Global market for green and bio polyol expected to grow at a rapid pace in the next 5 years

14-Mar-14

The global market for green & bio polyol has grown significantly during the past few years and it is expected to growing at a rapid pace in the next five years, mainly driven by a growing consumption in the Asia-Pacific region. The market revenue for green & bio polyols in Asia-Pacific was US$463.9 mln in 2012. China, Japan, Malaysia, and India are the major markets for these polyols in Asia-Pacific. Other markets in Asia-Pacific include Taiwan, South Korea, Singapore, Indonesia, Philippines, and Thailand. The demand for these polyols in these markets is fueled by demand from end-user industries such as construction, transportations, and consumer durables.