Soy Polyols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Soy Polyols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Food

Report Description


Soy polyols are vegetable-oil based polyols. Soy polyols are important industrial prepolymeric materials that use renewable resources. Soy polyols react with isocyanates to produce polyurethane foams such as rigid, flexible, and semi-rigid foams. Soy polyols are produced at a lower cost than polyols derived from petrochemicals. Several of the processes such as bio catalysis, transesterification, and polymerization are utilized to increase equivalent weights and hydroxyl functionality of soy-based polyols that are used in polyurethane formulations. These polyurethanes have different valuable properties, determined by their chemical composition and cross-linking density. 

In terms of application, the soy polyols market can be segmented on polyurethane formation, and industrial applications such as coatings, adhesives, sealants, elastomers, flexible molded, rigid molded, slabstock, and spray foam insulation applications. Increasing awareness regarding soy polyols in various industrial applications such as lubricants, additives, and solvents is expected to drive the global market during the forecast period. Of all the applications, the most dominant application of the soy polyols is in the production of the polyurethane foams. Polyurethane foams are of many sub segments such as flexible, rigid, and semi-rigid. Flexible polyurethane foam is currently the dominant application segment of the soy polyol market. Increasing adoption and preference for the usage of bio based materials across the world has led to the rise in usage of renewable and sustainable products. Soy polyols in the polyurethane flexible foam application, is escalating due to its growing consumption of the polyurethane foams for the manufacture of automotive seats, beddings, and other consumables.

The primary driver for the soy polyol market is the low price of the polyurethane products which are based on these polyols and the environmental friendly nature of these polyols. Soy polyols perform like their petrochemical counterparts and in some cases, soy polyols based foams are even enhanced with lighter weight, more strength, and better durability. Presently, greenhouse gas (GHG) emissions is a major concern. Increased usage of petrochemical-based products is leading to the emission of considerable amounts of VOCs, thereby degrading the environment. Several government initiatives to reduce the emissions of the VOCs is also boosting the soy polyols market. Volatile petroleum prices over the last few years is anticipated to boost the demand for soy polyols during the forecast period.

In terms of region, the soy polyols market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the dominant market for soy polyols. This is due to the rising preference for and consumption of materials and chemicals that have a lower carbon impact and those that are recyclable or derived from non-polluting resources. Asia Pacific is a prominent vegetable oil producing region in the world, and thus holds a major share of the global soy polyols market. Countries in Southeast Asia such as Malaysia, Thailand, and Indonesia hold a major share in the production of these vegetable oils. The market in Latin America and Middle East & Africa is also anticipated to expand at a significant growth rate during the forecast period. Expansion of the construction industry coupled with the increase in automobile sale is estimated to drive the sol polyols market in Latin America.

Key companies operating in the global soy polyols market include Cargill, and Honeybee Polyol, and BioBased Technologies, LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

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. 

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