Natural Oil Polyol (NOP) Market Could Be Lucrative Due to High Price Growth of Petroleum: Transparency Market Research
03 March 2015 - 11:33PM
Business Wire
Transparency Market Research has announced the release of a
report titled “Natural Oil Polyol Market (NOP) (Soy Oil Polyol,
Castor Oil Polyol, Palm Oil Polyol, Canola Oil Polyol, Sunflower
Oil Polyol and Others)- Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020”. According to the
research report, the demand for natural oil polyol (NOP) was
estimated in 2013 at US$3.88 billion and is anticipated to reach
US$7.22 billion by 2020. The global natural oil polyol market will
expand at a CAGR of 9.3% during the forecast period of 2014 to
2020.
Browse Report:
http://www.transparencymarketresearch.com/natural-oil-polyol-market.html
Environmental consciousness among people, coupled with various
government initiatives to promote the use of bio based
polyurethanes has benefitted the natural oil polyol (NOP) market.
Although petroleum-based polyols will dominate the market share of
polyol in the near future, natural oil polyol is expected to make a
steady headway in many applications. Global NOP Market is largely
stimulated due to increasing global demand for reduction of
dependency on petroleum-derived polyurethane. Rising petroleum
prices provide incentive to natural oil polyol (NOP).
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In contrast, the increasing prices of natural oil coupled with
agricultural uncertainty are expected to hamper the long term
growth of the global NOP market.
Press Release:
http://www.transparencymarketresearch.com/pressrelease/natural-oil-polyol-market.htm
On the basis of region, the global natural oil polyol (NOP)
market is segmented into North America, Europe, Asia Pacific, and
Rest of the World (RoW). By product segment, the global natural oil
polyol (NOP) market has been segmented into soy, castor, palm,
canola, sunflower and other such oils.
Some of the notable players in the global natural oil polyol
(NOP) market include Cargill Inc., BASF SE, Huntsman Corporation,
The Dow Chemical Company and Bayer MaterialScience AG, among
others.
Other Reports:
- Insulation Market:
http://www.transparencymarketresearch.com/insulation-market.html
- Smart Materials Market:
http://www.transparencymarketresearch.com/smart-materials-market.html
About Transparency Market Research
Transparency Market Research is a U.S. based market intelligence
company driven by high-pedigree consultants and researchers. TMR
leverages its Syndicated Research, Custom Research, and Market
Consulting expertise to help businesses make accurate decisions.
TMR’s exclusive blend of quantitative forecasting and trends
analysis draws on proprietary data sources and techniques, while
their data repository is continuously updated to reflect the latest
trends.
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