The Global Palm Oil-based Natural Oil Polyols Market was valued at USD 6.81 Billion in 2024 and is projected to reach USD 10.52 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2024–2030). This robust growth is primarily fueled by the global push towards sustainable and bio-based materials, stringent environmental regulations, and the increasing demand for green alternatives in the polyurethane industry across construction, automotive, and furniture sectors.

As the world shifts towards a circular economy, the spotlight is on innovative companies developing high-performance, renewable alternatives to petrochemical-based polyols. In this analysis, we profile the Top 10 Companies in the Palm Oil-based Natural Oil Polyols Industry—a mix of chemical giants, specialized bio-refiners, and sustainability pioneers shaping the future of green polyurethanes.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Sovermol® range of bio-based polyols

BASF is a global leader in the chemical industry and a key innovator in bio-based polyols. Their Sovermol® product line includes polyols derived from various natural oils, including palm oil derivatives, designed for coatings, adhesives, sealants, and elastomers (CASE) applications. The company invests heavily in R&D to improve the sustainability profile and performance of its bio-polyols.

Sustainability Initiatives:

• Commitment to certified sustainable palm oil sourcing (RSPO)

• Development of polyols with high bio-content for reduced carbon footprint

• Integration of bio-based materials into broader product portfolios

Download FREE Sample Report: Palm Oil-based Natural Oil Polyols Market – View in Detailed Research Report

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9️⃣ 2. Cargill, Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: BiOH® brand polyols, bio-based polyol blends

Cargill is a major global agricultural company with a significant presence in bio-industrial products. Their expertise in palm oil sourcing and processing positions them as a major player in palm oil-based NOPs. Cargill’s BiOH® polyols are used primarily in flexible foam applications for furniture, bedding, and automotive interiors.

Sustainability Initiatives:

• Pioneer in commercial-scale bio-based polyol production

• Strong commitment to 100% sustainable palm oil supply chains

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8️⃣ 3. Emery Oleochemicals (PTT Global Chemical)

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Palm-based polyols for flexible and rigid foams

Emery Oleochemicals, a joint venture between PTT Global Chemical and KLK Oleo, is one of the world’s leading natural-based oleochemical producers. With direct access to palm oil feedstocks in Malaysia, the company specializes in producing a wide range of palm oil-derived polyols tailored for various polyurethane applications.

Sustainability Initiatives:

• Focus on RSPO-certified palm oil derivatives

• Development of green polyol solutions for eco-friendly PU foams

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7️⃣ 4. Arkema Group

Headquarters: Colombes, France
Key Offering: Bio-based polyols under the Sartomer and Rilsan ranges

Arkema is a specialty chemicals company with a growing portfolio of bio-based solutions. The company develops high-performance polyols derived from renewable resources, including palm oil, for applications in coatings, adhesives, and composite materials. Their technical expertise focuses on creating drop-in replacements for conventional polyols.

Sustainability Initiatives:

• Integration of bio-based materials into specialty chemicals

• R&D investments in renewable carbon content for polymers

Download FREE Sample Report: Palm Oil-based Natural Oil Polyols Market – View in Detailed Research Report

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6️⃣ 5. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: Palm-based polyols for diverse polyurethane applications

Mitsui Chemicals is a leading Japanese chemical company with significant investments in sustainable materials. The company produces palm oil-based polyols that serve various markets, including automotive, construction, and consumer goods. Their focus is on developing polyols that meet stringent performance requirements while enhancing sustainability.

Sustainability Initiatives:

• Development of eco-friendly polyol technologies

• Commitment to sustainable palm oil sourcing practices

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5️⃣ 6. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Specialty polyols including bio-based alternatives

Huntsman is a global manufacturer of differentiated organic chemical products, including a comprehensive range of polyols for the polyurethane industry. The company has developed bio-based polyol alternatives, including those derived from palm oil, to meet the growing demand for sustainable materials in insulation, automotive, and furniture sectors.

Sustainability Initiatives:

• Expansion of renewable content in polyol product lines

• Focus on reducing the carbon footprint of polyurethane products

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4️⃣ 7. DOW Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: RENUVA™ Renewable Polyols and other bio-based solutions

Dow is a materials science leader with a strong commitment to sustainability. The company’s RENUVA™ polyols are designed for mattress recycling and circular economy applications, with ongoing research into palm oil-based alternatives. Dow’s extensive R&D capabilities drive innovation in bio-based polyol chemistry for various market segments.

Sustainability Initiatives:

• Commitment to circular economy and sustainable sourcing

• Development of polyols with verified recycled and renewable content

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3️⃣ 8. Global Bio-chem Technology Group

Headquarters: Hong Kong
Key Offering: Bio-based polyols from various feedstocks including palm

Global Bio-chem is a leading manufacturer of biochemical products with expertise in fermentation and bio-refining technologies. The company produces a range of bio-based polyols, leveraging palm oil as a key renewable feedstock. Their focus is on cost-effective production of green polyols for broad industrial applications.

Sustainability Initiatives:

• Investment in green chemical production technologies

• Development of sustainable alternatives to petrochemicals

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2️⃣ 9. Stepan Company

Headquarters: Northfield, Illinois, USA
Key Offering: Specialty polyols including bio-based formulations

Stepan Company is a major producer of polyols with a growing emphasis on sustainability. The company develops polyol systems that incorporate renewable content, including palm oil derivatives, for rigid foam applications in construction and appliance insulation. Their technical expertise focuses on performance parity with conventional polyols.

Sustainability Initiatives:

• Development of polyols with enhanced environmental profiles

• Commitment to sustainable raw material sourcing

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1️⃣ 10. Italmatch Chemicals Group

Headquarters: Genoa, Italy
Key Offering: Specialty polyols and bio-based additive solutions

Italmatch Chemicals is a global specialty chemicals group with expertise in developing innovative solutions for various industries. The company offers bio-based polyol technologies that can incorporate palm oil derivatives, focusing on high-value applications where sustainability and performance are critical requirements.

Sustainability Initiatives:

• Focus on green chemistry and sustainable product development

• Development of eco-friendly alternatives for industrial applications

Get Full Report Here: Palm Oil-based Natural Oil Polyols Market – View in Detailed Research Report

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🌍 Outlook: The Future of Palm Oil-based Natural Oil Polyols Is Sustainable and High-Performance

The palm oil-based NOP market is undergoing a significant transformation. While cost and performance remain critical factors, the industry is increasingly driven by sustainability considerations, circular economy principles, and regulatory pressures for greener materials.

📈 Key Trends Shaping the Market:

• Accelerating demand for bio-based materials in construction and automotive sectors

• Stringent environmental regulations driving adoption of green polyols

• Advancements in catalysis and process technology improving NOP performance

• Growing emphasis on RSPO certification and sustainable palm oil sourcing

Get Full Report Here: Palm Oil-based Natural Oil Polyols Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for the polyurethane industry—they’re pioneering the sustainable transformation of polymer chemistry toward a greener future.