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    Bio Based Polyurethane Market Report

    Bio Based Polyurethane Market Report
    Report code - SR2210 Delivery - 2 Weeks
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    Bio-based Polyurethane Market Size, Share, Trend, Forecast, Competitive Analysis, and Grow See more...

    Market Insights

    Bio-based thermosets constitute a significant class of renewable thermosets. They are primarily produced by reacting natural oil polyols with diisocyanates, and their bio-based content ranges between 10% and 100%. The automotive, railroad, and aerospace industries are just a few of the transportation sectors where bio-based polyurethane is widely used.

    In the automotive industry, bio-based PU foams, varnishes, adhesives, and sealants are also used. Seating systems (headrests, headliners, armrests, seat cushioning, and other interior components, in particular) and interior components use bio-based PU foams. The main mid-term market drivers are rising demand from the developing world's construction sector and increasing demand from electrical product manufacturers.

    Bio-based polyurethane, a sizeable market, witnessed a colossal decline (-15%+ in 2020) amid the pandemic. The pandemic had a significant impact on almost all end-use industries, particularly the construction industry. However, industrial growth in The Middle East and Africa is expected to present an opportunity, with demand for bio-based polyurethane expected to rise due to increased demand in the transportation sector. Overall, the bio-based polyurethane market is likely to rebound at a promising CAGR of more than 12% during the forecast period. 

    Segment Analysis

    Based on the application type, the bio-based polyurethane market is segmented as foams, coatings, adhesives and sealants, and other applications. Foam is expected to remain the largest and fastest-growing application type in the market during the forecast period. Bio-based polyurethane foam is lightweight, flexible, supportive, and comfortable. The material is used as cushioning in a variety of consumer and business products, including carpet underlay, vehicle interiors, furniture, packaging, mattresses, chairs, and specialty items. This material's popularity stems from the fact that it can be extremely stiff, soft, or even viscoelastic.

    Based on the end-user industry type, the market is segmented as transportation, footwear and textile, construction, packaging, furniture and bedding, electronics, and other end-user industries. Transportation is expected to remain the dominant as well as the fastest-growing end-user industry type in the market during the forecast period. The automotive, railway, and aerospace industries are just a few of the transport sector where bio-based polyurethane is used extensively.

    In terms of regions, Asia-Pacific is expected to remain the largest market for bio-based polyurethane during the forecast period. With a high availability of synthetic diisocyanates and a significant amount of bio-based polyurethane in the region, Asia-Pacific is the world's largest producer of bio-based polyurethane. China is experiencing a massive boom in the development of bio-based polyurethane. The country's construction industry is the largest in the world and the region.

    Key Players

    The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the bio-based polyurethane market:

    • The Lubrizol Corporation
    • Huntsman International LLC.
    • Covestro AG
    • BASF SE
    • Mitsui Chemicals Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s bio-based polyurethane market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The bio-based polyurethane market is segmented into the following categories. 

    Bio-based Polyurethane Market, by Application Type

    • Foams (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Adhesives and Sealants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Applications
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Polyurethane, Binders, and Dispersions)

    Bio-based Polyurethane Market, by End-User Industry Type

    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Footwear and Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Furniture and Bedding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other End-User Industries
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-User Industry Type Analysis: Biomedical and Fertilizer Industry)

    Bio-based Polyurethane Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    The bio-based polyurethane market is estimated to grow at a CAGR of >12% by 2027, driven by rising demand from the developing construction industry and growing demand from electrical product manufacturers.

    Arkema SA, 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, Woodbridge are the leading players in the bio-based polyurethane market.

    Asia-Pacific is estimated to remain dominant in the bio-based polyurethane market in the foreseen future. The key economies driving the regions demand for bio-based polyurethane are China, India, and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for bio-based polyurethane in the foreseen future. Asia-Pacific is the world's largest producer of bio-based polyurethane. China is experiencing a massive boom in development of the product. China has the world's and the region's largest construction market.

    Foam is expected to remain the largest and fastest-growing application type in the market during the forecast period. This material's popularity stems from the fact that it can be extremely stiff, soft, or even viscoelastic.

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