Natural Oil Polyol Market: Snapshot

Polyols find extensive usage as raw materials in the manufacture of polyurea and polyurethane, both important compounds with vast applications in industries such as construction, paints and coatings, furnishing, and automotive. While a significant share of the global polyol production still heavily involves petroleum and petroleum-derived feedstock, the rising demand for cleaner and environment friendly polyols is bringing about a dynamic shift in the scenario. Production of polyols from natural oils is increasingly gaining traction and the global natural oil polyol is swiftly becoming one of the key arms of the global polyol industry.

Natural oil polyols, as the name suggests, are derived from a variety of natural oil sources and hold an impressive environment friendliness quotient owing to their non-polluting, bio-based raw materials. Key varieties of plant oils as well as animal oils used to manufacture polyols include soy oil, palm oil, castor oil, sunflower oil, canola oil, peanut oil, olive oil, mustard oil, lard, and tallow. However, the demand for plant oil polyols is presently much higher than that for animal oil polyols.

In this report, Transparency Market Research suggests that the global market for natural oil polyol will exhibit a promising CAGR of 9.3% over the period between 2014 and 2020. At this rate, the market is expected to rise from a valuation of US$3.88 bn in 2013 to an opportunity of US$7.22 bn by 2020.

Soy Oil Polyol Segment to Continue to Account for Massive Share in Global Revenues

In terms of the source of the natural oil used to manufacture polyols, the report segments the global natural oil polyol market into soy oil, castor oil, palm oil, canola oil, sunflower oil, corn oil, mustard oil, and olive oil. Of these, the segment of soy oil accounted for the dominant share of the global natural oil polyol market in 2013 and is likely to retain dominance owing to vast domestic production in a number of industrialized economies and low cost.

Castor oil followed the segment of soy oil in terms of use for the production of natural oil polyols in 2013 and is also expected to hold on to its leading spot over the forecast period owing to excellent physical features of the polyols derived from it. Specific to production of oil in specific regions, the usage of different types of oil for the production of polyols is also likely to follow the same pattern as past years, with soy oil to be more preferred in North America and Europe while palm and castor oils to find more demand in Asia Pacific.

North America Market to Continue its Bullish Run

From a geographical standpoint, the market for natural oil polyol in regions such as North America, Europe, and Asia Pacific, has been examined in the report. Of these, the market in North America accounted for the dominant share of nearly 45% of the global natural oil polyol market. The region

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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 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)
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

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Natural Oil Polyol Market