Global Bio-based Polyurethane Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Bio-based Polyurethane Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Application (Foams, Coatings, Adhesive and Sealants, and Other Applications), End-user Industry (Transportation, Footwear and Textile, Construction, Packaging, Furniture and Bedding, Electronics, and Other End-User Industries), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Bio-based Polyurethane Market was valued at USD 40.9 million in 2023 and is expected to reach USD 75.6 million by 2031 while growing at a CAGR of 8.0% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global bio-based polyurethane market growth. Bio-based polyurethane, derived from renewable sources like plant-based oils or biomass feedstocks, mirrors the versatile properties of traditional polyurethane. This eco-friendly alternative aims to maintain flexibility, durability, and versatility while decreasing reliance on fossil fuels and mitigating the environmental impact linked to conventional polyurethane production.
Increasing utilization of sustainable and renewable feedstocks, coupled with innovations in biotechnology, is driving the growth of the bio-based polyurethane market. However, despite this positive trend, challenges such as cost competitiveness and limited feedstock availability may hinder the market's expansion.
Furthermore, the global bio-based polyurethane industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Application Analysis
The Global Bio-based Polyurethane Market is segmented among Foams, Coatings, Adhesive and Sealants, and Other Applications, based on Application. In 2023, Foams accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End-user Industry Analysis
The Global Bio-based Polyurethane Market is segmented among Transportation, Footwear and Textile, Construction, Packaging, Furniture and Bedding, Electronics, and Other End-User Industries, based on End-user Industry. In 2023, Construction accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Bio-based Polyurethane Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Arkema, BASF SE, Covestro AG, Huntsman International LLC, Miracll Chemicals Co. Ltd, Mitsui Chemicals Inc, Stahl Holdings BV, Toray Industries Inc., Teijin Limited, and The Lubrizol Corporation.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Bio-based Polyurethane Market Dynamics
Drivers
Restraints
Opportunity
4. Global Bio-based Polyurethane Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Bio-based Polyurethane Market Segmentation, By Application
Global Bio-based Polyurethane Market Share Analysis, By Application
Global Bio-based Polyurethane Market Growth Analysis, By Application
Global Bio-based Polyurethane Market Trends, By Application
o Foams
o Coatings
o Adhesive and Sealants
o Other Application
6. Global Bio-based Polyurethane Market Segmentation, By End-user Industry
Global Bio-based Polyurethane Market Share Analysis, By End-user Industry
Global Bio-based Polyurethane Market Growth Analysis, By End-user Industry
Global Bio-based Polyurethane Market Trends, By End-user Industry
o Transportation
o Footwear and Textile
o Construction
o Packaging
o Furniture and Bedding
o Electronics
o Other End-User Industries
7. Global Bio-based Polyurethane Market Segmentation, By Region
Global Bio-based Polyurethane Market Share Analysis, By Region
Global Bio-based Polyurethane Market Growth Analysis, By Region
Global Bio-based Polyurethane Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Arkema*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
BASF SE
Covestro AG
Huntsman International LLC
Miracll Chemicals Co. Ltd
Mitsui Chemicals Inc
Stahl Holdings BV
Toray Industries Inc.
Teijin Limited
The Lubrizol Corporation
*Similar analysis will be provided for each company listed above.