Impacts of COVID-19 on Green Polyols Market– Exclusive Report Analysis by MarketsandMarkets™

The global green and bio polyols market was valued at USD 2.63 Billion in 2015 and is projected to reach USD 4.71 Billion by 2021, at a CAGR of 9.5% from 2016 to 2021.The report "Green and Bio Polyols Market by Type (Polyether, Polyester), Application (Polyurethane Rigid Foam, Polyurethane Flexible Foam, Case), End Use Industry (Furniture & Bedding, Automotive, Packaging, Carpet Backing) and Region - Global Forecast to 2021" This growth is attributed to the eco-friendly and sustainable nature of bio polyols and the consistent supply of bio-based feedstock, while crude oil price fluctuations place limitations on the use of petroleum based polyols.

Polyether polyols is the largest by type market in the global green and bio polyols market, followed by polyester polyols. Polyester was majorly used earlier, but the demand for polyether polyols rose subsequently due to its effective and substantial usage in the production of various plastic products. The lower price of polyether polyols in comparison to polyester polyols is expected to further boost its demand in the green and bio polyols market.
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