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From 2023 to 2030, the worldwide market for bio-based polyurethane is projected to expand from an initial valuation of USD 36.43 million in 2022 at a CAGR of 8.97%. Demand for bio-based plastics is predicted to increase throughout the projection period as a result of the creation of green buildings and the implementation of many sustainable construction projects. Vehicles can benefit from bio-based polyurethane coatings. The need for bio-based polyurethane coatings in the automobile industry is being driven by their superior abrasion resistance, scratch resistance, and durability. Automobile manufacturers' need for bio-based polyurethane is being driven by the growing need to lessen reliance on foreign oil and the growing concern about CO2 emissions. Positive effects on the global market are forecasted to result from rising industrialization and rising incomes, as well as the expansion of the automobile industry.
Polyurethane (PU) that is "bio-based" is created from sustainable sources. Coatings, adhesives, and sealants made from this material have several advantages over their petroleum-based counterparts. Bio-based PU is better for the environment because it decomposes naturally and doesn't produce harmful byproducts when burned. It's an excellent replacement for standard PU in thermal insulation applications due to its superior insulation qualities.
The renewable thermoset category of bio-based polyurethanes is a growing one. The bio-based content of these polyols ranges from 10% to 100%, and they are commonly made by reacting natural oil polyols with diisocyanates. The market is broken down into submarkets that focus on certain uses, industries, and regions. Foams, coatings, adhesives and sealants, and others (polyurethane binders, polyurethane dispersions) make up the majority of the market's application subsegmentation. Transportation, footwear and textile, building, packaging, furniture and bedding, electronics, and other end-user sectors (biomedical, fertiliser industry) make up the market's end-user industry segments. The size and predictions of the bio-based polyurethane markets in 15 countries across all the key regions are also included in the paper. Markets have been sized and estimates made for each subsegment in terms of volume (in kilotons).
The flexible foam category controlled more than half of the market for bio-based polyurethane, followed by the rigid foam category and paints, adhesives, and sealants. Bio-based polyurethane foam, which is used to make flexible foam, is strong, lightweight, supporting, and comfortable. Carpet underlay, automobile interiors, furniture, packing, mattresses, seating and speciality items are just some of the many places you'll find this material employed as padding. The fact that it may be both very stiff and very soft, and even visco-elastic, contributes to the material's widespread appeal. A wide variety of shapes and densities of flexible foam are possible to create. It is mostly used for automobile seats and is moulded for this industry. Seating in automobiles and workplace furnishings is another common use.
Green buildings are gaining popularity since they are better for the environment and cheaper to run. The World Green Building Council, federal agencies like the Ministry of Skill Development & Entrepreneurship and the Small Industries Development Bank of India (SIDBI), and the General Services Administration (GSA) in the United States have all recognised and incentivized green buildings, as have many state and local governments around the world.
Report Coverage
Global Bio-based Polyurethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio-based Polyurethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio-based Polyurethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio-based Polyurethane market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio-based Polyurethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio-based Polyurethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF, Lubrizol, Dow Chemical, SNP, Mitsui Chemicals, Rampf Holding, Johnson Controls, Rhino Linings, Bayer Material, Woodbridge Foam, Malama Composites, TSE Industries
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio-based Polyurethane market based on the below-mentioned segments:
Global Bio-based Polyurethane Market, By Type
Rigid Foams
Flexible Foams
Case (coatings, adhesives, sealants and elastomers)
Global Bio-based Polyurethane market, By Application
Construction
Automotive
Electronics & Electrical Appliances
Global Bio-based Polyurethane market, Regional Analysis
Polyurethane (PU) that is "bio-based" is created from sustainable sources. Coatings, adhesives, and sealants made from this material have several advantages over their petroleum-based counterparts. Bio-based PU is better for the environment because it decomposes naturally and doesn't produce harmful byproducts when burned. It's an excellent replacement for standard PU in thermal insulation applications due to its superior insulation qualities.
The renewable thermoset category of bio-based polyurethanes is a growing one. The bio-based content of these polyols ranges from 10% to 100%, and they are commonly made by reacting natural oil polyols with diisocyanates. The market is broken down into submarkets that focus on certain uses, industries, and regions. Foams, coatings, adhesives and sealants, and others (polyurethane binders, polyurethane dispersions) make up the majority of the market's application subsegmentation. Transportation, footwear and textile, building, packaging, furniture and bedding, electronics, and other end-user sectors (biomedical, fertiliser industry) make up the market's end-user industry segments. The size and predictions of the bio-based polyurethane markets in 15 countries across all the key regions are also included in the paper. Markets have been sized and estimates made for each subsegment in terms of volume (in kilotons).
The flexible foam category controlled more than half of the market for bio-based polyurethane, followed by the rigid foam category and paints, adhesives, and sealants. Bio-based polyurethane foam, which is used to make flexible foam, is strong, lightweight, supporting, and comfortable. Carpet underlay, automobile interiors, furniture, packing, mattresses, seating and speciality items are just some of the many places you'll find this material employed as padding. The fact that it may be both very stiff and very soft, and even visco-elastic, contributes to the material's widespread appeal. A wide variety of shapes and densities of flexible foam are possible to create. It is mostly used for automobile seats and is moulded for this industry. Seating in automobiles and workplace furnishings is another common use.
Green buildings are gaining popularity since they are better for the environment and cheaper to run. The World Green Building Council, federal agencies like the Ministry of Skill Development & Entrepreneurship and the Small Industries Development Bank of India (SIDBI), and the General Services Administration (GSA) in the United States have all recognised and incentivized green buildings, as have many state and local governments around the world.
Report Coverage
Global Bio-based Polyurethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bio-based Polyurethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bio-based Polyurethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bio-based Polyurethane market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF, Lubrizol, Dow Chemical, SNP, Mitsui Chemicals, Rampf Holding, Johnson Controls, Rhino Linings, Bayer Material, Woodbridge Foam, Malama Composites, TSE Industries |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bio-based Polyurethane Market from 2021 to 2030.
- Market Forecast for Bio-based Polyurethane Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bio-based Polyurethane competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bio-based Polyurethane
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bio-based Polyurethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bio-based Polyurethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF, Lubrizol, Dow Chemical, SNP, Mitsui Chemicals, Rampf Holding, Johnson Controls, Rhino Linings, Bayer Material, Woodbridge Foam, Malama Composites, TSE Industries
Primary Target Market
- Market Players of Bio-based Polyurethane
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bio-based Polyurethane market based on the below-mentioned segments:
Global Bio-based Polyurethane Market, By Type
Rigid Foams
Flexible Foams
Case (coatings, adhesives, sealants and elastomers)
Global Bio-based Polyurethane market, By Application
Construction
Automotive
Electronics & Electrical Appliances
Global Bio-based Polyurethane market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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