TABLE 10 Asia Pacific natural oil polyol market volume, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 11 Asia Pacific natural oil polyol market revenue, by product segment, 2013 - 2020 (USD Million)
TABLE 12 RoW natural oil polyol market volume, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 13 RoW natural oil polyol market revenue, by product segment, 2013 - 2020 (USD Million)

This report covers the forecast and analysis of the natural oil polyol market on global and regional levels. The study provides historic data of 2013 along with the forecast from 2014 to 2020, based on both volume (kilo tons) and revenue (USD million). The study includes drivers and restraints of the natural oil polyols market, along with the impact of these factors on demand during the forecast period. Additionally, the report includes the study of opportunities available in the market on global and regional levels. 

In order to provide users of this report with a comprehensive view of this market, we have included a detailed value chain analysis. An analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments are benchmarked based on the market size, growth rate and general attractiveness. Market overview of additives and reactants that are combined with natural oil polyols in order to produce polyurethanes have been included in the study.

Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly utilized grades of natural oil polyol has been considered and customized product pricing has not been included. Demand for natural oil polyol has been derived by analyzing the global and regional natural oil output. Demand for natural oil from oleochemicals market and subsequently natural oil polyol market has been considered. The natural oil polyol market has been analyzed based on expected demand. Market data for each segment is based on demand volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers, based on manufacturer feedback and application requirement. Forecasts have been based on expected demand from NOP product segments. Price trends of different kinds of feedstock natural oils such as soy oil, castor oil, palm oil and sunflower oil over a period of eight years have been considered. We have used the bottom-up approach by considering individual product segments and integrating these to arrive at the global market. Product segments have been further bifurcated using the top-down approach to derive the regional product market consumption. Inflation was not part of the study while estimating and calculating market demand.

Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources, which were consulted, were OneSource, Factiva, Biodiesel Magazine, Chemistry and Technology of Polyols for Polyurethanes by Mihail Ionescu, Handbook of Bioplastics and Biocomposites Engineering Applications by Amar K. Mohanty, Renewable Polyols: Competitiveness of Palm Oil Based Polyol by Jens Eulitz, Dennis Y.J. Chong and M.Y. Tan, United Soybean Board, Plastics Technology Magazine, company annual reports and publications among many others.

The study provides a decisive view of the natural oil polyol market by segmenting the market based on regions. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). This segmentation includes demand for individual product segments in all the regions.

The report gives a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Cargill Incorporation, The Dow Chemical Company, Bayer Material Science, Jayant Agro Organics Ltd., Biobased Technologies LLC, Emery Oleochemicals and Huntsman Corporation Company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis, and recent developments.

Natural Oil Polyol Market - Product Segment Analysis
  • Soy oil polyol
  • Castor oil polyol
  • Palm oil polyol
  • Canola oil polyol
  • Sunflower oil polyol
  • Others (Including olive oil polyol, corn oil polyol, mustard oil polyol, etc.)
Natural Oil Polyol Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World


 
 
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