Technavio released a new market research report on the global biopolyol market from 2018 to 2022. (Illustration: Business Wire)
Technavio released a new market research report on the global biopolyol market from 2018 to 2022. (Illustration: Business Wire)
LONDON--(BUSINESS WIRE)--Technavio analysts predict based on their latest market research report that during the forecast period, the compound annual growth rate of the global biopolyol market will exceed 10%.
The environmental and sustainable characteristics of biopolyols are one of the main trends in the global biopolyol market from 2018 to 2022. Biopolyol compounds are usually produced from different natural and sustainable sources, such as vegetable oils and their derivatives, sucrose, etc. During the forecast period, increasing environmental concerns about the use of traditional polyols may drive the demand for bio-polyols.
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According to Technavio analysts, one of the key factors driving the growth of the global biopolyol market is the growing demand for adhesives and sealants:
Global biopolyol market: growing demand for adhesives and sealants
Adhesives and sealants are substances that are applied to one or two surfaces to bond them together. They have replaced rivets, welding parts and other mechanical parts in various equipment. The polyurethane adhesive reduces the cost of the entire manufacturing process. They exhibit excellent product performance, reliability and extend product life.
According to a senior analyst at Technavio who studies specialty chemicals, “Adhesives and sealants are increasingly used in the automotive and transportation, furniture and wood products, construction and construction, electrical and electronic, footwear and packaging industries. Polyurethanes. The adhesive reduces the overall weight of the vehicle, thereby improving fuel efficiency."
Global Biopolyol Market: Segmentation Analysis
The global biopolyol market research report provides market segmentation by application (foam and case) and region (Americas, Europe, Middle East and Africa, and Asia Pacific). It provides an in-depth analysis of the main factors affecting the market, including drivers, opportunities, trends, and industry-specific challenges.
In 2017, the foam segment had the largest market share, accounting for nearly 58% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market with a market share of nearly 40% in 2017. The market share occupied by this region is expected to decrease during 2018-2022.
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Some of the key topics covered in the report include:
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Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 www.technavio.com
According to Technavio data, Technavio analysts predict that the global biopolyol market will grow at a compound annual growth rate of more than 10% from 2018 to 2022.
Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 www.technavio.com