Bio Polyols Market - Forecast(2021 - 2026)

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Bio Polyols MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Bio Polyols market size is forecast to
  reach US7.8 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.

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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. 

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By Distribution Channel- Segment Analysis 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.
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• Bio Polyols Market Industry Outlook 
• Arkema S.A.,
• Global Bio Chem Technology Group Co. Ltd.,
• The Dow Chemical Company,
• BASF S.E

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Bio Polyols Market - Forecast(2021 -
2026) Learn More About the Report _at_
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ls-market.html
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