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Bio polyol is made from vegetable oils such as maize, castor, and canola. Polyether polyols and polyester polyols are the two most common varieties of bio polyols.
These materials are used in a variety of applications, including coatings, adhesives, sealants, and flexible and rigid polyurethane foams. Transportation, building, furniture, packaging, and carpet are some of the end-user customers of these polyols.
The growing adoption of biopolyols across different end-use sectors over the last few years is predicted to supplement the Asia pacific bio polyol market development.
Consumer preference for bio-based materials over synthetic chemicals is likely to benefit the overall growth of the bio polyols market.
The Asia Pacific Bio Polyols Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Mitsui Chemicals has established a bio-polyol joint venture in India. Mitsui Chemicals & SKC Polyurethanes’ (MCNS) new joint venture bio-polyol production firm, Vithal Castor Polyols (VCP), was officially launched in India.
VCP will create and distribute cost-effective bio-polyols based on castor oil imported from India, where 80 percent of the world’s castor oil is generated from non-edible plants, assuring a consistent feedstock supply. The new manufacturing unit, with an annual capacity of 8,000 tonnes, began commercial production of bio-polyols.
MCNS intends to increase sales in automotive applications by leveraging its strong system house network, which includes nine Asian locations, including those in Japan and South Korea, as well as three facilities in the Americas and Europe.
System houses are critical manufacturing and distribution facilities where manufacturing recipes are developed.
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